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

Role
Brand Pres., Popeyes, Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami Siddiqui
Stock symbol
QSR
Transactions as of
Dec 15, 2023
Transactions value $
-$66,106
Form type
4
Date filed
12/19/2023, 05:37 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 +2.28K +19.58% $0.00 13.9K Dec 15, 2023 Direct
transaction QSR Common Shares Sale -$66.1K -897 -6.44% $73.68 13K Dec 15, 2023 Direct F1
holding QSR Common Shares 117K Dec 15, 2023 By Trust F2

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 -2.28K -25.01% $0.00 6.84K Dec 15, 2023 Common Shares 2.28K Direct F3, F4
holding QSR Option (Right to Buy) 80K Dec 15, 2023 Common Shares 80K $55.55 Direct F5
holding QSR Option (Right to Buy) 20K Dec 15, 2023 Common Shares 20K $66.31 Direct
holding QSR Restricted Share Units 6.76K Dec 15, 2023 Common Shares 6.76K Direct F3, F6
holding QSR Restricted Share Units 8.22K Dec 15, 2023 Common Shares 8.22K Direct F3, F7
holding QSR Performance Share Units 59.1K Dec 15, 2023 Common Shares 59.1K Direct F8
holding QSR Performance Share Units 22.9K Dec 15, 2023 Common Shares 22.9K Direct F9
holding QSR Performance Share Units 22.2K Dec 15, 2023 Common Shares 22.2K Direct F10
holding QSR Restricted Share Units 4.84K Dec 15, 2023 Common Shares 4.84K Direct F3, F11
holding QSR Restricted Share Units 5.65K Dec 15, 2023 Common Shares 5.65K Direct F3, F12
holding QSR Performance Share Units 29.5K Dec 15, 2023 Common Shares 29.5K Direct F13
holding QSR Restricted Share Units 6.91K Dec 15, 2023 Common Shares 6.91K Direct F3, F14
holding QSR Performance Share Units 42K Dec 15, 2023 Common Shares 42K Direct F15
holding QSR Performance Share Units 37.8K Dec 15, 2023 Common Shares 37.8K Direct F16
* 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 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F5 These options are fully vested and exercisable.
F6 These restricted share units vest on December 31, 2023.
F7 These restricted share units vest on December 31, 2024.
F8 The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 22, 2024, which is the fifth anniversary of the grant date.
F9 The shares reported represent an award of performance based restricted share units (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 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.
F10 The shares reported represent an award of performance based restricted share units (the "2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F12 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F13 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.
F14 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F15 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.
F16 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.