Axel Schwan - Dec 15, 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Dec 15, 2023
Transactions value $
-$158,443
Form type
4
Date filed
12/19/2023, 05:34 PM
Previous filing
Oct 6, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +4.02K +3.78% $0.00 110K Dec 15, 2023 Direct
transaction QSR Common Shares Sale -$158K -2.15K -1.95% $73.68 108K Dec 15, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction QSR Restricted Share Units Options Exercise $0 -4.02K -25% $0.00 12K Dec 15, 2023 Common Shares 4.02K Direct F2, F3
holding QSR Option (Right to Buy) 40K Dec 15, 2023 Common Shares 40K $58.44 Direct F4
holding QSR Option (Right to Buy) 30K Dec 15, 2023 Common Shares 30K $64.75 Direct
holding QSR Restricted Share Units 6.35K Dec 15, 2023 Common Shares 6.35K Direct F2, F5
holding QSR Option (Right to Buy) 56K Dec 15, 2023 Common Shares 56K $66.31 Direct
holding QSR Restricted Share Units 3.11K Dec 15, 2023 Common Shares 3.11K Direct F2, F6
holding QSR Performance Share Units 45.9K Dec 15, 2023 Common Shares 45.9K Direct F7
holding QSR Restricted Share Units 4.84K Dec 15, 2023 Common Shares 4.84K Direct F2, F8
holding QSR Restricted Share Units 4.32K Dec 15, 2023 Common Shares 4.32K Direct F2, F9
holding QSR Performance Share Units 29.5K Dec 15, 2023 Common Shares 29.5K Direct F10
holding QSR Restricted Share Units 11.1K Dec 15, 2023 Common Shares 11.1K Direct F2, F11
holding QSR Performance Share Units 42K Dec 15, 2023 Common Shares 42K Direct F12
holding QSR Performance Share Units 75.6K Dec 15, 2023 Common Shares 75.6K Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's restricted share units.
F2 Each restricted share unit represents a contingent right to receive one common share.
F3 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F4 These options are fully vested and exercisable.
F5 These restricted share units vest on December 31, 2023.
F6 These restricted share units vest on December 31, 2024.
F7 The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025, which is the fifth anniversary of the grant date.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10 The shares reported represent an award of performance based restricted share untes ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on February 19, 2024. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
F11 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F12 The shares reported represent an award of performance based restricted share units ("2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest on February 25, 2025. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.
F13 The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 2026. The number of common shares that will be earned at the end of the performance period is subject to increase or decrease based on the results of the performance condition.