Matthew Dunnigan - 15 Dec 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
CFO
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Matthew Dunnigan
Issuer symbol
QSR
Transactions as of
15 Dec 2023
Net transactions value
-$107,755
Form type
4
Filing time
19 Dec 2023, 17:38:56 UTC
Previous filing
06 Oct 2023
Next filing
29 Dec 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +3,723 +9.5% $0.000000 43,114 15 Dec 2023 Direct
transaction QSR Common Shares Sale $107,755 -1,462 -3.4% $73.68 41,652 15 Dec 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 -3,723 -25% $0.000000 11,171 15 Dec 2023 Common Shares 3,723 Direct F2, F3
holding QSR Option (Right to Buy) 40,000 15 Dec 2023 Common Shares 40,000 $55.55 Direct F4
holding QSR Option (Right to Buy) 40,000 15 Dec 2023 Common Shares 40,000 $56.92 Direct F4
holding QSR Option (Right to Buy) 100,000 15 Dec 2023 Common Shares 100,000 $58.44 Direct F4
holding QSR Restricted Share Unit 7,679 15 Dec 2023 Common Shares 7,679 Direct F2, F5
holding QSR Performance Share Units 118,141 15 Dec 2023 Common Shares 118,141 Direct F6
holding QSR Option (Right to Buy) 50,000 15 Dec 2023 Common Shares 50,000 $66.31 Direct
holding QSR Restricted Share Units 8,471 15 Dec 2023 Common Shares 8,471 Direct F2, F7
holding QSR Performance Share Units 57,352 15 Dec 2023 Common Shares 57,352 Direct F8
holding QSR Restricted Share Units 6,050 15 Dec 2023 Common Shares 6,050 Direct F2, F9
holding QSR Restricted Share Units 5,481 15 Dec 2023 Common Shares 5,481 Direct F2, F10
holding QSR Performance Share Units 36,850 15 Dec 2023 Common Shares 36,850 Direct F11
holding QSR Restricted Share Units 12,615 15 Dec 2023 Common Shares 12,615 Direct F2, F12
holding QSR Performance Share Units 52,497 15 Dec 2023 Common Shares 52,497 Direct F13
holding QSR Performance Share Units 37,796 15 Dec 2023 Common Shares 37,796 Direct F14
* 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 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.
F7 These restricted share units vest on December 31, 2024.
F8 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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F11 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.
F12 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F13 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 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 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.