---
schema_version: "secwatch.filing_event.v1"
accession: "0001618756-22-000063"
form_type: "8-K"
ticker: "QSR"
cik: "0001618756"
company_name: "Restaurant Brands International Inc."
filed_at: "2022-11-16T23:59:59+00:00"
generated_at: "2026-06-21T17:30:10.325621+00:00"
event_type: "leadership"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Patrick Doyle appointed Executive Chairman of RBI; buys $30M in stock, granted 3.25M options/RSUs/PSUs

## Summary
- Doyle appointed Executive Chairman effective Nov 16, 2022; to join Board in Jan 2023.
- Purchasing 500,000 common shares (~$30M) at avg NYSE close price; agrees to 5-yr hold.
- No base salary or annual bonus; receives one-time equity: 2M options (5yr vest, 10yr expiry), 500k RSUs (5yr ratable vest), 750k PSUs.
- PSUs vest based on share price: threshold $81.32 (6% CAGR), target $97.87 (10% CAGR), max $122.23 (15% CAGR) over 5 years.
- Doyle previously CEO of Domino's (2010-2018); system sales grew from $5.6B to $13B and ~$11B shareholder value created.

## SEC filing metadata
- accession: 0001618756-22-000063
- form_type: 8-K
- ticker: QSR
- cik: 0001618756
- company_name: Restaurant Brands International Inc.
- filed_at: 2022-11-16T23:59:59+00:00
- event_type: leadership
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1618756/000161875622000063/0001618756-22-000063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1618756/000161875622000063/qsr-20221115.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001618756-22-000063
- JSON: https://secwatch.observer/filing/0001618756-22-000063.json
- Plain text: https://secwatch.observer/filing/0001618756-22-000063.txt

## Key facts
- Executive change
  J. Patrick Doyle was appointed as Executive Chairman at Restaurant Brands International Inc..
  - Action: appointed
  - Role: Executive Chairman
  source text: On November 16, 2022, RBI announced that the Board of Directors of RBI appointed J. Patrick Doyle to become Executive Chairman of RBI.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875622000063/0001618756-22-000063-index.htm
- Material Agreements
  Restaurant Brands International Inc. entered into stock purchase agreement with Lodgepole 231 LLC valued at 500,000 common shares (effective 2022-11-15).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Lodgepole 231 LLC
  - Value: 500,000 common shares
  - Effective: 2022-11-15
  source text: On November 15, 2022, Restaurant Brands International Inc. (“RBI”) and Lodgepole 231 LLC, a Delaware limited liability company of which J. Patrick Doyle is the sole member, entered into a stock purchase agreement for the purchase of 500,000 common shares of RBI in a private placement at a price per share equal to the average closing price on the New York Stock Exchange for the five trading days preceding the agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1618756/000161875622000063/0001618756-22-000063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.