Duncan Fulton Exercises Options at Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 05, 2026
SEC Form 4 · No Market Transaction
Option Exercise
Derivative exercise — no open market transaction.
Equity Position
42.5K sh
39,280 → 42,474
Equity Change
+8.1%
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
| Title | Date | Type | Shares | Price | Net Total | Post-Txn | Ownership |
|---|---|---|---|---|---|---|---|
| Common SharesF1 | 2025-12-31 | M - Exercise | 3,194.0152 A | — | 42,474.1526 | Direct |
Derivative Securities Transactions
Derivative Holdings
| Title | Amount | Exercise Price | Expiration |
|---|---|---|---|
| Option (Right to Buy)F4F3 Common Shares | 15,000 | $66.31 | 2030-02-21 |
| Restricted Share UnitsF5F7F7 Common Shares | 2,434.3095 | ||
| Restricted Share UnitsF5F9F9 Common Shares | 5,101.6471 | ||
| Restricted Share UnitsF5F11F11 Common Shares | 4,832.4506 | ||
| Performance Share UnitsF8 Common Shares | 23,849.0026 | 2026-02-22 | |
| Performance Share UnitsF10 Common Shares | 21,061.8168 | 2027-03-15 | |
| Performance Share UnitsF12 Common Shares | 23,646.3258 | 2028-03-15 | |
| Option (Right to Buy)F2F3 Common Shares | 60,000 | $63.64 | 2028-08-03 |
Footnotes (12)
- F1
- Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement. Show more
- F2
- The options were issued with an exercise price of CAD $82.81. The reported exercise price represents the U.S. dollar equivalent. Show more
- F3
- These options are fully vested and exercisable. Show more
- F4
- The options were issued with an exercise price of CAD $88.03. The reported exercise price represents the U.S. dollar equivalent. Show more
- F5
- Each restricted share unit represents a contingent right to receive one common share. Show more
- F6
- These restricted share units vest in equal annual installments. The remaining vesting occurred on December 31, 2025. Show more
- F7
- These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026. Show more
- F8
- 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
- F9
- These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027. Show more
- F10
- The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person. The 2024 PBRSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. 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 annual installments. The remaining vestings will occur on December 15, 2026, December 15, 2027 and December 15, 2028. Show more
- F12
- The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs have a performance period beginning on February 28, 2025 and ending on February 28, 2028 and to the extent earned will vest on March 15, 2028. 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
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