Duncan Fulton Sells $696K of Restaurant Brands International Inc (QSR) — SEC Form 4, Feb 24, 2026
Open-Market Net Sale · SEC Form 4
−$695,826
Equity position changed by +17.5%
Equity Position
60K sh
51,035 → 59,984
Equity Change
+17.5%
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 |
|---|---|
| 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 |
| 2026-01-08 | Sell | -$119,777 | View |
Non-Derivative Securities Transactions
Derivative Securities Transactions
| Title | Strike | Date | Type | Shares | Price | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| Performance Share UnitsF9 | 2026-02-22 | M - Exercise | 24,070.4687 D | $0.00 | 2026-02-22 | 24,070.4687 Common Shares | Direct |
Derivative Holdings
| Title | Amount | Exercise Price | Expiration |
|---|---|---|---|
| Option (Right to Buy)F4F5 Common Shares | 60,000 | $63.64 | 2028-08-03 |
| Option (Right to Buy)F6F5 Common Shares | 15,000 | $66.31 | 2030-02-21 |
| Restricted Share UnitsF7F8F8 Common Shares | 2,456.9149 | ||
| Restricted Share UnitsF7F10F10 Common Shares | 5,149.0219 | ||
| Performance Share UnitsF11 Common Shares | 21,257.4006 | 2027-03-15 | |
| Restricted Share UnitsF7F12F12 Common Shares | 4,877.3256 | ||
| Performance Share UnitsF13 Common Shares | 23,865.9098 | 2028-03-15 |
Footnotes (13)
- F1
- The 2023 PBRSUs vested at 80% of target based on the results of the performance condition. Show more
- F2
- Represents shares sold to cover withholding tax obligations on the settlement of the vesting of the Reporting Person's performance based restricted share units. Show more
- F3
- The reported shares were sold in Canadian dollars at a price of CAD$92.41 per share. The sale price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date. Show more
- F4
- The options were issued with an exercise price of CAD $82.81. The reported exercise price represents the U.S. dollar equivalent on the grant date. Show more
- F5
- These options are fully vested and exercisable. Show more
- F6
- The options were issued with an exercise price of CAD $88.03. The reported exercise price represents the U.S. dollar equivalent on the grant date. Show more
- F7
- Each restricted share unit represents a contingent right to receive one common share. Show more
- F8
- These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026. Show more
- F9
- The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs had a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned vested on February 22, 2026. The 2023 PBRSUs vested at 80% of target. Show more
- F10
- These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027. Show more
- F11
- 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
- F12
- 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
- F13
- 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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