Form 4: Restaurant Brands International Executive Friesner Reports Share Transactions
SEC Form 4
Jacqueline Friesner, SVP, Controller and Principal Accounting Officer of Restaurant Brands International, reports the acquisition and disposal of common shares and performance share units.
Summary
- Jacqueline Friesner, a senior executive at Restaurant Brands International Inc. (QSR), filed a Form 4 detailing changes in her beneficial ownership of the company's securities on February 25, 2025.
- On February 21, 2025, Friesner acquired 11,937.6003 common shares through the vesting of performance share units.
- On the same day, she disposed of 4,688.3974 common shares at a price of $62.35 per share to cover withholding taxes.
- Following these transactions, Friesner directly owns 168,059.661 common shares.
- The report also details Friesner's holdings of exchangeable units, options, performance share units, and restricted share units with varying vesting schedules and performance conditions.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It doesn't inherently indicate positive or negative sentiment, but rather reports transactions.
Future Outlook
The document outlines future vesting dates for restricted share units and performance share units, indicating potential future changes in beneficial ownership.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates the executive's ongoing investment in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of earliest transaction: Acquisition of common shares through vesting of performance share units and disposal of common shares. |
| 02/25/2025 | Date of Form 4 filing. |
| 02/25/2026 | Date options become exercisable. |
| 02/23/2027 | Date options become exercisable. |
| 03/15/2027 | Date performance share units vest. |
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