Matthew Dunnigan - 27 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
27 Dec 2023
Net transactions value
$0
Form type
4
Filing time
29 Dec 2023, 17:30:04 UTC
Previous filing
19 Dec 2023
Next filing
03 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Gift $0 -889 -2.1% $0.000000 40,763 27 Dec 2023 Direct F1
transaction QSR Common Shares Gift $0 -20,000 -49% $0.000000 20,763 28 Dec 2023 Direct F2
transaction QSR Common Shares Gift $0 +20,000 $0.000000 20,000 28 Dec 2023 By Spouse 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
holding QSR Option (Right to Buy) 40,000 27 Dec 2023 Common Shares 40,000 $55.55 Direct F3
holding QSR Option (Right to Buy) 40,000 27 Dec 2023 Common Shares 40,000 $56.92 Direct F3
holding QSR Option (Right to Buy) 100,000 27 Dec 2023 Common Shares 100,000 $58.44 Direct F3
holding QSR Restricted Share Unit 7,679 27 Dec 2023 Common Shares 7,679 Direct F4, F5
holding QSR Performance Share Units 118,141 27 Dec 2023 Common Shares 118,141 Direct F6
holding QSR Option (Right to Buy) 50,000 27 Dec 2023 Common Shares 50,000 $66.31 Direct
holding QSR Restricted Share Units 8,471 27 Dec 2023 Common Shares 8,471 Direct F4, F7
holding QSR Performance Share Units 57,352 27 Dec 2023 Common Shares 57,352 Direct F8
holding QSR Restricted Share Units 6,050 27 Dec 2023 Common Shares 6,050 Direct F4, F9
holding QSR Restricted Share Units 5,481 27 Dec 2023 Common Shares 5,481 Direct F4, F10
holding QSR Performance Share Units 36,850 27 Dec 2023 Common Shares 36,850 Direct F11
holding QSR Restricted Share Units 12,615 27 Dec 2023 Common Shares 12,615 Direct F4, F12
holding QSR Performance Share Units 52,497 27 Dec 2023 Common Shares 52,497 Direct F13
holding QSR Restricted Share Units 11,171 27 Dec 2023 Common Shares 11,171 Direct F4, F14
holding QSR Performance Share Units 37,796 27 Dec 2023 Common Shares 37,796 Direct F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person gifted these shares to a 501(c)(3) charitable fund in an exempt transaction pursuant to Rule 16b-5 under Securities Exchange Act.
F2 The Reporting Person gifted these shares to his spouse in an exempt transaction pursuant to Rule 16b-5 under the Securities Exchange Act of 1934, as amended.
F3 These options are fully vested and exercisable.
F4 Each restricted share unit represents a contingent right to receive one common share.
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 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
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.