Axel Schwan - 19 Feb 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Issuer symbol
QSR
Transactions as of
19 Feb 2024
Net transactions value
-$1,212,096
Form type
4
Filing time
21 Feb 2024, 18:00:14 UTC
Previous filing
08 Jan 2024
Next filing
01 Mar 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 Options Exercise $0 +29,692 +26% $0.000000 145,822 19 Feb 2024 Direct
transaction QSR Common Shares Sale $1,212,096 -15,894 -11% $76.26 129,928 20 Feb 2024 Direct F1

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 Options Exercise $0 -29,692 -100% $0.000000* 0 19 Feb 2024 Common Shares 29,692 Direct F2
holding QSR Option (Right to Buy) 40,000 19 Feb 2024 Common Shares 40,000 $58.44 Direct F3
holding QSR Option (Right to Buy) 30,000 19 Feb 2024 Common Shares 30,000 $64.75 Direct
holding QSR Option (Right to Buy) 56,000 19 Feb 2024 Common Shares 56,000 $66.31 Direct
holding QSR Restricted Share Units 3,137 19 Feb 2024 Common Shares 3,137 Direct F4, F5
holding QSR Performance Share Units 46,212 19 Feb 2024 Common Shares 46,212 Direct F6
holding QSR Restricted Share Units 2,174 19 Feb 2024 Common Shares 2,174 Direct F4, F7
holding QSR Restricted Share Units 7,451 19 Feb 2024 Common Shares 7,451 Direct F4, F8
holding QSR Performance Share Units 42,299 19 Feb 2024 Common Shares 42,299 Direct F9
holding QSR Restricted Share Units 12,136 19 Feb 2024 Common Shares 12,136 Direct F4, F10
holding QSR Performance Share Units 76,136 19 Feb 2024 Common Shares 76,136 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units.
F2 The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2021 and to the extent earned will vest 100% on February 19, 2024.
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, 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 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F8 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 25, 2025.
F9 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, 2022 and to the extent earned will vest 100% 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.
F10 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F11 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.