David Chan Shear - Apr 6, 2021 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
Apr 6, 2021
Transactions value $
$0
Form type
4
Date filed
4/8/2022, 05:04 PM
Next filing
Jul 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 157K Apr 6, 2021 Direct

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 +82.3 +0.92% $0.00 9.04K Apr 6, 2022 Common Shares 82.3 Direct F3, F4, F5
transaction QSR Restricted Share Units Award $0 +86.4 +0.92% $0.00 9.49K Apr 6, 2022 Common Shares 86.4 Direct F3, F4, F6
transaction QSR Performance Share Units Award $0 +511 +0.92% $0.00 56.1K Apr 6, 2022 Common Shares 511 Direct F7, F8
transaction QSR Restricted Share Units Award $0 +59.8 +0.92% $0.00 6.57K Apr 6, 2022 Common Shares 59.8 Direct F3, F4, F9
transaction QSR Performance Share Units Award $0 +248 +0.92% $0.00 27.2K Apr 6, 2022 Common Shares 248 Direct F8, F10
transaction QSR Performance Share Units Award $0 +192 +0.92% $0.00 21.1K Apr 6, 2022 Common Shares 192 Direct F8, F11
transaction QSR Restricted Share Units Award $0 +105 +0.92% $0.00 11.5K Apr 6, 2022 Common Shares 105 Direct F3, F4, F12
transaction QSR Restricted Share Units Award $0 +76.3 +0.92% $0.00 8.38K Apr 6, 2022 Common Shares 76.3 Direct F3, F4, F13
transaction QSR Performance Share Units Award $0 +318 +0.92% $0.00 35K Apr 6, 2022 Common Shares 318 Direct F8, F14
transaction QSR Restricted Share Units Award $0 +175 +0.92% $0.00 19.2K Apr 6, 2022 Common Shares 175 Direct F3, F4, F15
holding QSR Exchangeable Units 2.55K Apr 6, 2021 Common Shares 2.55K Direct F1
holding QSR Option (Right to Buy) 169K Apr 6, 2021 Common Shares 169K $42.26 Direct F2
holding QSR Option (Right to Buy) 100K Apr 6, 2021 Common Shares 100K $55.55 Direct F2
holding QSR Option (right to Buy) 40K Apr 6, 2021 Common Shares 40K $58.44 Direct
holding QSR Option (Right to Buy) 25K Apr 6, 2021 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 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.
F2 These options are immediately exercisable.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
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 (the "2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2024, which is the fifth anniversary of the grant date.
F8 Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate.
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 have a performance period ending December 31, 2021 and will vest on February 21, 2025, which is the fifth anniversary of the grant date.
F11 The shares reported represent an award of performance based restricted share units (the "2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025.
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.
F15 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.