Key facts
- This page summarizes J. Patrick Doyle's Form 4 filing for Restaurant Brands International Inc. (QSR).
- 2 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 08 Jan 2024, 19:00.
J. Patrick Doyle - 04 Jan 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)
- Reporting relationship
- Executive Chairman, Director
- Issuer ticker
- QSR
- Reported as of
- 04 Jan 2024
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 08 Jan 2024, 19:00:06 UTC
- Prior SEC filing
- 24 Nov 2023
- Next SEC filing
- 08 Apr 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michele Keusch, as Attorney-in-Fact for J. Patrick Doyle
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
J. Patrick Doyle filed Form 4 for Restaurant Brands International Inc. (QSR) on 08 Jan 2024.
Change
- Previous filing in this sequence was filed on 24 Nov 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
QSR
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 62,503
- Date
- 04 Jan 2024
- Ownership
- Direct
QSR
holding
Common Shares
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 500,000
- Date
- 04 Jan 2024
- Ownership
- By LLC
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
QSR
transaction
Derivative
Restricted Share Units
Award
- Transaction value
- $0
- Shares
- +2,974
- Change %
- +0.72%
- Price
- $0.000000
- Shares after
- 416,117
- Date
- 04 Jan 2024
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 2,974
- Exercise price
- Footnotes
- F2, F3, F4
QSR
transaction
Derivative
Performance Share Units
Award
- Transaction value
- $0
- Shares
- +5,577
- Change %
- +0.72%
- Price
- $0.000000
- Shares after
- 780,219
- Date
- 04 Jan 2024
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 5,577
- Exercise price
- Footnotes
- F5, F6
QSR
holding
Derivative
Option (Right to Buy)
No transaction description listed
- Transaction value
- Shares
- Change %
- Price
- Shares after
- 2,000,000
- Date
- 04 Jan 2024
- Ownership
- Direct
- Underlying class
- Common Shares
- Underlying amount
- 2,000,000
- Exercise price
- $66.74
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein.
Footnote F2
Each restricted share unit represents a contingent right to receive one common share.
Footnote F3
Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
Footnote F4
These restricted share units vest in equal installments on November 21, 2023, November 21, 2024, November 21, 2025, November 21, 2026 and November 21, 2027.
Footnote F5
The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending March 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares.
Footnote F6
Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance baserd restricted share units to which they relate.