Form 4: Restaurant Brands International Executive Thiago T. Santelmo Reports Share Transactions
SEC Form 4
Thiago T. Santelmo, President, International at Restaurant Brands International, reports acquisition and disposal of common shares and performance share units on February 21, 2025.
Summary
- On February 21, 2025, Thiago T. Santelmo, President, International of Restaurant Brands International Inc., reported transactions involving the company's securities.
- Santelmo acquired 8,953.2002 common shares through the vesting of performance share units.
- He also disposed of 3,354.785 common shares at a price of $62.35 per share to cover withholding taxes.
- Following these transactions, Santelmo directly owns 38,535.568 common shares.
- The report also details Santelmo's holdings in derivative securities, including exchangeable units and options with various exercise prices and expiration dates, as well as performance and restricted share units that vest over time.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding management's perspective on the company's value.
Key Dates
| Date | Description |
|---|---|
| 12/31/2021 | End of performance period for 2020 PBRSUs |
| 12/31/2022 | First vesting installment for certain restricted share units |
| 12/15/2023 | First vesting installment for certain restricted share units |
| 12/31/2023 | Second vesting installment for certain restricted share units |
| 02/23/2024 | Start of performance period for 2024 PSUs |
| 12/15/2024 | Second vesting installment for certain restricted share units |
| 12/31/2024 | Third vesting installment for certain restricted share units; end of performance period for 2022 PBRSUs |
| 02/21/2025 | Date of earliest transaction; vesting date for 2020 PBRSUs |
| 02/25/2025 | Vesting date for 2022 PBRSUs |
| 12/15/2025 | Third vesting installment for certain restricted share units |
| 12/31/2025 | Fourth vesting installment for certain restricted share units |
| 02/22/2026 | Vesting date for 2023 PBRSUs |
| 12/15/2026 | Fourth vesting installment for certain restricted share units |
| 03/15/2027 | Vesting date for 2024 PSUs |
| 12/15/2027 | Final vesting installment for certain restricted share units |
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