Form 4: Restaurant Brands International Director Ali Hedayat Exercises Options and Sells Shares

Director Ali Hedayat of Restaurant Brands International Inc. (QSR) exercised options to acquire shares and subsequently sold a portion of those shares on May 3, 2024.

Summary

• On May 3, 2024, Ali Hedayat, a director of Restaurant Brands International Inc., exercised options to acquire 11,381 common shares at an exercise price of $46.77 per share.
• Following the exercise of these options, Hedayat sold 8,537 common shares at a price of $74.75 per share.
• After these transactions, Hedayat directly owns 22,881 common shares.
• The options exercised were immediately exercisable and had an original exercise price of CAD $61.65, converted to USD $46.77.
• The shares were sold in Canadian dollars and converted into their U.S. dollar equivalent using the Bank of Canada daily exchange rate on May 3, 2024 of 0.7314.

Sentiment

Score: 5

Explanation: This is a routine disclosure of insider transactions. The sentiment is neutral as it doesn't inherently indicate positive or negative performance for the company.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment or misalignment of interests between management and shareholders.

Stakeholder Impact

• Shareholders can monitor insider transactions to gain insights into management's perspective on the company's value.

Key Dates