Sami A. Siddiqui - 17 Jun 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Brand Pres., Popeyes, Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami A. Siddiqui
Issuer symbol
QSR
Transactions as of
17 Jun 2021
Net transactions value
-$707,335
Form type
4
Filing time
22 Jun 2021, 17:48:55 UTC
Next filing
09 Jul 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale $707,335 -10,290 -6.1% $68.74 157,779 17 Jun 2021 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
holding QSR Option (Right to Buy) 80,000 17 Jun 2021 Common Shares 80,000 $55.55 Direct
holding QSR Option (Right to Buy) 20,000 17 Jun 2021 Common Shares 20,000 $66.31 Direct
holding QSR Restricted Share Units 8,794 17 Jun 2021 Common Shares 8,794 Direct F2, F3
holding QSR Restricted Share Units 6,200 17 Jun 2021 Common Shares 6,200 Direct F2, F4
holding QSR Restricted Share Units 7,530 17 Jun 2021 Common Shares 7,530 Direct F2, F5
holding QSR Performance Share Units 54,135 17 Jun 2021 Common Shares 54,135 Direct F6
holding QSR Performance Share Units 21,024 17 Jun 2021 Common Shares 21,024 Direct F7
holding QSR Performance Share Units 20,338 17 Jun 2021 Common Shares 20,338 Direct F8
holding QSR Restricted Share Units 13,307 17 Jun 2021 Common Shares 13,307 Direct F2, F9
holding QSR Restricted Share Units 10,356 17 Jun 2021 Common Shares 10,356 Direct F2, F10
holding QSR Performance Share Units 27,017 17 Jun 2021 Common Shares 27,017 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $68.41 to $69.02 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 Each restricted share unit represents a contingent right to receive one common share.
F3 These restricted share units vest on December 31, 2021.
F4 These restricted share units vest on December 31, 2023.
F5 These restricted share units vest on December 31, 2024.
F6 The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2024, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.
F7 The shares reported represent an award of performance based restricted share units (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2025, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.
F8 The shares reported represent an award of performance based restricted share units ("2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F11 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, 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.