Sami A. Siddiqui - 31 Dec 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
Issuer symbol: QSR
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2022, 16:51:39 UTC
Previous filing: 07 Oct 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		+8,942	+5.7%		166,722	31 Dec 2021	Direct	F1
transaction	QSR	Common Shares	Options Exercise		+4,510	+2.7%		171,232	31 Dec 2021	Direct	F1
transaction	QSR	Common Shares	Options Exercise		+2,632	+1.5%		173,865	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	-8,942	-100%	$0.000000^*	0	31 Dec 2021	Common Shares	8,942		Direct	F2, F3
transaction	QSR	Restricted Share Units	Options Exercise	$0	-4,510	-33%	$0.000000	9,021	31 Dec 2021	Common Shares	4,510		Direct	F2, F9
transaction	QSR	Restricted Share Units	Options Exercise	$0	-2,632	-25%	$0.000000	7,898	31 Dec 2021	Common Shares	2,632		Direct	F2, F10
holding	QSR	Option (Right to Buy)						80,000	31 Dec 2021	Common Shares	80,000	$55.55	Direct
holding	QSR	Option (Right to Buy)						20,000	31 Dec 2021	Common Shares	20,000	$66.31	Direct
holding	QSR	Restricted Share Units						6,304	31 Dec 2021	Common Shares	6,304		Direct	F2, F4
holding	QSR	Restricted Share Units						7,657	31 Dec 2021	Common Shares	7,657		Direct	F2, F5
holding	QSR	Performance Share Units						55,048	31 Dec 2021	Common Shares	55,048		Direct	F6
holding	QSR	Performance Share Units						21,379	31 Dec 2021	Common Shares	21,379		Direct	F7
holding	QSR	Performance Share Units						20,681	31 Dec 2021	Common Shares	20,681		Direct	F8
holding	QSR	Performance Share Units						27,472	31 Dec 2021	Common Shares	27,472		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.