Jose E. Cil - Dec 31, 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jose Cil
Stock symbol
QSR
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 04:55 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 +19.2K +9.13% 230K Dec 31, 2021 Direct F1
transaction QSR Common Shares Options Exercise +16.9K +7.36% 247K Dec 31, 2021 Direct F1
transaction QSR Common Shares Options Exercise +7.14K +2.9% 254K Dec 31, 2021 Direct F1
holding QSR Common Shares 46.5K Dec 31, 2021 By Trust F2
holding QSR Common Shares 45.6K Dec 31, 2021 By Trust F3
holding QSR Common Shares 140K Dec 31, 2021 By Trust F4
holding QSR Common Shares 13.8K Dec 31, 2021 By Trust F5
holding QSR Common Shares 190K Dec 31, 2021 By Trust F6
holding QSR Common Shares 49.1K Dec 31, 2021 By GRAT F7
holding QSR Common Shares 40.1K Dec 31, 2021 By GRAT F8

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 -19.2K -100% $0.00* 0 Dec 31, 2021 Common Shares 19.2K Direct F11, F12
transaction QSR Restricted Share Units Options Exercise $0 -16.9K -33.33% $0.00 33.8K Dec 31, 2021 Common Shares 16.9K Direct F11, F19
transaction QSR Restricted Share Units Options Exercise $0 -7.14K -25% $0.00 21.4K Dec 31, 2021 Common Shares 7.14K Direct F11, F20
holding QSR Exchangeable units 106K Dec 31, 2021 Common Shares 106K Direct F9
holding QSR Option (right to buy) 36K Dec 31, 2021 Common Shares 36K $42.26 Direct F10
holding QSR Option (right to buy) 167K Dec 31, 2021 Common Shares 167K $42.26 Direct F10
holding QSR Option (right to buy) 118K Dec 31, 2021 Common Shares 118K $33.67 Direct F10
holding QSR Restricted Share Units 18.1K Dec 31, 2021 Common Shares 18.1K Direct F11, F13
holding QSR Performance Share Units 252K Dec 31, 2021 Common Shares 252K Direct F14
holding QSR Restricted Share Units 15.8K Dec 31, 2021 Common Shares 15.8K Direct F11, F15
holding QSR Performance Share Units 303K Dec 31, 2021 Common Shares 303K Direct F16
holding QSR Restricted Share Units 18.4K Dec 31, 2021 Common Shares 18.4K Direct F11, F17
holding QSR Performance Share Units 267K Dec 31, 2021 Common Shares 267K Direct F18
holding QSR Performance Share Units 103K Dec 31, 2021 Common Shares 103K Direct F21
* 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 shares are held by an irrevocable life insurance trust for the benefit of the Reporting Person's children and other family members. The Reporting Person's family member is the trustee of such trust.
F3 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
F4 These shares are held by an irrevocable family trust for the benefit of the Reporting Person's spouse and children. The Reporting Person retains investment control over the Issuer securities held by such trust.
F5 These shares are held by a revocable trust, of which the Reporting Person's spouse is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
F6 These shares are held by an irrevocable family trust for the benefit of the Reporting Person and his children. The Reporting Person retains investment control over the Issuer securities held by such trust.
F7 These shares are held by the Reporting Person's 2020 grantor retained annuity trust ("2020 GRAT"), of which the Reporting Person is the trustee and annuitant.
F8 These shares are held by the Reporting Person's 2021 grantor retained annuity trust ("2021 GRAT"), of which the Reporting Person is the trustee and annuitant.
F9 Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
F10 These options are immediately exercisable.
F11 Each restricted share unit represents a contingent right to receive one common share.
F12 These restricted share units vest on December 31, 2021.
F13 These restricted share units vest on December 31, 2022.
F14 The shares reported represent an award of performance based restricted share units ("2018 PBRSUs") granted to the Reporting Person. The 2018 PBRSUs had a three-year performance period beginning January 1, 2015 and ending December 31, 2018 and will vest 100% on February 23, 2023, which is the fifth anniversary of the grant date.
F15 These restricted share units vest on December 31, 2023.
F16 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.
F17 These restricted share units vest on December 31, 2024.
F18 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.
F19 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F20 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F21 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.