Axel Schwan - Oct 5, 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Oct 5, 2021
Transactions value $
$0
Form type
4
Date filed
10/7/2021, 05:50 PM
Previous filing
Jul 9, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 117K Oct 5, 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 +78.2 +0.86% $0.00 9.22K Oct 5, 2021 Common Shares 78.2 Direct F1, F2, F3
transaction QSR Restricted Share Units Award $0 +55.5 +0.86% $0.00 6.54K Oct 5, 2021 Common Shares 55.5 Direct F1, F2, F4
transaction QSR Restricted Share Units Award $0 +50.2 +0.86% $0.00 5.91K Oct 5, 2021 Common Shares 50.2 Direct F1, F2, F5
transaction QSR Restricted Share Units Award $0 +24.6 +0.86% $0.00 2.9K Oct 5, 2021 Common Shares 24.6 Direct F1, F2, F6
transaction QSR Performance Share Units Award $0 +363 +0.86% $0.00 42.8K Oct 5, 2021 Common Shares 363 Direct F7, F8
transaction QSR Restricted Share Units Award $0 +115 +0.86% $0.00 13.5K Oct 5, 2021 Common Shares 115 Direct F1, F2, F9
transaction QSR Restricted Share Units Award $0 +68.2 +0.86% $0.00 8.04K Oct 5, 2021 Common Shares 68.2 Direct F1, F8, F10
transaction QSR Performance Share Units Award $0 +233 +0.86% $0.00 27.5K Oct 21, 2021 Common Shares 233 Direct F8, F11
holding QSR Option (right to buy) 40K Oct 5, 2021 Common Shares 40K $58.44 Direct
holding QSR Option (right to buy) 30K Oct 5, 2021 Common Shares 30K $64.75 Direct
holding QSR Option (right to buy) 56K Oct 5, 2021 Common Shares 56K $66.31 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit represents a contingent right to receive one common share.
F2 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.
F3 These restricted share units vest on December 31, 2021.
F4 These restricted share units vest on December 31, 2022.
F5 These restricted share units vest on December 31, 2023.
F6 These restricted share units vest on December 31, 2024.
F7 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.
F8 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 baserd restricted share units to which they relate.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 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.