Thiago T. Santelmo - 22 Feb 2026 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role: President, International
Signature: /s/ David Wallace, as Attorney-in-Fact for Thiago T. Santelmo
Issuer symbol: QSR
Transactions as of: 22 Feb 2026
Net transactions value: -$383,883
Form type: 4
Filing time: 24 Feb 2026, 18:28:20 UTC
Previous filing: 08 Jan 2026
Next filing: 27 Feb 2026
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SANTELMO THIAGO T	President, International	C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 WATERFORD DISTRICT DRIVE, MIAMI	/s/ David Wallace, as Attorney-in-Fact for Thiago T. Santelmo	24 Feb 2026	0002015936

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	QSR	Common Shares	Options Exercise	$0	+15,665	+24%	$0.000000	79,753	22 Feb 2026	Direct	F1
transaction	QSR	Common Shares	Sale	$383,883	-5,686	-7.1%	$67.51	74,067	23 Feb 2026	Direct	F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	QSR	Performance Share Units	Options Exercise	$0	-19,581	-100%	$0.000000	0	22 Feb 2026	Common Shares	19,581		Direct	F8
holding	QSR	Exchangeable Units						205	22 Feb 2026	Common Shares	205		Direct	F3
holding	QSR	Option (Right to Buy)						10,000	22 Feb 2026	Common Shares	10,000	$55.55	Direct	F4
holding	QSR	Option (Right to Buy)						10,000	22 Feb 2026	Common Shares	10,000	$58.44	Direct	F4
holding	QSR	Option (Right to Buy)						30,000	22 Feb 2026	Common Shares	30,000	$64.75	Direct	F4
holding	QSR	Option (Right to Buy)						7,500	22 Feb 2026	Common Shares	7,500	$66.31	Direct	F4
holding	QSR	Restricted Share Units						2,187	22 Feb 2026	Common Shares	2,187		Direct	F5, F6
holding	QSR	Restricted Share Units						3,030	22 Feb 2026	Common Shares	3,030		Direct	F5, F7
holding	QSR	Performance Share Units						30,621	22 Feb 2026	Common Shares	30,621		Direct	F9
holding	QSR	Restricted Share Units						5,548	22 Feb 2026	Common Shares	5,548		Direct	F5, F10
holding	QSR	Performance Share Units						41,362	22 Feb 2026	Common Shares	41,362		Direct	F11

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The 2023 PBRSUs vested at 80% of target based on the results of the performance condition.
F2	Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's performance based restricted share units.
F3	Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common share on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
F4	These options are fully vested and exercisable.
F5	Each restricted share unit represents a contingent right to receive one common share.
F6	These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
F7	These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
F8	The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs had a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned vested on February 22, 2026. The 2023 PBRSUs vested at 80% of target.
F9	The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person. The 2024 PBRSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
F10	These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026, December 15, 2027 and December 15, 2028.
F11	The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs have a performance period beginning on February 28, 2025 and ending February 28, 2028 and to the extent earned will vest on March 15, 2028. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.