Joshua Kobza - 07 Jul 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
COO
Signature
/s/ Michele Keusch, As Attorney-in-Fact for Joshua Kobza
Issuer symbol
QSR
Transactions as of
07 Jul 2021
Net transactions value
$0
Form type
4
Filing time
09 Jul 2021, 18:12:40 UTC
Next filing
30 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 369,096 07 Jul 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 +187 +0.82% $0.000000 22,949 07 Jul 2021 Common Shares 187 Direct F3, F4, F5
transaction QSR Restricted Share Units Award $0 +157 +0.82% $0.000000 19,276 07 Jul 2021 Common Shares 157 Direct F3, F4, F6
transaction QSR Restricted Share Units Award $0 +119 +0.82% $0.000000 14,533 07 Jul 2021 Common Shares 119 Direct F3, F4, F7
transaction QSR Performance Share Units Award $0 +2,005 +0.82% $0.000000 245,614 07 Jul 2021 Common Shares 2,005 Direct F8, F9
transaction QSR Restricted Share Units Award $0 +125 +0.82% $0.000000 15,320 07 Jul 2021 Common Shares 125 Direct F3, F4, F10
transaction QSR Performance Share Units Award $0 +1,730 +0.82% $0.000000 211,972 07 Jul 2021 Common Shares 1,730 Direct F9, F11
transaction QSR Restricted Share Units Award $0 +342 +0.82% $0.000000 41,926 07 Jul 2021 Common Shares 342 Direct F4, F12, F13
transaction QSR Restricted Share Units Award $0 +163 +0.82% $0.000000 19,912 07 Jul 2021 Common Shares 163 Direct F4, F12, F14
transaction QSR Performance Share Units Award $0 +695 +0.82% $0.000000 85,123 07 Jul 2021 Common Shares 695 Direct F9, F15
holding QSR Exchangeable units 5,413 07 Jul 2021 Common Shares 5,413 Direct F1
holding QSR Option (right to buy) 35,494 07 Jul 2021 Common Shares 35,494 $42.26 Direct F2
holding QSR Option (right to buy) 300,000 07 Jul 2021 Common Shares 300,000 $42.26 Direct F2
holding QSR Option (right to buy) 200,000 07 Jul 2021 Common Shares 200,000 $56.92 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 exerciseable.
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 Each restricted share unit represents a contingent right to receive one common share.
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.