Form 4: Director Ali Hedayat Acquires QSR Restricted Stock Units

Restaurant Brands International Director Ali Hedayat reported the acquisition of 2,909 restricted share units, increasing his beneficial ownership to 21,871 common shares.

Summary

• Ali Hedayat, a Director of Restaurant Brands International Inc. (QSR), acquired 2,909 common shares in the form of restricted share units (RSUs).
• The transaction date for this acquisition was December 31, 2025.
• The RSUs were acquired at a price of $0 per unit, as they represent a grant.
• Following this transaction, Ali Hedayat's beneficial ownership of common shares increased to 21,871.
• These restricted share units are earned and vested upon grant and will settle following the termination of board service.

Sentiment

Score: 6

Explanation: The acquisition of restricted share units by a director, while a form of compensation, increases their equity stake in the company, aligning their interests more closely with shareholders. This is generally viewed as a neutral to slightly positive development.

Positives

• The acquisition of restricted share units increases Director Ali Hedayat's equity stake in Restaurant Brands International, further aligning his interests with those of shareholders.

Future Outlook

The restricted share units are structured to settle following the termination of board service, indicating a long-term incentive structure for the director.

Stakeholder Impact

• Shareholders: Increased director alignment with shareholder interests through equity ownership.

Next Steps

• The restricted share units will settle following the termination of Ali Hedayat's board service.

Key Dates

Recommendation

This Form 4 reports a routine grant of restricted share units to a director as part of compensation, which is not typically a catalyst for a change in investment recommendation. It indicates continued alignment of director interests with shareholders but does not provide new fundamental information to alter a 'hold' stance.

Keywords

QSR, Restaurant Brands International, Form 4, Insider Transaction, Restricted Stock Units, Director Compensation, Ali Hedayat