Officer Jill Granat Files to Sell $1.9M in Restaurant Brands International
Restaurant Brands International Inc.
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Filing Summary
Officer Jill Granat Files to Sell $1.9M in Restaurant Brands International
Company: Restaurant Brands International Inc. Form: 144 | Filed: 2026/03/16 Significance: Low
Insider: JILL GRANAT Relationship: Officer
Transaction: • Type: Proposed Sale (Option Exercise) • Shares: 25,000 • Est. Value: $1,868,912 • Approx Date: 03/16/2026
Key Insight: Routine option exercise and subsequent sale of 25,000 shares. Transaction represents <0.01% of market cap.
Market Context: Transaction occurs alongside previous sales in Feb and Jan 2026, suggesting a structured liquidity plan.
Comprehensive Analysis
SEC Filing Analysis: Restaurant Brands International Inc.
Executive Summary
- Trading Significance: Low
- Key Takeaway: Officer Jill Granat is exercising options to sell $1.87M in stock, a routine liquidity event for a company of this size.
- Market Impact: Neutral; the transaction volume is negligible relative to the company's $33B market cap.
Company Information
| Field | Value |
|---|---|
| Company | Restaurant Brands International Inc. |
| CIK | 0001618756 |
| Industry | Retail-Eating Places |
Insider Information
| Field | Value |
|---|---|
| Name | JILL GRANAT |
| CIK | 0001552022 |
| Relationship | Officer |
Transaction Details
| Field | Value |
|---|---|
| Form Type | 144 (Notice of Proposed Sale) |
| Approx Sale Date | 2026/03/16 |
| Transaction Type | Sale (via Option Exercise) |
| Security Type | Common Stock |
| Shares Involved | 25,000 |
| Est. Price Per Share | ~$74.76 (Implied) |
| Total Value | $1,868,912.50 |
| Broker | Morgan Stanley Smith Barney LLC |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $1,868,912.50 |
| % of Market Cap | 0.0056% |
| Shares Transacted | 25,000 |
| % of Shares Outstanding | 0.0072% |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: With a market capitalization of $33.12 billion, a $1.87 million transaction is immaterial to the broader stock price.
- Dilution Impact: The sale stems from a stock option exercise. While this technically introduces 25,000 new shares (0.007% of outstanding), the dilution effect is statistically zero.
- Transaction Significance: The transaction falls well below the 0.1% threshold for moderate significance.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale represents a standard compensation realization (cashless exercise) rather than a bearish signal on the company's future.
Volume & Sentiment
- Expected Volume Impact: Negligible.
- Sentiment Indicator: Neutral. The insider has a pattern of selling (sales also recorded in Jan and Feb 2026), indicating a consistent diversification strategy rather than panic selling.
Additional Context
Transaction Notes
- Pattern: The filing notes previous sales of 11,525 shares on 02/23/2026 and 1,926 shares on 01/07/2026, confirming a pattern of regular liquidity.
- Source: Shares are being acquired on the same day (03/16/2026) via Stock Option Exercise from the Issuer, likely to cover the sale immediately.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
Nothing here is a recommendation to buy, sell, or hold any security. Do your own due diligence.