RESTAURANT ASSOCIATION METROPOLITAN WASHINGTON

egate dividends declared on common shares during the period from the date of grant of the award compounded until the date the shares underlying the award are delivered. RBI grants fully vested RSUs, with dividend equivalent rights that accrue in cash, to non-employee members of its board of directors in lieu of a cash retainer and committee fees. All such RSUs will settle and common shares of RBI will be issued following termination of service by the board member. Grants of time-vested RSUs generally vest 25 % per year on December 15 th or 31 st over four years from the grant date and performance-based RSUs generally cliff vest three years from the grant date (the starting date for the applicable vesting period is referred to as the “Anniversary Date”). During 2022, RBI granted performance

corporate funding of marketing programs. Tim Hortons advertising expenses also include costs related to the sale of CPG products, which are funded by us; and • segment general and administrative expenses (“Segment G&A”), comprised primarily of salary and employee-related costs for non-restaurant employees, professional fees, information technology systems, general overhead for our corporate offices, share-based compensation and non-cash incentive compensation expense, and depreciation and amortization. 28 Table of Contents Key Operating Metrics Key performance indicators (“KPIs”) are shown for RBI's five franchisor segments. The KPIs for the Carrols Burger King restaurants are included in the BK segment, and the KPIs for the PLK China, BK China, and FHS Brazil restaurants are included in t

s. ​ Participant Accounts ​ Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s voluntary contribution, any Company matching contribution, any discretionary profit-sharing contribution, and Plan earnings, and is charged for withdrawals, administrative expenses, and any allocation of Plan losses. Allocations are based on participant earnings, deferrals, account balances, or specific participant transactions as defined in the Plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. ​ Employee Contributions ​ Participants may contribute on a pre-tax and after-tax basis 1 % to 90 % of annual compensation subject to annual limitations set forth

ipants who are invested in Employer securities to elect to receive a distribution from their account in shares of Employer securities instead of cash. ​ Vesting ​ Participants are fully vested in their employee contributions, including “rollovers”, plus actual earnings thereon. Vesting in the Company’s contributions and earnings thereon is based on years of service and is determined as follows: ​ Number of Years of Service Vested Percentage ​ ​ 0 - 1 0 % 1 - 2 33⅓% 2 - 3 66⅔% 3 or more 100 % ​ Forfeitures ​ Forfeitures of non-vested accounts are used to reduce future Company contributions and/or to pay Plan expenses. For the year ended December 31, 2025 , the Plan used $ 80,479 of accumulated unapplied forfeitures to reduce Company contributions and $ 19,851 to pay Plan expenses. The unapp

ing rollover distributions from other qualified defined benefit or defined contribution plans. Additional voluntary contributions are not permitted. ​ Newly eligible employees are automatically enrolled in the Plan with a 6 % deferral rate unless they affirmatively elect not to participate in the Plan or elect a different deferral percentage and are invested in a designated fund until changed by the participant. 6 Metropolitan Commercial Bank 401(k) Plan ​ ​ Notes to Financial Statements ​ ​ 1. Description of the Plan (cont.) ​ Employer Contributions ​ The Company may make a discretionary matching contribution. Currently, the Company is matching 50 % of the first 6 % of a participant’s pre-tax contributions to the Plan. In addition, the Company may make a discretionary profit-sharing contr

able from participants ​ ​ ​ 51,429 ​ ​ ​ ​ ​ Total additions ​ ​ ​ 12,032,818 ​ ​ ​ ​ ​ DEDUCTIONS FROM NET ASSETS ​ ​ ​ ​ ​ ​ ​ ​ ​ Benefits paid to participants ​ ​ ​ 2,164,397 Administrative expenses ​ ​ ​ 35,014 ​ ​ ​ ​ ​ Total deductions ​ ​ ​ 2,199,411 ​ ​ ​ ​ ​ Net increase in net assets available for benefits ​ ​ ​ 9,833,407 ​ ​ ​ ​ ​ Net assets available for benefits, beginning of year ​ ​ ​ 33,848,117 ​ ​ ​ ​ ​ Net assets available for benefits, end of year ​ ​ $ 43,681,524 ​ ​ ​ ​ ​ See accompanying notes to the financial statements. ​ ​ 5 Metropolitan Commercial Bank 401(k) Plan ​ ​ Notes to Financial Statements ​ ​ 1. Description of the Plan ​ The following description of the Metropolitan Commercial Bank 401(k) Plan (the Plan) is provided only for general information. Partici