Oh yeah, the old "meets and exceeds", which has become a running joke around here for good reason.
From the QS Euro 5w-40 spec PDF:
View attachment 57746
Then from the Quaker State website:
View attachment 57747
Yeah, I thought so. Like all the other 0W-40 and 5W-40 Euro oils, it's API SN only.
It's your vehicle, use what you want in it. I wouldn't use it in mine, but that's my choice I just gave you my opinion., nothing more. If 10W-30 makes you happy, use it.
[Edit]
If you're so concerned with VI, then there isn't much that beats Red Line Oil 5W-30. It's as good as they come, however, it's not a long OCI oil.