Jeffrey Housman - 20 Apr 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role: Chief People & Services Officer
Signature: /s/ Michele Keusch as Attorney-in-Fact for Jeffrey Housman
Issuer symbol: QSR
Transactions as of: 20 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Apr 2022, 16:33:14 UTC
Previous filing: 08 Apr 2022
Next filing: 08 Jul 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	QSR	Common Shares						48,970	20 Apr 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	Performance Share Units	Award	$0	+24,908		$0.000000	24,908	20 Apr 2022	Common Shares	24,908		Direct	F11
holding	QSR	Exchangeable Units						431	20 Apr 2022	Common Shares	431		Direct	F1
holding	QSR	Option (Right to Buy)						30,000	20 Apr 2022	Common Shares	30,000	$42.26	Direct	F2
holding	QSR	Option (Right to Buy)						20,000	20 Apr 2022	Common Shares	20,000	$55.55	Direct	F2
holding	QSR	Restricted Share Units						2,485	20 Apr 2022	Common Shares	2,485		Direct	F3, F4
holding	QSR	Option (Right to Buy)						30,000	20 Apr 2022	Common Shares	30,000	$58.44	Direct
holding	QSR	Restricted Share Units						3,381	20 Apr 2022	Common Shares	3,381		Direct	F3, F5
holding	QSR	Performance Share Units						33,633	20 Apr 2022	Common Shares	33,633		Direct	F6
holding	QSR	Option (Right to Buy)						20,000	20 Apr 2022	Common Shares	20,000	$66.31	Direct
holding	QSR	Restricted Share Units						2,673	20 Apr 2022	Common Shares	2,673		Direct	F3, F7
holding	QSR	Performance Share Units						21,770	20 Apr 2022	Common Shares	21,770		Direct	F8
holding	QSR	Restricted Share Units						19,572	20 Apr 2022	Common Shares	19,572		Direct	F3, F9
holding	QSR	Restricted Share Units						3,415	20 Apr 2022	Common Shares	3,415		Direct	F3, F9
holding	QSR	Restricted Share Units						11,984	20 Apr 2022	Common Shares	11,984		Direct	F3, F10

* 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	These restricted share units vest on December 31, 2022.
F5	These restricted share units vest on December 31, 2023.
F6	The shares reported represent an award of performance base 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.
F7	These restricted share units vest on December 31, 2024.
F8	The shares reported represents an award of performance based restricted share units (the "2020 PBRSUs") granted to the Reporting Person. The 2020 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.
F9	These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10	These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F11	The shares reported represents an award of performance based restricted share units (the "2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest on February 25, 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.

Remarks:

Chief People & Services Officer