Daniel S. Schwartz - Dec 29, 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Director
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Daniel S. Schwartz
Stock symbol
QSR
Transactions as of
Dec 29, 2023
Transactions value $
$0
Form type
4
Date filed
1/3/2024, 05:30 PM
Previous filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Award $0 +1.28K +15.99% $0.00 9.29K Dec 29, 2023 Direct F1
holding QSR Common Shares 529K Dec 29, 2023 By LLC F2
holding QSR Common Shares 855K Dec 29, 2023 By LLC F3

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 Exchangeable Units 14.3K Dec 29, 2023 Common Shares 14.3K By LLC F2, F4
holding QSR Exchangeable Units 124K Dec 29, 2023 Common Shares 124K BY LLC F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents restricted share units that are earned and vested upon grant and that settle following termination of board service.
F2 The securities are held by Miami Restaurant Holdings LLC. The Reporting Person holds all voting and dispositive power for these securities. The Reporting Person disclaims beneficial ownership of the securities held by Miami Restaurant Holdings LLC except to the extent of his pecuniary interest therein.
F3 The securities are held by Ameco Food Holdings LLC. The Reporting Person holds all voting and dispositive power for these securities. The Reporting Person disclaims ownership of the securities held by Ameco Food Holdings LLC except to the extent of his pecuniary interest therein.
F4 Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.