J Patrick Doyle Sells $3.04M of Restaurant Brands International Inc (QSR) — SEC Form 4, Nov 25, 2025
Open-Market Net Sale · SEC Form 4
−$3,042,920
Equity position changed by +10.0%
Equity Position
737K sh
670,598 → 737,452
Equity Change
+10.0%
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 |
|---|---|
| J Patrick Doyle CIK 0001337160 |
Director
Chair
|
J Patrick Doyle at Restaurant Brands International Inc
Full insider history
Bought (12 mo)
—
Sold (12 mo)
$3,042,920
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Non-Derivative Securities Transactions
| Title | Date | Type | Shares | Price | Net Total | Post-Txn | Ownership |
|---|---|---|---|---|---|---|---|
| Common Shares | 2025-11-21 | M - Exercise | 110,451.3916 A | $0.00 | — | 237,452.0238 | Direct |
| Common SharesF1F2 | 2025-11-21 | S - Sale | 15,499 D | $68.89 | -$1,067,670 | 221,953.0238 | Direct |
| Common SharesF1F3 | 2025-11-21 | S - Sale | 12,300 D | $69.84 | -$859,048 | 209,653.0238 | Direct |
| Common SharesF1F4 | 2025-11-21 | S - Sale | 15,798 D | $70.65 | -$1,116,201 | 193,855.0238 | Direct |
Derivative Securities Transactions
Non-Derivative Holdings
| Title | Shares Held | Ownership |
|---|---|---|
| Common SharesF5 | 500,000 | Indirect By LLC |
Footnotes (8)
- F1
- Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units. Show more
- F2
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $68.39 to $69.37 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Show more
- F3
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $69.40 to $70.39 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Show more
- F4
- Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction range from $70.40 to $70.91 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Show more
- F5
- These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with the sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein. Show more
- F6
- Each restricted share unit represents a contingent right to receive one common share. Show more
- F7
- These restricted share units vest in equal annual installments. The remaining vestings will occur on November 21, 2026 and November 21, 2027. Show more
- F8
- The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending May 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares. 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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