February 25, 2026 · Form 4 insider transaction
Fulton Duncan bought 1,540 shares of Restaurant Brands International Inc. at $68.78 per share, a transaction worth $105.9K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
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 2025 Bonus Swap Program under its 2023 Omnibus Incentive Plan ("2023 Plan"). The Reporting Person elected to use 50% of his 2025 net bonus to purchase common shares at a purchase price of CAD$94.29 per share ("Investment Shares"). The purchase price was converted into its U.S. Dollar equivalent using the Bank of Canada daily exchange rate on February 24, 2026.; Pursuant to the Issuer's 2023 Plan, the purchase price of the Investment Shares is calculated based on the last sales price of common shares of the Issuer reported on the Toronto Stock Exchange on the trading day immediately preceding the grant date, in this case February 24, 2026.