David Chan Shear - Jan 5, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for David Chan Shear
Stock symbol
QSR
Transactions as of
Jan 5, 2022
Transactions value $
-$529,744
Form type
4
Date filed
1/7/2022, 04:49 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 +169 +0.1% $0.00 161K Jan 5, 2022 Direct F1
transaction QSR Common Shares Sale -$530K -9.04K -5.6% $58.62 152K 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 +80.1 +0.9% $0.00 8.95K Jan 5, 2022 Common Shares 80.1 Direct F5, F6
transaction QSR Restricted Share Units Award $0 +84.1 +0.9% $0.00 9.4K Jan 5, 2022 Common Shares 84.1 Direct F5, F7
transaction QSR Performance Share Units Award $0 +497 +0.9% $0.00 55.5K Jan 5, 2022 Common Shares 497 Direct F8
transaction QSR Restricted Share Units Award $0 +58.2 +0.9% $0.00 6.51K Jan 5, 2022 Common Shares 58.2 Direct F5, F9
transaction QSR Performance Share Units Award $0 +241 +0.9% $0.00 27K Jan 5, 2022 Common Shares 241 Direct F10
transaction QSR Performance Share Units Award $0 +187 +0.9% $0.00 20.9K Jan 5, 2022 Common Shares 187 Direct F11
transaction QSR Restricted Share Units Award $0 +102 +0.9% $0.00 11.4K Jan 5, 2022 Common Shares 102 Direct F5, F12
transaction QSR Restricted Share Units Award $0 +74.2 +0.9% $0.00 8.3K Jan 5, 2022 Common Shares 74.2 Direct F5, F13
transaction QSR Performance Share Units Award $0 +310 +0.9% $0.00 34.7K Jan 5, 2022 Common Shares 310 Direct F14
holding QSR Exchangeable Units 2.55K Jan 5, 2022 Common Shares 2.55K Direct F3
holding QSR Option (Right to Buy) 169K Jan 5, 2022 Common Shares 169K $42.26 Direct F4
holding QSR Option (Right to Buy) 100K Jan 5, 2022 Common Shares 100K $55.55 Direct
holding QSR Option (right to Buy) 40K Jan 5, 2022 Common Shares 40K $58.44 Direct
holding QSR Option (Right to Buy) 25K Jan 5, 2022 Common Shares 25K $66.31 Direct
* 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 reported vesting of the Reporting Person's performance based restricted share units.
F3 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.
F4 These options are immediately exercisable.
F5 Each restricted share unit represents a contingent right to receive one common share.
F6 These restricted share units vest on December 31, 2022.
F7 These restricted share units vest on December 31, 2023.
F8 The shares reported represent an award of performance base restricted share units (the "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.
F9 These restricted share units vest on December 31, 2024.
F10 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.
F11 The share reported represent an award of performance based restricted share units (the "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.
F12 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F13 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F14 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.

Remarks:

President, International