Restaurant Brands International Officer Receives Dividend Equivalent Units
Restaurant Brands International Inc.
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Filing Summary
{"title": "Restaurant Brands International Inc. Insider Filing: Dividend Equivalent Units Accrual", "color": 3447003, "fields": [{"name": "Insider", "value": "CURTIS THOMAS BENJAMIN (Pres., BK US & CA)", "inline": true}, {"name": "Transaction Type", "value": "Acquisition (Code A)", "inline": true}, {"name": "Securities", "value": "Restricted & Performance Share Units", "inline": true}, {"name": "Total Transacted", "value": "2,000.98 units @ $0.00", "inline": true}, {"name": "Transaction Date", "value": "2026-10-02", "inline": true}, {"name": "Significance", "value": "Low (Routine dividend equivalent accrual)", "inline": true}]}
Comprehensive Analysis
Executive Summary
On October 6, 2026, Thomas Benjamin Curtis, President of Burger King US & Canada at Restaurant Brands International Inc. ($QSR), filed a Form 4 disclosing the acquisition of derivative securities on October 2, 2026. The reported transactions represent routine dividend equivalent rights accrued on outstanding Restricted Share Units (RSUs) and Performance Based Restricted Share Units (PBRSUs).
Transaction Details
- Nature of Transactions: The insider acquired dividend equivalent units across multiple outstanding RSU and PBRSU grants in connection with regular dividend declarations.
- Aggregate Volume: An aggregate of approximately 2,000.98 units was credited at $0 per unit across seven derivative tranches (239.88 RSUs and 1,761.09 PSUs).
- Vesting & Terms: The dividend equivalent rights accrue when dividends are paid on underlying common shares and vest proportionately under the terms of the respective RSU and PSU awards.
- Direct Holdings Post-Filing: The insider continues to directly hold 38,216.2029 common shares, alongside respective post-transaction derivative balances totaling over 150,000 RSUs and PSUs across various vesting cohorts (2026–2029).
Market & Trading Significance
This filing carries Low trading significance. The transactions reflect mechanical, non-discretionary equity accruals associated with the company's dividend payments rather than discretionary open-market purchases or sales.
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