Form 4: Daniel S. Schwartz Reports Changes in Beneficial Ownership of Restaurant Brands International Inc. (QSR)

Director Daniel S. Schwartz reports acquisition of restricted share units and holdings of common shares and exchangeable units through LLCs.

Summary

• Daniel S. Schwartz, a director of Restaurant Brands International Inc. (QSR), filed a Form 4 disclosing changes in beneficial ownership.
• The report indicates the acquisition of 1,540 common shares on December 31, 2024, through restricted share units that vest upon grant and settle after board service termination.
• Schwartz also indirectly holds 529,185.615 common shares through Miami Restaurant Holdings LLC and 854,570 common shares through Ameco Food Holdings LLC.
• Additionally, Schwartz indirectly holds 14,296 and 123,700 exchangeable units through Miami Restaurant Holdings LLC and Ameco Food Holdings LLC, respectively, each convertible into common shares or a cash amount.
• Schwartz disclaims beneficial ownership of the securities held by the LLCs except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions and holdings.

Positives

• The acquisition of restricted share units could indicate confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the holdings of a director at Restaurant Brands International, a major player in the restaurant industry.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.

Key Dates