Jacqueline Friesner - Jul 7, 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
VP, Controller and Principal Accounting Officer
Signature
/s/ Michele Keusch, As Attorney-in-Fact for Jacqueline Friesner
Stock symbol
QSR
Transactions as of
Jul 7, 2021
Transactions value $
$0
Form type
4
Date filed
7/9/2021, 06:10 PM
Previous filing
Jun 11, 2021
Next filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 109K Jul 7, 2021 Direct

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 +44.7 +0.82% $0.00 5.48K Jul 7, 2021 Common Shares 44.7 Direct F3, F4, F5
transaction QSR Restricted Share Units Award $0 +32.1 +0.82% $0.00 3.93K Jul 7, 2021 Common Shares 32.1 Direct F3, F4, F6
transaction QSR Restricted Share Units Award $0 +39.3 +0.82% $0.00 4.82K Jul 7, 2021 Common Shares 39.3 Direct F3, F4, F7
transaction QSR Performance Share Units Award $0 +178 +0.82% $0.00 21.8K Jul 7, 2021 Common Shares 178 Direct F8, F9
transaction QSR Restricted Share Units Award $0 +31.6 +0.82% $0.00 3.87K Jul 7, 2021 Common Shares 31.6 Direct F3, F4, F10
transaction QSR Performance Share Units Award $0 +86.5 +0.82% $0.00 10.6K Jul 7, 2021 Common Shares 86.5 Direct F9, F11
transaction QSR Restricted Share Units Award $0 +124 +0.82% $0.00 15.2K Jul 7, 2021 Common Shares 124 Direct F3, F4, F12
transaction QSR Restricted Share Units Award $0 +38.6 +0.82% $0.00 4.73K Jul 7, 2021 Common Shares 38.6 Direct F3, F4, F12
holding QSR Exchangeable units 9.1K Jul 7, 2021 Common Shares 9.1K Direct F1
holding QSR Option (right to buy) 50K Jul 7, 2021 Common Shares 50K $33.67 Direct F2
holding QSR Option (right to buy) 20K Jul 7, 2021 Common Shares 20K $55.55 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These options are immediately exercisable.
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, 2021.
F6 These restricted share units vest on December 31, 2022.
F7 These restricted share units vest on December 31, 2023.
F8 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.
F9 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 based restricted share units to which they relate.
F10 These restricted share units vest on December 31, 2024.
F11 The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 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.
F12 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.

Remarks:

VP, Controller and Principal Accounting Officer