Restaurant Brands International CFO Receives Routine Dividend Equivalent Units

Executive Summary

On October 6, 2026, Restaurant Brands International Inc. ($QSR) filed a Form 4 for Chief Financial Officer Sami A. Siddiqui. The filing reports multiple derivative transactions dated October 2, 2026, totaling 2,652.8043 dividend equivalent units across several tranches of Restricted Share Units (RSUs) and Performance Share Units (PSUs) at a stated price of $0.00 per share.

Transaction Breakdown

All transactions carry transaction code A (Grant, award or other acquisition):

• Restricted Share Units: Accruals of 23.3229, 70.8192, 74.0442, and 136.6408 dividend equivalent rights.
• Performance Share Units: Accruals of 471.7653 (2024 PBRSUs), 678.7680 (2025-1 PBRSUs), 716.2630 (2025-2 PBRSUs), and 551.1809 (2026 PBRSUs) dividend equivalent rights.
• Pricing: Granted at $0.00 pursuant to the terms of the equity incentive plans reflecting regular quarterly cash dividend distributions.

Holdings Summary

• Direct Common Shares: 12,139.257 shares.
• Indirect Common Shares (Trust): 258,855 shares held in a revocable trust.
• Options: 20,000 fully vested options exercisable at $66.31 expiring February 20, 2030.

Market & Trading Significance

This filing carries Low trading significance. The reported acquisitions represent standard, automated dividend equivalent unit accruals on outstanding unvested RSU and PSU awards rather than open-market discretionary transactions.