Form 4: Marc Lemann Reports Acquisition of Restaurant Brands International Shares

Director Marc Lemann reports acquiring 1,540 common shares of Restaurant Brands International on December 31, 2024, along with holdings through Maai Ltd.

Summary

• Marc Lemann, a director of Restaurant Brands International Inc. (QSR), filed a Form 4 on January 3, 2025, reporting changes in beneficial ownership.
• On December 31, 2024, Lemann acquired 1,540 common shares.
• These shares were acquired at a price of $0, representing restricted share units that vest upon grant and settle following termination of board service.
• Following the transaction, Lemann directly owns 5,254 common shares.
• Lemann also indirectly owns 15,000 common shares through Maai Ltd., of which he is the sole owner, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• Lemann also holds options to buy 15,358 common shares at an exercise price of $65.11, exercisable from June 25, 2026, and expiring on June 25, 2031.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing showing a director's acquisition of shares, which can be interpreted as a positive sign of confidence, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates changes in Marc Lemann's holdings in Restaurant Brands International.

Stakeholder Impact

• The change in ownership may have a minor impact on shareholders, potentially signaling confidence from a director.

Key Dates