THOMAS BENJAMIN CURTIS - 31 Dec 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
President, Burger King US & Canada
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Issuer symbol
QSR
Transactions as of
31 Dec 2021
Net transactions value
$0
Form type
4
Filing time
04 Jan 2022, 16:50:33 UTC
Previous filing
17 Dec 2021
Next filing
07 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise +3,813 3,813 31 Dec 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
transaction QSR Restricted Share Units Options Exercise $0 -3,813 -25% $0.000000 11,440 31 Dec 2021 Common Shares 3,813 Direct F2, F3
holding QSR Performance Share Units 15,128 31 Dec 2021 Common Shares 15,128 Direct F4
holding QSR Restricted Share Units 15,000 31 Dec 2021 Common Shares 15,000 Direct F2, F5
holding QSR Performance Share Units 15,000 31 Dec 2021 Common Shares 15,000 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of the Reporting Person's restricted stock units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement.
F2 Each restricted share unit represents a contingent right to receive one common share.
F3 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F4 The shares reported represent an award of performance based restricted share units ("2021-1 PBRSUs") granted to the Reporting Person. The 2021-1 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on September 1, 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.
F5 These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024.
F6 The shares reported represent an award of performance based restricted share units ("2021-2 PBRSUs") granted to the Reporting Person. The 2021-2 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on December 15, 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, Burger King US & Canada