Thomas B. Curtis - Jan 5, 2022 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
Stock symbol
QSR
Transactions as of
Jan 5, 2022
Transactions value $
-$83,550
Form type
4
Date filed
1/7/2022, 04:47 PM
Previous filing
Jan 4, 2022
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Award $0 +34.4 +0.9% $0.00 3.85K Jan 5, 2022 Direct F1
transaction QSR Common Shares Sale -$83.6K -1.43K -37.04% $58.62 2.42K Jan 5, 2022 Direct F2

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 Award $0 +103 +0.9% $0.00 11.5K Jan 5, 2022 Common Shares 103 Direct F3, F4
transaction QSR Performance Share Units Award $0 +136 +0.9% $0.00 15.3K Jan 5, 2022 Common Shares 136 Direct F5
transaction QSR Restricted Share Units Award $0 +135 +0.9% $0.00 15.1K Jan 5, 2022 Common Shares 135 Direct F3, F6
transaction QSR Performance Share Units Award $0 +135 +0.9% $0.00 15.1K Jan 5, 2022 Common Shares 135 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award.
F2 Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F5 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.
F6 These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024.
F7 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