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

Role
Chief Corporate Officer
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Duncan Fulton
Stock symbol
QSR
Transactions as of
Dec 15, 2023
Transactions value $
-$89,216
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 +17.15% $0.00 15.5K Dec 15, 2023 Direct
transaction QSR Common Shares Sale -$89.2K -1.22K -7.84% $73.23 14.3K Dec 15, 2023 Direct F1, 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% $0.00 6.83K Dec 15, 2023 Common Shares 2.28K Direct F3, F4
holding QSR Option (Right to Buy) 60K Dec 15, 2023 Common Shares 60K $63.64 Direct F5
holding QSR Option (Right to Buy) 15K Dec 15, 2023 Common Shares 15K $66.31 Direct
holding QSR Restricted Share Units 3.21K Dec 15, 2023 Common Shares 3.21K Direct F3, F6
holding QSR Restricted Share Units 3.02K Dec 15, 2023 Common Shares 3.02K Direct F3, F7
holding QSR Performance Share Units 59.1K Dec 15, 2023 Common Shares 59.1K Direct F8
holding QSR Performance Share Units 28.7K Dec 15, 2023 Common Shares 28.7K Direct F9
holding QSR Restricted Share Units 3.02K Dec 15, 2023 Common Shares 3.02K Direct F3, F10
holding QSR Restricted Share Units 3.68K Dec 15, 2023 Common Shares 3.68K Direct F3, F11
holding QSR Performance Share Units 18.4K Dec 15, 2023 Common Shares 18.4K Direct F12
holding QSR Restricted Share Units 8.96K Dec 15, 2023 Common Shares 8.96K Direct F3, F13
holding QSR Performance Share Units 26K Dec 15, 2023 Common Shares 26K Direct F14
holding QSR Performance Share Units 22.3K Dec 15, 2023 Common Shares 22.3K Direct F15
* 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 The reported shares were sold in Canadian dollars at a price of CAD$97.97 per share. The purchase price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date.
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 ("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.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12 The shares reported represent an award of performance based restricted share units ("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.
F13 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F14 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.
F15 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.