QSR Insider Sells $141.5K in Shares for Tax Withholding
Restaurant Brands International Inc.
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Filing Summary
QSR Insider Sells $141.5K in Shares for Tax Withholding
Company: Restaurant Brands International Inc. (QSR) Form: 4 | Filed: 2025-12-17 Significance: Low
Insider: SANTELMO THIAGO T Title: President, International | Relationship: Officer
Transaction: • Type: Sell (to cover taxes) • Shares: 1,996 • Price: $70.87 • Value: ~$141,500 • Owned After: 62,910
Key Insight: This is a non-discretionary sale to cover tax obligations on newly vested RSUs, not a change in the insider's outlook. The insider's net share position increased as a result of the vesting.
Market Context: The sale represents a negligible 0.0006% of QSR's $22.51B market cap, indicating a routine compensation-related transaction.
This is PUBLIC SEC data for educational purposes. Not investment advice.
Comprehensive Analysis
SEC Filing Analysis: Restaurant Brands International Inc. (QSR)
Executive Summary
- Trading Significance: Low
- Key Takeaway: An officer conducted a routine, non-discretionary 'sell-to-cover' transaction to pay taxes on vested Restricted Share Units (RSUs). The sale has no bearing on the insider's sentiment.
- Market Impact: Neutral. The transaction is immaterial relative to the company's market capitalization.
Company Information
| Field | Value |
|---|---|
| Company | Restaurant Brands International Inc. |
| Ticker Symbol | QSR |
| CIK | 0001618756 |
| Industry | RETAIL-EATING PLACES |
Insider Information
| Field | Value |
|---|---|
| Name | SANTELMO THIAGO T |
| CIK | 0002015936 |
| Title/Position | President, International |
| Relationship | Officer |
Transaction Details
This filing reports the vesting of 5,500 RSUs and the subsequent automatic sale of shares to cover tax obligations.
| Field | Value |
|---|---|
| Form Type | 4 |
| Transaction Date | 2025-12-15 |
| Transaction Code | S (Sale) |
| Security Type | Common Shares |
| Shares Involved | 1,996.46 (Sold) |
| Price Per Share | $70.8733 |
| Total Value | $141,500 |
| Shares Owned After | 62,909.59 |
| Ownership Type | Direct |
Financial Impact Assessment
Transaction Materiality
| Metric | Value |
|---|---|
| Transaction Value | $141,500 |
| % of Market Cap | 0.0006% |
| Shares Transacted | 1,996.46 |
| % of Shares Outstanding | Not Available |
| Materiality Assessment | Low |
Impact Evaluation
- Market Cap Context: The $141.5K sale is negligible for a large-cap company with a market capitalization of $22.51 billion.
- Transaction Significance: The transaction is a routine 'sell-to-cover' event, which is automated and non-discretionary. It does not reflect a deliberate investment decision by the insider. The insider's net position actually increased by over 3,500 shares after the vesting and tax sale.
Market Impact Analysis
Stock Impact Prediction
- Direction: Neutral
- Reasoning: The sale is a pre-planned, automatic transaction to cover taxes and is insignificant in value compared to the company's market size. It provides no new information about the company's prospects.
Volume & Sentiment
- Expected Volume Impact: None. The transaction size is too small to impact trading volume.
- Sentiment Indicator: Neutral. This type of filing is common for executives receiving equity compensation and is not considered a bullish or bearish signal.
Additional Context
Transaction Notes
- Special Circumstances: As stated in Footnote 1, the sale was executed solely "to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units."
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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.