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

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jeffrey Housman
Stock symbol
QSR
Transactions as of
Jan 4, 2024
Transactions value $
-$456,709
Form type
4
Date filed
1/8/2024, 07:30 PM
Previous filing
Jan 3, 2024
Next filing
Feb 28, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Award $0 +107 +0.14% $0.00 75.9K Jan 4, 2024 Direct F1
transaction QSR Common Shares Sale -$457K -5.97K -7.86% $76.55 70K 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 Performance Share Units Award $0 +255 +0.72% $0.00 35.7K Jan 4, 2024 Common Shares 255 Direct F3, F4
transaction QSR Restricted Share Units Award $0 +20.3 +0.72% $0.00 2.84K Jan 4, 2024 Common Shares 20.3 Direct F5, F6, F7
transaction QSR Performance Share Units Award $0 +165 +0.72% $0.00 23.1K Jan 4, 2024 Common Shares 165 Direct F4, F8
transaction QSR Restricted Share Units Award $0 +49.5 +0.72% $0.00 6.92K Jan 4, 2024 Common Shares 49.5 Direct F5, F6, F9
transaction QSR Restricted Share Units Award $0 +8.64 +0.72% $0.00 1.21K Jan 4, 2024 Common Shares 8.64 Direct F5, F6, F9
transaction QSR Restricted Share Units Award $0 +45.5 +0.72% $0.00 6.36K Jan 4, 2024 Common Shares 45.5 Direct F5, F6, F10
transaction QSR Performance Share Units Award $0 +189 +0.72% $0.00 26.4K Jan 4, 2024 Common Shares 189 Direct F4, F11
transaction QSR Restricted Share Units Award $0 +51.6 +0.72% $0.00 7.22K Jan 4, 2024 Common Shares 51.6 Direct F5, F12
transaction QSR Performance Share Units Award $0 +163 +0.72% $0.00 22.8K Jan 4, 2024 Common Shares 163 Direct F4, F13
holding QSR Exchangeable Units 431 Jan 4, 2024 Common Shares 431 Direct F14
holding QSR Option (Right to Buy) 30K Jan 4, 2024 Common Shares 30K $42.26 Direct F15
holding QSR Option (Right to Buy) 20K Jan 4, 2024 Common Shares 20K $55.55 Direct F15
holding QSR Option (Right to Buy) 30K Jan 4, 2024 Common Shares 30K $58.44 Direct F15
holding QSR Option (Right to Buy) 20K Jan 4, 2024 Common Shares 20K $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 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.
F4 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.
F5 Each restricted share unit represents a contingent right to receive one common share.
F6 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.
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, December 31, 2023 and December 31, 2024.
F10 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F11 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.
F12 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F13 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.
F14 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.
F15 These options are fully vested and exercisable.

Remarks:

Chief People & Services Officer