Thomas B. Curtis - Apr 6, 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
Apr 6, 2022
Transactions value $
$0
Form type
4
Date filed
4/8/2022, 05:10 PM
Previous filing
Mar 1, 2022
Next filing
Apr 22, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 4.86K Apr 6, 2022 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 +106 +0.92% $0.00 11.6K Apr 6, 2022 Common Shares 106 Direct F1, F2, F3
transaction QSR Performance Share Units Award $0 +140 +0.92% $0.00 15.4K Apr 6, 2022 Common Shares 140 Direct F4, F5
transaction QSR Restricted Share Units Award $0 +139 +0.92% $0.00 15.3K Apr 6, 2022 Common Shares 139 Direct F1, F2, F6
transaction QSR Performance Share Units Award $0 +139 +0.92% $0.00 15.3K Apr 6, 2022 Common Shares 139 Direct F5, F7
transaction QSR Restricted Share Units Award $0 +84 +0.92% $0.00 9.23K Apr 6, 2022 Common Shares 84 Direct F1, F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted share unit represents a contingent right to receive one common share.
F2 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.
F3 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F4 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.
F5 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.
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.
F8 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.

Remarks:

President, Burger King US & Canada