Sami Siddiqui - Jun 17, 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
Stock symbol
QSR
Transactions as of
Jun 17, 2021
Transactions value $
-$707,335
Form type
4
Date filed
6/22/2021, 05:48 PM
Next filing
Jul 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$707K -10.3K -6.12% $68.74 158K Jun 17, 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) 80K Jun 17, 2021 Common Shares 80K $55.55 Direct
holding QSR Option (Right to Buy) 20K Jun 17, 2021 Common Shares 20K $66.31 Direct
holding QSR Restricted Share Units 8.79K Jun 17, 2021 Common Shares 8.79K Direct F2, F3
holding QSR Restricted Share Units 6.2K Jun 17, 2021 Common Shares 6.2K Direct F2, F4
holding QSR Restricted Share Units 7.53K Jun 17, 2021 Common Shares 7.53K Direct F2, F5
holding QSR Performance Share Units 54.1K Jun 17, 2021 Common Shares 54.1K Direct F6
holding QSR Performance Share Units 21K Jun 17, 2021 Common Shares 21K Direct F7
holding QSR Performance Share Units 20.3K Jun 17, 2021 Common Shares 20.3K Direct F8
holding QSR Restricted Share Units 13.3K Jun 17, 2021 Common Shares 13.3K Direct F2, F9
holding QSR Restricted Share Units 10.4K Jun 17, 2021 Common Shares 10.4K Direct F2, F10
holding QSR Performance Share Units 27K Jun 17, 2021 Common Shares 27K 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.