secwatch.observer — SEC 8-K summary
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Issuer:     Restaurant Brands International Inc. (QSR)
CIK:        0001618756
Form:       8-K
Filed at:   2022-11-16T23:59:59+00:00
Accession:  0001618756-22-000063
Event type: leadership
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1618756/000161875622000063/0001618756-22-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1618756/000161875622000063/qsr-20221115.htm
  HTML page:      https://secwatch.observer/filing/0001618756-22-000063

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