Axel Schwan - Jan 5, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Jan 5, 2022
Transactions value $
-$509,254
Form type
4
Date filed
1/7/2022, 04:50 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 +142 +0.11% $0.00 133K Jan 5, 2022 Direct F1
transaction QSR Common Shares Sale -$509K -8.69K -6.52% $58.62 125K 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 +59 +0.9% $0.00 6.6K Jan 5, 2022 Common Shares 59 Direct F3, F4
transaction QSR Restricted Share Units Award $0 +53.4 +0.9% $0.00 5.97K Jan 5, 2022 Common Shares 53.4 Direct F3, F5
transaction QSR Restricted Share Units Award $0 +26.2 +0.9% $0.00 2.93K Jan 5, 2022 Common Shares 26.2 Direct F3, F6
transaction QSR Performance Share Units Award $0 +386 +0.9% $0.00 43.1K Jan 5, 2022 Common Shares 386 Direct F7
transaction QSR Restricted Share Units Award $0 +81.4 +0.9% $0.00 9.1K Jan 5, 2022 Common Shares 81.4 Direct F3, F8
transaction QSR Restricted Share Units Award $0 +54.4 +0.9% $0.00 6.09K Jan 5, 2022 Common Shares 54.4 Direct F3, F9
transaction QSR Performance Share Units Award $0 +248 +0.9% $0.00 27.7K Jan 5, 2022 Common Shares 248 Direct F10
holding QSR Option (right to buy) 40K Jan 5, 2022 Common Shares 40K $58.44 Direct
holding QSR Option (right to buy) 30K Jan 5, 2022 Common Shares 30K $64.75 Direct
holding QSR Option (right to buy) 56K Jan 5, 2022 Common Shares 56K $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 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 on December 31, 2022.
F5 These restricted share units vest on December 31, 2023.
F6 These restricted share units vest on December 31, 2024.
F7 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.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10 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.