Form 4: Restaurant Brands International Director Alexandre Behring Reports Share Transactions

Alexandre Behring, a director at Restaurant Brands International, reports the acquisition of restricted share units and a transfer of common shares to CLBB Investment Holdings Fund Ltd.

Summary

• On December 31, 2024, Alexandre Behring, a director of Restaurant Brands International Inc. (QSR), acquired 2,156 common shares through restricted share units that vest upon grant and settle after termination of board service.
• On the same date, Behring transferred 9,458 common shares to CLBB Investment Holdings Fund Ltd., where he serves as a director and he and his spouse are the direct or indirect equity owners.
• Behring retains all voting and dispositive power over the securities held by CLBB Investments.
• Following these transactions, Behring directly owns 2,156 common shares and indirectly owns 278,496 common shares through CLBB Investments.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting transactions without expressing any positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.

Related Party Transactions

• The transfer of shares to CLBB Investment Holdings Fund Ltd., an entity where Behring is a director and he and his spouse are equity owners, constitutes a related party transaction.

Stakeholder Impact

• The transactions may have a minor impact on shareholders by slightly altering the ownership structure.
• The filing provides transparency to stakeholders regarding insider trading activities.

Key Dates