Duncan Fulton Sells $458K of Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 08, 2024
Open-Market Net Sale · SEC Form 4
−$458,018
Equity position changed by -23.3%
Equity Position
19.5K sh
25,398 → 19,482
Equity Change
-23.3%
shares held after vs before
Filing Lag
1 business day
within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Reporting Owner
| Name | Relationship |
|---|---|
| Duncan Fulton CIK 0001908102 |
Officer
|
Duncan Fulton at Restaurant Brands International Inc
Full insider history
Bought (12 mo)
—
Sold (12 mo)
$1,065,856
More from this insider at Restaurant Brands International Inc
| 2026-10-06 | Award | — | View |
| 2026-07-09 | Award | — | View |
| 2026-04-06 | Award | — | View |
| 2026-02-27 | Award | — | View |
| 2026-02-24 | Sell | -$695,826 | View |
Non-Derivative Securities Transactions
Derivative Securities Transactions
| Title | Strike | Date | Type | Shares | Price | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4F5F6F6 | 2024-01-04 | A - Award/Grant | 21.7141 A | $0.00 | 21.7141 Common Shares | Direct | ||
| Restricted Share UnitsF4F5F9F9 | 2024-01-04 | A - Award/Grant | 13.2501 A | $0.00 | 13.2501 Common Shares | Direct | ||
| Restricted Share UnitsF4F5F11F11 | 2024-01-04 | A - Award/Grant | 42.9766 A | $0.00 | 42.9766 Common Shares | Direct | ||
| Performance Share UnitsF12F8 | 2024-01-04 | A - Award/Grant | 187.122 A | $0.00 | 2025-02-25 | 187.122 Common Shares | Direct | |
| Restricted Share UnitsF4F5F13F13 | 2024-01-04 | A - Award/Grant | 49.139 A | $0.00 | 49.139 Common Shares | Direct | ||
| Performance Share UnitsF14F8 | 2024-01-04 | A - Award/Grant | 160.4482 A | $0.00 | 2026-02-22 | 160.4482 Common Shares | Direct | |
| Performance Share UnitsF7F8 | 2024-01-04 | A - Award/Grant | 425.0265 A | $0.00 | 2024-02-22 | 425.0265 Common Shares | Direct | |
| Performance Share UnitsF4F8 | 2024-01-04 | A - Award/Grant | 206.3292 A | $0.00 | 2025-02-21 | 206.3292 Common Shares | Direct | |
| Performance Share UnitsF10F8 | 2024-01-04 | A - Award/Grant | 132.5803 A | $0.00 | 2024-02-19 | 132.5803 Common Shares | Direct |
Derivative Holdings
| Title | Amount | Exercise Price | Expiration |
|---|---|---|---|
| Option (Right to Buy)F15 Common Shares | 60,000 | $63.64 | 2028-08-03 |
| Option (Right to Buy) Common Shares | 15,000 | $66.31 | 2030-02-21 |
Footnotes (15)
- F1
- Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award. Show more
- F2
- Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units. Show more
- F3
- The reported shares were sold in Canadian dollars at a price of CAD$101.97 per share. The purchase price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date. Show more
- F4
- Each restricted share unit represents a contingent right to receive one common share. Show more
- F5
- Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. Show more
- F6
- These restricted share units vest on December 31, 2024. Show more
- F7
- The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 22, 2024, which is the fifth anniversary of the grant date. Show more
- F8
- Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance baserd restricted share units to which they relate. Show more
- F9
- These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
- F10
- The shares reported represent an award of performance based restricted share untes ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on February 19, 2024. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition. Show more
- F11
- These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
- F12
- The shares reported represent an award of performance based restricted share units ("2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest on February 25, 2025. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition. Show more
- F13
- These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
- F14
- The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026, the number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition. Show more
- F15
- These options are fully vested and exercisable. Show more
Related filings at Restaurant Brands International Inc
Institutional Holders
13F holders · Jun 30, 2026
581
institutional managers reporting a position
Largest by reported value
- Capital World Investors $3.18B
- Pershing Square Holdco, L.P. $1.87B
- Royal Bank Of Canada $1.47B
5%+ Holders · 13D/G
4 filers
Other insiders at Restaurant Brands International Inc
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