Duncan Fulton Sells $270K of Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 06, 2023
Open-Market Net Sale · SEC Form 4
−$269,656
Equity position changed by -26.6%
Equity Position
11.3K sh
15,380 → 11,297
Equity Change
-26.6%
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
| Title | Strike | Date | Type | Shares | Price | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF4F5F6F6 | 2023-01-04 | A - Award/Grant | 26.0591 A | $0.00 | 26.0591 Common Shares | Direct | ||
| Restricted Share UnitsF4F5F7F7 | 2023-01-04 | A - Award/Grant | 24.4639 A | $0.00 | 24.4639 Common Shares | Direct | ||
| Restricted Share UnitsF4F5F11F11 | 2023-01-04 | A - Award/Grant | 24.5235 A | $0.00 | 24.5235 Common Shares | Direct | ||
| Restricted Share UnitsF4F5F12F12 | 2023-01-04 | A - Award/Grant | 29.8562 A | $0.00 | 29.8562 Common Shares | Direct | ||
| Restricted Share UnitsF4F5F14F14 | 2023-01-04 | A - Award/Grant | 72.6372 A | $0.00 | 72.6372 Common Shares | Direct | ||
| Performance Share UnitsF8F9 | 2023-01-04 | A - Award/Grant | 478.8513 A | $0.00 | 2024-02-22 | 478.8513 Common Shares | Direct | |
| Performance Share UnitsF10F9 | 2023-01-04 | A - Award/Grant | 232.4585 A | $0.00 | 2025-02-21 | 232.4585 Common Shares | Direct | |
| Performance Share UnitsF13F9 | 2023-01-04 | A - Award/Grant | 149.3702 A | $0.00 | 2024-02-19 | 149.3702 Common Shares | Direct | |
| Performance Share UnitsF15F9 | 2023-01-04 | A - Award/Grant | 210.8189 A | $0.00 | 2022-02-25 | 210.8189 Common Shares | Direct |
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 |
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$87.86 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, 2023. Show more
- F7
- These restricted share units vest on December 31, 2024. Show more
- F8
- 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
- F9
- 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 based restricted share units to which they relate. Show more
- F10
- 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
- F11
- These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
- F12
- These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
- F13
- 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
- F14
- These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 25, 2025. Show more
- F15
- The share reported represent an award of performance base restricted share units (the "2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning on 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
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
GET /v1/forms/4/0001209191-23-002464
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