Restaurant Brands International Chief Corporate Officer Receives Dividend Equivalent Rights

Executive Summary

On October 6, 2026, Restaurant Brands International Inc. ($QSR) filed a Form 4 on behalf of Duncan Fulton, Chief Corporate Officer. The filing reports the acquisition of multiple tranches of dividend equivalent rights across restricted share units (RSUs) and performance-based restricted share units (PSUs) on October 2, 2026. The total dividend equivalents credited across all awards amounted to approximately 792.21 units at an exercise/acquisition price of $0.00.

Transaction Breakdown

The reported transactions represent dividend equivalent rights accrued on outstanding equity awards pursuant to quarterly dividend payouts:

• Restricted Share Units: Four grants totaling 184.0523 units (23.2911, 48.8118, 46.2362, and 65.7142 units).
• Performance Share Units: Three grants totaling 634.3645 units (201.5165, 226.2447, and 206.6033 units across 2024, 2025, and 2026 PBRSU cycles).

All units were acquired directly and vest in accordance with the underlying equity award schedules.

Trading Significance

The trading significance of this filing is categorized as Low. These transactions reflect routine, non-discretionary accruals of dividend equivalent units resulting from the company's regular dividend distribution rather than an open-market purchase or sale.