SEC Form 4 · accession 0001337160-26-000009
Restaurant Brands International Inc. · QSR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
J Patrick Doyle
Officer — Executive Chairman · Director
Period of report
Jul 7, 2026
Accepted (ET)
Jul 9, 2026 · 7:42 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001618756
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares | holding | — | — | — | 193,855 | D | ||
| Common SharesF1 | holding | — | — | — | 500,000 | I | By LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF3,F2,F4 | — | Jul 7, 2026 | A | 1,996 | A | — | — | Common Shares | 1,996 | 226,880 | D |
| Performance Share UnitsF6,F5 | — | Jul 7, 2026 | A | 7,483 | A | — | — | Common Shares | 7,483 | 850,801 | D |
| Option (Right to Buy) | $66.74 | holding | — | — | — | Nov 21, 2027 | Nov 20, 2032 | Common Shares | 2,000,000 | 2,000,000 | D |
Explanation of responses
- F1These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with the sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein.
- F2Each restricted share unit represents a contingent right to receive one common share.
- F3Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
- F4These restricted share units vest in equal annual installments. The remaining vestings will occur on November 21, 2026 and November 21, 2027.
- F5The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending May 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares.
- F6Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate.