Joshua Kobza - Aug 26, 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
COO
Signature
/s/ Michele Keusch, As Attorney-in-Fact for Joshua Kobza
Stock symbol
QSR
Transactions as of
Aug 26, 2021
Transactions value $
-$3,570,600
Form type
4
Date filed
8/30/2021, 06:03 PM
Previous filing
Jul 9, 2021
Next filing
Oct 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$3.57M -55K -14.9% $64.92 314K Aug 26, 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 Exchangeable units 5.41K Aug 26, 2021 Common Shares 5.41K Direct F2
holding QSR Option (right to buy) 35.5K Aug 26, 2021 Common Shares 35.5K $42.26 Direct F3
holding QSR Option (right to buy) 300K Aug 26, 2021 Common Shares 300K $42.26 Direct F3
holding QSR Restricted Share Units 22.9K Aug 26, 2021 Common Shares 22.9K Direct F4, F5
holding QSR Option (right to buy) 200K Aug 26, 2021 Common Shares 200K $56.92 Direct
holding QSR Restricted Share Units 19.3K Aug 26, 2021 Common Shares 19.3K Direct F4, F6
holding QSR Restricted Share Units 14.5K Aug 26, 2021 Common Shares 14.5K Direct F4, F7
holding QSR Performance Share Units 246K Aug 26, 2021 Common Shares 246K Direct F8
holding QSR Restricted Share Units 15.3K Aug 26, 2021 Common Shares 15.3K Direct F4, F9
holding QSR Performance Share Units 212K Aug 26, 2021 Common Shares 212K Direct F10
holding QSR Restricted Share Units 41.9K Aug 26, 2021 Common Shares 41.9K Direct F11, F12
holding QSR Restricted Share Units 19.9K Aug 26, 2021 Common Shares 19.9K Direct F11, F13
holding QSR Performance Share Units 85.1K Aug 26, 2021 Common Shares 85.1K Direct F14
* 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 $64.60 to $65.06 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 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.
F3 These options are immediately exerciseable.
F4 Each restricted share unit represents a contingent right to receive one common share.
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 These restricted share units vest on December 31, 2024.
F10 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.
F11 Each restricted share unit represents a contingent right to receive one common share.
F12 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F13 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F14 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.