Duncan Fulton Receives Stock Award at Restaurant Brands International Inc (QSR) — SEC Form 4, Mar 01, 2022
SEC Form 4 · No Market Transaction
Stock Award
Compensation grant — no market purchase or sale.
Equity Position
7.78K sh
5,281 → 7,777
Equity Change
+47.3%
shares held after vs before
Filing Lag
2 business days
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
Derivative Holdings
| Title | Amount | Exercise Price | Expiration |
|---|---|---|---|
| Option (Right to Buy) Common Shares | 60,000 | $63.64 | 2028-08-03 |
| Option (Right to Buy) Common Shares | 15,000 | $66.31 | 2030-02-21 |
| Restricted Share UnitsF3F4F4 Common Shares | 3,022.5259 | ||
| Restricted Share UnitsF3F5F5 Common Shares | 2,837.5074 | ||
| Performance Share UnitsF6 Common Shares | 55,540.7177 | 2024-02-22 | |
| Performance Share UnitsF7 Common Shares | 26,962.2524 | 2025-02-21 | |
| Restricted Share UnitsF3F8F8 Common Shares | 5,688.8248 | ||
| Restricted Share UnitsF3F9F9 Common Shares | 5,194.4142 | ||
| Performance Share UnitsF10 Common Shares | 17,325.0574 | 2024-02-19 |
Footnotes (12)
- F1
- The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of his investment rights pursuant to the Issuer's 2021 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2021 net bonus to purchase common shares at a purchase price of CAD $71.74 per share. The purchase price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on February 24, 2022. Show more
- F2
- Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 11 below pursuant to the Issuer's 2021 Bonus Swap Program is calculated based on, the last sales price of a common share of the Issuer on the Toronto Stock Exchange on the trading day immediately preceding the grant date, in this case February 24, 2022. Show more
- F3
- Each restricted share unit represents a contingent right to receive one common share. Show more
- F4
- These restricted share units vest on December 31, 2023. Show more
- F5
- These restricted share units vest on December 31, 2024. Show more
- F6
- The share reported represent an award of performance base restricted share units (the "2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2024, which is the fifth anniversary of the grant date. Show more
- F7
- The share reported represent an award of performance base restricted share units (the "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
- F8
- These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. 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 share reported represent an award of performance base restricted share units (the "2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning on 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
- The Issuer granted the 2022 restricted share units (2022 RSUs") to the Reporting Person pursuant to the Issuer's 2021 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of his 2021 net bonus to purchase Investment Shares and received a matching grant of 2022 RSUs in an amount equal to 50% of his gross bonus, multiplied by a multiple based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $55.91 per share. The RSU Multiplier was 2.25 for executive vice presidents and above. If the Reporting Person sells any of the Investment Shares, he will forfeit all of the 2022 RSUs that have not yet vested. Show more
- F12
- These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 25, 2025. 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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