Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-08-10

Restaurant Brands International (QSR)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$15,159,780
Joshua Kobza total, FY2025
9th
CEO pay percentile vs peers
1,369:1
CEO-to-median pay ratio
97.49%
Say-on-pay support, latest vote
Companies that benchmark against QSR
13 companies name QSR as a compensation peer

Each company listed discloses QSR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named QSR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Joshua Kobza$950,000$0$12,317,912$0$1,869,276$0$22,592$15,159,780
Chief Executive Officer
Sami Siddiqui685,000011,543,1730881,460034,82913,144,462
Chief Financial Officer
Axel Schwan602,09405,054,4180686,3510504,3326,847,195
President, Tim Hortons Canada & US
Thomas Curtis625,00004,878,5360471,525021,2145,996,275
President, Burger King US & Canada
Jill Granat630,00003,572,0000853,2015,38028,8095,089,390
General Counsel

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Joshua Kobza$15,159,780$14,469,868+689,912
Sami Siddiqui13,144,4625,933,725+7,210,737
Axel Schwan6,847,1957,017,168−169,973
Thomas Curtis5,996,2756,929,426−933,151
Jill Granat5,089,3905,045,796+43,594

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Marcia SmithDirector2026-06-04A13,747$0$0Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-07-0719,01411 insiders, 72 accrual rows
Joshua KobzaChief Executive Officer2026-07-07A2,968.4900Derivative, Class A CommonForm 4 ↗
J. Patrick DoyleDirector2026-07-07A7,483.3600Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 75 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Marcia SmithDirector2026-06-04A13,747$0$0Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A62.0100Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A1,423.8900Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A156.6200Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A676.1400Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A569.5600Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A47.6400Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A2,968.4900Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A147.0400Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A38.800Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A508.9600Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A108.1500Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A20.0100Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A17.2600Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A35.4900Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A124.8500Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A66.8500Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A27.1200Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A19.5700Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A429.2500Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A190.1700Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A69.6400Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A572.5800Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A65.3300Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A6900Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A23.0900Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A254.4800Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A71.0100Derivative, Class A CommonForm 4 ↗
J. Patrick DoyleDirector2026-07-07A1,995.5600Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A64.1100Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A1,145.1600Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A135.9400Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A273.5400Derivative, Class A CommonForm 4 ↗
Joshua KobzaChief Executive Officer2026-07-07A1,495.8700Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A84.1100Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A100.6200Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A4.4600Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A19.3800Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A24.1900Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A70.1200Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A318.100Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A68.200Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A22.0200Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A69.900Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A121.0200Derivative, Class A CommonForm 4 ↗
J. Patrick DoyleDirector2026-07-07A7,483.3600Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A50.7200Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A306.1300Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A569.5600Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A793.4500Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A128.9900Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A274.0700Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A142.5600Derivative, Class A CommonForm 4 ↗
Axel SchwanPres., Tim Hortons US & Canada2026-07-07A64.0700Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A377.2200Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A520.300Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A46.0600Derivative, Class A CommonForm 4 ↗
Peter PerduePresident, Popeyes-US & Canada2026-07-07A260.1500Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A21.9800Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A22.4700Derivative, Class A CommonForm 4 ↗
Jeffrey HousmanSee Remarks2026-07-07A325.1800Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A30.7200Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A45.5500Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A169.0900Derivative, Class A CommonForm 4 ↗
Jill GranatSee Remarks2026-07-07A391.5700Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A43.6300Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A213.500Derivative, Class A CommonForm 4 ↗
Thomas CurtisPres., BK US & CA2026-07-07A520.300Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A156.9900Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A445.3400Derivative, Class A CommonForm 4 ↗
Sami SiddiquiChief Financial Officer2026-07-07A640.7400Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A49.6600Derivative, Class A CommonForm 4 ↗
Thiago T. SantelmoPresident, International2026-07-07A370.2100Derivative, Class A CommonForm 4 ↗
Duncan FultonChief Corporate Officer2026-07-07A194.9700Derivative, Class A CommonForm 4 ↗
Jacqueline FriesnerSee Remarks2026-07-07A31.6700Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Sami SiddiquiRSU2025-02-2810,040$654,508
Axel SchwanPSU2025-02-2830,67961,35992,0384,266,793
Jill GranatRSU2025-02-289,796638,601
Thomas CurtisRSU2025-02-289,384611,743
Sami SiddiquiPSU2025-02-2834,51469,028103,5424,800,081
Jill GranatPSU2025-02-2821,09242,18463,2762,933,398
Thomas CurtisPSU2025-02-2830,67961,35992,0384,266,793
Joshua KobzaRSU2025-02-2819,5271,272,965
Sami SiddiquiPSU2025-05-1536,75373,507147,0146,088,585
Axel SchwanRSU2025-02-2812,082787,626
Joshua KobzaPSU2025-02-2876,698153,397230,09510,666,947
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Sami Siddiqui$654,508$10,888,666$094.3%
Axel Schwan787,6264,266,793084.4%
Jill Granat638,6012,933,398082.1%
Thomas Curtis611,7434,266,793087.5%
Joshua Kobza1,272,96510,666,947089.3%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Sami SiddiquiRSU70,928$4,839,433
Joshua KobzaOption200,00056.92
Sami SiddiquiRSU32,6352,226,681
Jill GranatRSU29,3712,004,013
Joshua KobzaRSU16,2761,110,537
Joshua KobzaRSU15,0481,026,735
Jill GranatRSU7,762529,624
Sami SiddiquiRSU7,737527,915
Jill GranatRSU7,549515,085
Axel SchwanOption56,00066.31
Sami SiddiquiOption20,00066.31
Thomas CurtisRSU2,488169,724
Jill GranatRSU43,3452,957,447
Joshua KobzaRSU7,097484,210
Sami SiddiquiRSU2,437166,286
Axel SchwanRSU4,295293,037
Sami SiddiquiRSU7,400504,921
Jill GranatOption25,00066.31
Jill GranatOption50,00056.92
Axel SchwanOption40,00058.44
Joshua KobzaRSU157,62010,754,396
Joshua KobzaRSU328,60322,420,588
Joshua KobzaRSU126,7668,649,225
Thomas CurtisPSU126,4308,626,348
Sami SiddiquiRSU74,8465,106,762
Thomas CurtisRSU63,0484,301,772
Axel SchwanRSU63,0484,301,772
Axel SchwanRSU56,3403,844,068
Axel SchwanRSU65,2704,453,362
Thomas CurtisRSU63,3824,324,576
Thomas CurtisRSU56,5913,861,165
Sami SiddiquiRSU49,2973,363,559
Jill GranatRSU35,2122,402,542
Thomas CurtisRSU39,1622,672,017
Sami SiddiquiOption80,00055.55
Axel SchwanRSU9,310635,251
Thomas CurtisRSU7,709526,002
Thomas CurtisRSU7,232493,422
Axel SchwanRSU7,092483,913
Jill GranatRSU3,929268,075
Axel SchwanOption30,00064.75
05

Incentive-plan design — the Compensation Discussion & Analysis

Our compensation philosophy is rooted in our values of ownership and meritocracy and aligns with our shareholders interest in long-term value creation: Talent: attracting and retaining top talent around the globe; Performance: connecting executive outcomes directly to company performance; Wealth Creation: tying wealth creation to significant, long-term equity ownership; and Risk Management: mitigating compensation-related retention risk.

CEO STI target (% of salary)200%
CEO LTI target (% of salary)
Independent consultantFrederic W. Cook & Co., Inc.
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-03387,547,8259,993,041104,27697.49%Passed
20252025-06-03384,670,4819,993,8271,293,68397.47%Passed
20242024-06-06358,229,41238,094,581127,31890.39%Passed
20232023-05-23289,628,22098,927,166121,91874.54%Passed
20222022-06-15373,633,0139,521,3041,023,10097.52%Passed
20212021-06-16389,243,7885,669,045193,44098.56%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0397.49%a
20252025-06-0397.47%b
20242024-06-0690.39%c

a. Voting standard not stated in the filing.

b. Voting standard not stated in the filing.

c. Voting standard not stated in the filing.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)1,369 : 1
CEO total compensation$15,159,780
Median employee compensation$11,075
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Ali HedayatIndependent · Lead Independent Director · Audit (Chair) · Nominating/Governance · Conflicts (Chair)$0$200,000$0$0$0$200,000
Jason MelbourneIndependent · Audit · Compensation · Conflicts0160,000000160,000
Maximilien de Limburg StirumIndependent · Audit · Conflicts0140,000000140,000
Alexandre BehringIndependent · Compensation (Chair) · Nominating/Governance (Chair)0140,000000140,000
Thecla SweeneyIndependent · Nominating/Governance0120,000000120,000
Cristina FarjallatIndependent · Compensation0120,000000120,000
Jordana FribourgIndependent0100,000000100,000
Marc LemannIndependent0100,000000100,000
Daniel S. SchwartzIndependent0100,000000100,000
J. Patrick DoyleEmployee director · Board Chair00000
Marcia SmithIndependent · Partial-year service · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$50,000
Annual equity retainer$1,000,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)
Stock ownership guideline5x base annual cash retainer ($250,000)
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$0
Equity awards (grant-date value)$1,180,000
All other compensation$0
Total cost of the board$1,180,000

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Restaurant Brands International names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Restaurant Brands International.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Restaurants2026Ricardo Cardenas$1,325,000$25,879,154$2,380,093$4,107,501$34,815,979
2Las Vegas Sands Corp.2025Robert Goldstein3,000,00018,448,32906,480,00031,109,661
3Starbucks Corporation2025Brian Niccol1,599,99819,881,58501,971,00030,992,773
4Hilton Worldwide Holdings, Inc.2025Christopher Nassetta1,300,00017,324,7225,774,9612,974,11127,674,400
5Hyatt Hotels Corporation2025Mark Hoplamazian1,410,41720,478,7492,562,4902,056,50026,699,762
6Royal Caribbean Cruises Ltd.2025Jason Liberty1,396,15415,800,05705,129,60023,978,813
7Marriott International Inc.2025Anthony Capuano1,400,00112,010,6964,125,2054,526,83022,970,926
8Kellanova2023Steve Cahillane1,338,46210,995,9851,524,3182,829,60017,038,641
9Chipotle Mexican Grill, Inc.2025Scott Boatwright1,095,3857,800,0025,200,0071,155,00015,455,736
10Kimberly-Clark Corporation2025Michael Hsu1,500,00011,499,98901,596,42415,320,405
11Restaurant Brands International2025Joshua Kobza950,00012,317,91201,869,27615,159,780
12Kraft Heinz Company2025Carlos Abrams-Rivera1,100,0008,102,60901,520,31010,748,810

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Restaurant Brands International98%not disclosedYes — Relative TSR vs S&P 500Frederic W. Cook & Co., Inc.
Chipotle Mexican Grill, Inc.53%PSU 60 · Options 20 · RSU 20NoMeridian Compensation Partners, LLC
Hilton Worldwide Holdings, Inc.114%PSU 50 · RSU 25 · Options 25NoExequity
Hyatt Hotels Corporation84%PSU 40 · SAR 30 · RSU 30NoKorn Ferry
Kellanova111%PSU 75 · RSU 25NoSemler Brossy Consulting Group
Kimberly-Clark Corporationnot disclosednot disclosednot disclosedSemler Brossy Consulting Group
Kraft Heinz Company46.07%PSU 70 · RSU 30Yes — 3-year average annual Company Total Shareholder Return (TSR) performance relative to the performance peer groupMeridian Compensation Partners LLC
Las Vegas Sands Corp.108%RSU 100not disclosedKorn Ferry
Marriott International Inc.162%PSU 50 · RSU 25 · Options 25NoPearl Meyer
Restaurants155%PSU 50 · Options 25 · RSU 25Yes — Relative TSRPearl Meyer
Royal Caribbean Cruises Ltd.183.2%PSU 51 · RSU 28NoMeridian
Starbucks Corporation54.8%PSU 60 · RSU 40NoPay Governance

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Joshua KobzaDEF 14A2026-04-230001193125-26-171760Section “2025 Summary Compensation Table”. As printed: 15,159,780. Filing ↗machine: r3 · c33 · span 809623–809633
2Section 01, Sami SiddiquiDEF 14A2026-04-230001193125-26-171760Section “2025 Summary Compensation Table”. As printed: 13,144,462. Filing ↗machine: r9 · c34 · span 816776–816786
3Section 01, Axel SchwanDEF 14A2026-04-230001193125-26-171760Section “2025 Summary Compensation Table”. As printed: 6,847,195. Filing ↗machine: r13 · c33 · span 822665–822674
4Section 01, Thomas CurtisDEF 14A2026-04-230001193125-26-171760Section “2025 Summary Compensation Table”. As printed: 5,996,275. Filing ↗machine: r17 · c34 · span 829376–829385
5Section 01, Jill GranatDEF 14A2026-04-230001193125-26-171760Section “2025 Summary Compensation Table”. As printed: 5,089,390. Filing ↗machine: r21 · c34 · span 835539–835548
6Section 03, Sami Siddiqui RSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r10 · c43 · span 903119–903125
7Section 03, Axel Schwan PSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r12 · c33 · span 908385–908391
8Section 03, Jill Granat RSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r20 · c43 · span 929600–929605
9Section 03, Thomas Curtis RSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r17 · c43 · span 920902–920907
10Section 03, Sami Siddiqui PSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r8 · c33 · span 896941–896947
11Section 03, Jill Granat PSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r19 · c33 · span 926162–926168
12Section 03, Thomas Curtis PSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r16 · c33 · span 917489–917495
13Section 03, Joshua Kobza RSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r5 · c43 · span 891266–891272
14Section 03, Sami Siddiqui PSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r9 · c33 · span 899705–899711
15Section 03, Axel Schwan RSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r13 · c43 · span 911816–911822
16Section 03, Joshua Kobza PSUDEF 14A2026-04-230001193125-26-171760Section “2025 Grants of Plan-Based Awards Table” · grants of plan-based awards table. Filing ↗machine: t206 · r4 · c33 · span 887832–887839
17Section 07, pay ratioDEF 14A2026-04-230001193125-26-171760Section “CEO Pay Ratio”. As printed: 1369 : 1. Filing ↗machine: span 1447785–1447791
18Section 08, Ali HedayatDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 200,000. Filing ↗machine: t127 · r13 · c7 · span 552854–552861
19Section 08, Jason MelbourneDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 160,000. Filing ↗machine: t127 · r17 · c7 · span 555604–555611
20Section 08, Maximilien de Limburg StirumDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 140,000. Filing ↗machine: t127 · r5 · c7 · span 547198–547205
21Section 08, Alexandre BehringDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 140,000. Filing ↗machine: t127 · r3 · c7 · span 545833–545840
22Section 08, Thecla SweeneyDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 120,000. Filing ↗machine: t127 · r21 · c7 · span 558357–558364
23Section 08, Cristina FarjallatDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 120,000. Filing ↗machine: t127 · r9 · c7 · span 550103–550110
24Section 08, Jordana FribourgDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 100,000. Filing ↗machine: t127 · r11 · c7 · span 551506–551513
25Section 08, Marc LemannDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 100,000. Filing ↗machine: t127 · r15 · c7 · span 554252–554259
26Section 08, Daniel S. SchwartzDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 100,000. Filing ↗machine: r19 · c7 · span 557006–557013
27Section 08, J. Patrick DoyleDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 0. Filing ↗machine: t127 · r7 · c11 · span 549028–549035
28Section 08, Marcia SmithDEF 14A2026-04-230001193125-26-171760Section “Director Compensation”. As printed: 0. Filing ↗
29Section 02, Marcia Smith 2026-06-04Form 42026-06-080002137948-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, J. Patrick Doyle 2026-07-07Form 42026-07-090001337160-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Joshua Kobza 2026-07-07Form 42026-07-090001574771-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, J. Patrick Doyle 2026-07-07Form 42026-07-090001337160-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Axel Schwan 2026-07-07Form 42026-07-090001594977-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Peter Perdue 2026-07-07Form 42026-07-090002096961-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Jeffrey Housman 2026-07-07Form 42026-07-090001908101-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Jill Granat 2026-07-07Form 42026-07-090001552022-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Thomas Curtis 2026-07-07Form 42026-07-090001804729-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Sami Siddiqui 2026-07-07Form 42026-07-090001829353-26-000019Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Thiago T. Santelmo 2026-07-07Form 42026-07-090002015936-26-000023Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Duncan Fulton 2026-07-07Form 42026-07-090001908102-26-000017Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Jacqueline Friesner 2026-07-07Form 42026-07-090001552051-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
104Section 06, 2026 voteForm 8-K2026-06-030001618756-26-000037Item 5.07 · say-on-pay result. As reported: 97.49% (votes for as printed: 387,547,825). Filing ↗
105Section 06, 2025 voteForm 8-K2025-06-030001618756-25-000249Item 5.07 · say-on-pay result. As reported: 97.47% (votes for as printed: 384,670,481). Filing ↗
106Section 06, 2024 voteForm 8-K2024-06-060001618756-24-000094Item 5.07 · say-on-pay result. As reported: 90.39% (votes for as printed: 358,229,412). Filing ↗
107Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
108Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
109Section 09b board cost (computed)ComputedcomputedCash 0 + equity 1,180,000 + all other 0 = 1,180,000, summed across the director compensation table rows.machine: formula: Σ = 1,180,000
110Restaurants, Section 10b CEO totalDEF 14A2026-08-100001193125-26-342023CEO total compensation as printed in Restaurants's own proxy. As printed: 34,815,979. Filing ↗machine: r4 · c18 · span 1947073–1947083
111Las Vegas Sands Corp., Section 10b CEO totalDEF 14A2026-04-010001300514-26-000031CEO total compensation as printed in Las Vegas Sands Corp.'s own proxy. As printed: 31,109,661. Filing ↗
112Starbucks Corporation, Section 10b CEO totalDEF 14A2026-01-260001213900-26-007780CEO total compensation as printed in Starbucks Corporation's own proxy. As printed: 30,992,773. Filing ↗machine: span 2373800–2373810
113Hilton Worldwide Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-020001585689-26-000023CEO total compensation as printed in Hilton Worldwide Holdings, Inc.'s own proxy. As printed: 27,674,400. Filing ↗machine: r2 · c27 · span 712793–712804
114Hyatt Hotels Corporation, Section 10b CEO totalDEF 14A2026-04-020001104659-26-038759CEO total compensation as printed in Hyatt Hotels Corporation's own proxy. As printed: 26,699,762. Filing ↗machine: span 775055–775065
115Royal Caribbean Cruises Ltd., Section 10b CEO totalDEF 14A2026-04-170000884887-26-000017CEO total compensation as printed in Royal Caribbean Cruises Ltd.'s own proxy. As printed: 23,978,813. Filing ↗machine: r3 · c12 · span 2449115–2449125
116Marriott International Inc., Section 10b CEO totalDEF 14A2026-03-270001140361-26-011590CEO total compensation as printed in Marriott International Inc.'s own proxy. As printed: 22,970,926. Filing ↗machine: r2 · c28 · span 1165120–1165130
117Kellanova, Section 10b CEO totalDEF 14A2024-03-040000055067-24-000010CEO total compensation as printed in Kellanova's own proxy. As printed: 17,038,641. Filing ↗machine: r2 · c33 · span 884851–884861
118Chipotle Mexican Grill, Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017294CEO total compensation as printed in Chipotle Mexican Grill, Inc.'s own proxy. As printed: 15,455,736. Filing ↗machine: r2 · c22 · span 1337747–1337758
119Kimberly-Clark Corporation, Section 10b CEO totalDEF 14A2026-03-230001628280-26-020404CEO total compensation as printed in Kimberly-Clark Corporation's own proxy. As printed: 15,320,405. Filing ↗machine: r2 · c21 · span 1086894–1086904
120Restaurant Brands International (subject), Section 10b CEO totalDEF 14A2026-04-230001193125-26-171760CEO total compensation as printed in Restaurant Brands International's own proxy. As printed: 15,159,780. Filing ↗machine: r3 · c33 · span 809623–809633
121Kraft Heinz Company, Section 10b CEO totalDEF 14A2026-04-030001193125-26-141397CEO total compensation as printed in Kraft Heinz Company's own proxy. As printed: 10,748,810. Filing ↗machine: r3 · c18 · span 3154939–3154949
122Section 10a, Marriott International Inc. reciprocityDEF 14A0001140361-26-011590Marriott International Inc.'s most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗
123Section 10a, Kraft Heinz Company reciprocityDEF 14A0001193125-26-141397Kraft Heinz Company's most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗
124Section 10a, Chipotle Mexican Grill, Inc. reciprocityDEF 14A0001140361-26-017294Chipotle Mexican Grill, Inc. names Restaurant Brands International in its own disclosed peer group (read from its most recent proxy). Filing ↗
125Section 10a, Las Vegas Sands Corp. reciprocityDEF 14A0001300514-26-000031Las Vegas Sands Corp.'s most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗
126Section 10a, Restaurants reciprocityDEF 14A0000950170-25-101699Restaurants names Restaurant Brands International in its own disclosed peer group (read from its most recent proxy). Filing ↗
127Section 10a, Royal Caribbean Cruises Ltd. reciprocityDEF 14A0000884887-26-000017Royal Caribbean Cruises Ltd.'s most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗
128Section 10a, Kellanova reciprocityDEF 14A0000055067-24-000010Kellanova's most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗
129Section 10a, Starbucks Corporation reciprocityDEF 14A0001213900-26-007780Starbucks Corporation's most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗
130Section 10a, Hyatt Hotels Corporation reciprocityDEF 14A0001104659-26-038759Hyatt Hotels Corporation's most recent proxy was read; its disclosed peer group does not include Restaurant Brands International. Filing ↗