Matthew Dunnigan - 31 Dec 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role: CFO
Signature: /s/ Michele Keusch, as Attorney-in-Fact for Matthew Dunnigan
Issuer symbol: QSR
Transactions as of: 31 Dec 2021
Net transactions value: $0
Form type: 4
Filing time: 04 Jan 2022, 16:52:30 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		+2,984	+6.6%		48,476	31 Dec 2021	Direct	F1
transaction	QSR	Common Shares	Options Exercise		+5,638	+12%		54,114	31 Dec 2021	Direct	F1
transaction	QSR	Common Shares	Options Exercise		+2,555	+4.7%		56,668	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	-2,984	-100%	$0.000000^*	0	31 Dec 2021	Common Shares	2,984		Direct	F3, F4
transaction	QSR	Restricted Share Units	Options Exercise	$0	-5,638	-33%	$0.000000	11,276	31 Dec 2021	Common Shares	5,638		Direct	F3, F10
transaction	QSR	Restricted Share Units	Options Exercise	$0	-2,555	-25%	$0.000000	7,661	31 Dec 2021	Common Shares	2,555		Direct	F3, F11
holding	QSR	Option (right to buy)						30,000	31 Dec 2021	Common Shares	30,000	$42.26	Direct	F2
holding	QSR	Option (right to buy)						40,000	31 Dec 2021	Common Shares	40,000	$55.55	Direct
holding	QSR	Option (right to buy)						40,000	31 Dec 2021	Common Shares	40,000	$56.92	Direct
holding	QSR	Option (right to buy)						100,000	31 Dec 2021	Common Shares	100,000	$58.44	Direct
holding	QSR	Restricted Share Units						2,212	31 Dec 2021	Common Shares	2,212		Direct	F3, F5
holding	QSR	Restricted Share Units						7,156	31 Dec 2021	Common Shares	7,156		Direct	F3, F6
holding	QSR	Performance Share Units						110,096	31 Dec 2021	Common Shares	110,096		Direct	F7
holding	QSR	Option (right to buy)						50,000	31 Dec 2021	Common Shares	50,000	$66.31	Direct
holding	QSR	Restricted Share Units						7,894	31 Dec 2021	Common Shares	7,894		Direct	F3, F8
holding	QSR	Performance Share Units						53,446	31 Dec 2021	Common Shares	53,446		Direct	F9
holding	QSR	Performance Share Units						34,340	31 Dec 2021	Common Shares	34,340		Direct	F12

* 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	These options are immediately exercisable.
F3	Each restricted share unit represents a contingent right to receive one common share.
F4	These restricted share units vest on December 31, 2021.
F5	These restricted share units vest on December 31, 2022.
F6	These restricted share units vest on December 31, 2023.
F7	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.
F8	These restricted share units vest on December 31, 2024.
F9	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.
F10	These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F11	These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12	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.