David Chan Shear - Jul 7, 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for David Chan Shear
Stock symbol
QSR
Transactions as of
Jul 7, 2021
Transactions value $
$0
Form type
4
Date filed
7/9/2021, 06:11 PM
Previous filing
Apr 8, 2022
Next filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 143K 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 +83.8 +0.82% $0.00 10.3K Jul 7, 2021 Common Shares 83.8 Direct F3, F4, F5
transaction QSR Restricted Share Units Award $0 +71.8 +0.82% $0.00 8.8K Jul 7, 2021 Common Shares 71.8 Direct F3, F4, F6
transaction QSR Restricted Share Units Award $0 +75.4 +0.82% $0.00 9.24K Jul 7, 2021 Common Shares 75.4 Direct F3, F4, F7
transaction QSR Performance Share Units Award $0 +446 +0.82% $0.00 54.6K Jul 7, 2021 Common Shares 446 Direct F8, F9
transaction QSR Restricted Share Units Award $0 +52.2 +0.82% $0.00 6.39K Jul 7, 2021 Common Shares 52.2 Direct F3, F4, F10
transaction QSR Performance Share Units Award $0 +216 +0.82% $0.00 26.5K Jul 7, 2021 Common Shares 216 Direct F9, F11
transaction QSR Performance Share Units Award $0 +167 +0.82% $0.00 20.5K Jul 7, 2021 Common Shares 167 Direct F9, F12
transaction QSR Restricted Share Units Award $0 +137 +0.82% $0.00 16.8K Jul 7, 2021 Common Shares 137 Direct F3, F4, F13
transaction QSR Restricted Share Units Award $0 +88.8 +0.82% $0.00 10.9K Jul 7, 2021 Common Shares 88.8 Direct F3, F4, F14
transaction QSR Performance Share Units Award $0 +278 +0.82% $0.00 34K Jul 7, 2021 Common Shares 278 Direct F9, F15
holding QSR Exchangeable Units 2.55K Jul 7, 2021 Common Shares 2.55K Direct F1
holding QSR Option (Right to Buy) 169K Jul 7, 2021 Common Shares 169K $42.26 Direct F2
holding QSR Option (Right to Buy) 100K Jul 7, 2021 Common Shares 100K $55.55 Direct
holding QSR Option (right to Buy) 40K Jul 7, 2021 Common Shares 40K $58.44 Direct
holding QSR Option (Right to Buy) 25K Jul 7, 2021 Common Shares 25K $66.31 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 base restricted share units (the "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 (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.
F12 The share reported represent an award of performance based restricted share units (the "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.
F13 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F14 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F15 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.

Remarks:

President, International