Joshua Kobza Sells $2.77M of Restaurant Brands International Inc (QSR) — SEC Form 4, Feb 21, 2024
Open-Market Net Sale · SEC Form 4
−$2,773,576
Equity position changed by +12.5%
Equity Position
508K sh
451,698 → 508,116
Equity Change
+12.5%
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 |
|---|---|
| Joshua Kobza CIK 0001574771 |
CEO
|
Joshua Kobza at Restaurant Brands International Inc
Full insider history
Bought (12 mo)
—
Sold (12 mo)
$17,048,276
More from this insider at Restaurant Brands International Inc
| 2026-10-06 | Award | — | View |
| 2026-07-09 | Award | — | View |
| 2026-04-06 | Award | — | View |
| 2026-03-18 | Sell | -$15,009,900 | View |
| 2026-02-27 | Award | — | View |
Non-Derivative Securities Transactions
| Title | Date | Type | Shares | Price | Net Total | Post-Txn | Ownership |
|---|---|---|---|---|---|---|---|
| Common Shares | 2024-02-19 | M - Exercise | 92,788.2381 A | $0.00 | — | 508,116.6547 | Direct |
| Common SharesF1 | 2024-02-20 | S - Sale | 36,370.8409 D | $76.26 | -$2,773,640 | 471,745.8138 | Direct |
Derivative Securities Transactions
| Title | Strike | Date | Type | Shares | Price | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF2 | 2024-02-19 | M - Exercise | 92,788.2381 D | $0.00 | 2024-02-19 | 92,788.2381 Common Shares | Direct |
Derivative Holdings
| Title | Amount | Exercise Price | Expiration |
|---|---|---|---|
| Exchangeable UnitsF3F3F3F3 Common Shares | 5,413 | ||
| Option (Right to Buy)F4 Common Shares | 35,494 | $42.26 | 2025-03-05 |
| Option (Right to Buy)F4 Common Shares | 300,000 | $42.26 | 2025-03-05 |
| Option (Right to Buy)F4 Common Shares | 200,000 | $56.92 | 2027-05-04 |
| Performance Share UnitsF5 Common Shares | 267,731.779 | 2024-02-22 | |
| Performance Share UnitsF8 Common Shares | 231,060.1806 | 2025-02-21 | |
| Performance Share UnitsF11 Common Shares | 132,188.363 | 2025-02-25 | |
| Performance Share UnitsF13 Common Shares | 309,496.6334 | 2026-02-22 | |
| Restricted Share UnitsF6F7F7 Common Shares | 16,699.8745 | ||
| Restricted Share UnitsF6F9F9 Common Shares | 5,426.5885 | ||
| Restricted Share UnitsF6F10F10 Common Shares | 16,390.6312 | ||
| Restricted Share UnitsF6F12F12 Common Shares | 20,052.2869 |
Footnotes (13)
- F1
- Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units. Show more
- F2
- The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2021 and to the extent earned will vest 100% on February 19, 2024. Show more
- F3
- Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. Show more
- F4
- These options are fully vested and exercisable. Show more
- F5
- 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
- F6
- Each restricted share unit represents a contingent right to receive one common share. Show more
- F7
- These restricted share units vest on December 31, 2024. Show more
- F8
- The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025, which is the fifth anniversary of the grant date. 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
- These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
- F11
- 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, 2022 and to the extent earned will vest 100% 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
- F12
- These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
- F13
- 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
Related filings at Restaurant Brands International Inc
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13F holders · Jun 30, 2026
581
institutional managers reporting a position
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- Capital World Investors $3.18B
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5%+ Holders · 13D/G
4 filers
Other insiders at Restaurant Brands International Inc
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