Sami Siddiqui - Dec 31, 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Brand Pres., Popeyes, Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami A. Siddiqui
Stock symbol
QSR
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 04:51 PM
Previous filing
Oct 7, 2021
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise +8.94K +5.67% 167K Dec 31, 2021 Direct F1
transaction QSR Common Shares Options Exercise +4.51K +2.71% 171K Dec 31, 2021 Direct F1
transaction QSR Common Shares Options Exercise +2.63K +1.54% 174K Dec 31, 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 -8.94K -100% $0.00* 0 Dec 31, 2021 Common Shares 8.94K Direct F2, F3
transaction QSR Restricted Share Units Options Exercise $0 -4.51K -33.33% $0.00 9.02K Dec 31, 2021 Common Shares 4.51K Direct F2, F9
transaction QSR Restricted Share Units Options Exercise $0 -2.63K -25% $0.00 7.9K Dec 31, 2021 Common Shares 2.63K Direct F2, F10
holding QSR Option (Right to Buy) 80K Dec 31, 2021 Common Shares 80K $55.55 Direct
holding QSR Option (Right to Buy) 20K Dec 31, 2021 Common Shares 20K $66.31 Direct
holding QSR Restricted Share Units 6.3K Dec 31, 2021 Common Shares 6.3K Direct F2, F4
holding QSR Restricted Share Units 7.66K Dec 31, 2021 Common Shares 7.66K Direct F2, F5
holding QSR Performance Share Units 55K Dec 31, 2021 Common Shares 55K Direct F6
holding QSR Performance Share Units 21.4K Dec 31, 2021 Common Shares 21.4K Direct F7
holding QSR Performance Share Units 20.7K Dec 31, 2021 Common Shares 20.7K Direct F8
holding QSR Performance Share Units 27.5K Dec 31, 2021 Common Shares 27.5K Direct F11
* 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 on December 31, 2021.
F4 These restricted share units vest on December 31, 2023.
F5 These restricted share units vest on December 31, 2024.
F6 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.
F7 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.
F8 The shares reported represent an award of performance based restricted share units ("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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 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.