Restaurant Brands International CEO Joshua Kobza Accrues Dividend Equivalent Rights

Insider Filing Analysis: Restaurant Brands International Inc. ($QSR)

Overview

On October 6, 2026, Restaurant Brands International Inc. filed a Form 4 on behalf of its Chief Executive Officer, Joshua Kobza. The filing reports multiple acquisitions of derivative securities on October 2, 2026, stemming from the accrual of dividend equivalent rights.

Key Transaction Details

• Reporting Person: Joshua Kobza, Chief Executive Officer
• Date of Transaction: October 2, 2026
• Nature of Transactions: Accrual of dividend equivalent rights on previously granted awards of Restricted Share Units (RSUs) and Performance-Based Restricted Share Units (PBRSUs).
• Total Derivative Shares Acquired: ~8,108.26 units
  • RSU Dividend Equivalents: ~657.45 units across 2023–2026 grant tranches
  • PBRSU Dividend Equivalents: ~7,450.81 units across 2023–2026 performance tranches
• Transaction Price: $0.00 per unit (standard dividend equivalent treatment)
• Direct Common Shares Held: 960,769.242 shares

Significance Assessment

This filing reflects routine, administrative adjustments rather than discretionary open-market buying or selling. As regular cash dividends are paid on common shares, dividend equivalent rights accrue proportionately to the executive's outstanding unvested equity awards. Consequently, the trading significance is rated as Low.