Axel Schwan - Jan 4, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Jan 4, 2024
Transactions value $
-$704,829
Form type
4
Date filed
1/8/2024, 07:30 PM
Previous filing
Jan 3, 2024
Next filing
Feb 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Award $0 +123 +0.1% $0.00 125K Jan 4, 2024 Direct F1
transaction QSR Common Shares Sale -$705K -9.21K -7.35% $76.55 116K Jan 5, 2024 Direct 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 Award $0 +22.4 +0.72% $0.00 3.14K Jan 4, 2024 Common Shares 22.4 Direct F3, F4, F5
transaction QSR Performance Share Units Award $0 +330 +0.72% $0.00 46.2K Jan 4, 2024 Common Shares 330 Direct F6, F7, F8
transaction QSR Restricted Share Units Award $0 +15.5 +0.72% $0.00 2.17K Jan 4, 2024 Common Shares 15.5 Direct F3, F4, F9
transaction QSR Performance Share Units Award $0 +212 +0.72% $0.00 29.7K Jan 4, 2024 Common Shares 212 Direct F7, F10
transaction QSR Restricted Share Units Award $0 +53.3 +0.72% $0.00 7.45K Jan 4, 2024 Common Shares 53.3 Direct F3, F4, F11
transaction QSR Performance Share Units Award $0 +302 +0.72% $0.00 42.3K Jan 4, 2024 Common Shares 302 Direct F7, F12
transaction QSR Restricted Share Units Award $0 +86.7 +0.72% $0.00 12.1K Jan 4, 2024 Common Shares 86.7 Direct F3, F4, F13
transaction QSR Performance Share Units Award $0 +544 +0.72% $0.00 76.1K Jan 4, 2024 Common Shares 544 Direct F7, F14
holding QSR Option (Right to Buy) 40K Jan 4, 2024 Common Shares 40K $58.44 Direct F15
holding QSR Option (Right to Buy) 30K Jan 4, 2024 Common Shares 30K $64.75 Direct
holding QSR Option (Right to Buy) 56K Jan 4, 2024 Common Shares 56K $66.31 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award.
F2 Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 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.
F5 These restricted share units vest on December 31, 2024.
F6 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.
F7 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.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10 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.
F11 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F12 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.
F13 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
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.
F15 These options are fully vested and exercisable.