Jacqueline Friesner - Apr 20, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
SVP, Controller and Principal Accounting Officer
Signature
/s/ Michele Keusch, As Attorney-in-Fact for Jacqueline Friesner
Stock symbol
QSR
Transactions as of
Apr 20, 2022
Transactions value $
$0
Form type
4
Date filed
4/22/2022, 04:47 PM
Previous filing
Apr 8, 2022
Next filing
Jul 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 118K Apr 20, 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 +14.9K $0.00 14.9K Apr 20, 2022 Common Shares 14.9K Direct F11
holding QSR Exchangeable units 9.1K Apr 20, 2022 Common Shares 9.1K Direct F1
holding QSR Option (right to buy) 50K Apr 20, 2022 Common Shares 50K $33.67 Direct F2
holding QSR Option (right to buy) 20K Apr 20, 2022 Common Shares 20K $55.55 Direct F2
holding QSR Restricted Share Units 4.04K Apr 20, 2022 Common Shares 4.04K Direct F3, F4
holding QSR Restricted Share Units 4.95K Apr 20, 2022 Common Shares 4.95K Direct F3, F5
holding QSR Performance Share Units 22.4K Apr 20, 2022 Common Shares 22.4K Direct F6
holding QSR Restricted Share Units 3.98K Apr 20, 2022 Common Shares 3.98K Direct F3, F7
holding QSR Performance Share Units 10.9K Apr 20, 2022 Common Shares 10.9K Direct F8
holding QSR Restricted Share Units 11.7K Apr 20, 2022 Common Shares 11.7K Direct F3, F9
holding QSR Restricted Share Units 3.64K Apr 20, 2022 Common Shares 3.64K Direct F3, F9
holding QSR Restricted Share Units 7.3K Apr 20, 2022 Common Shares 7.3K 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 based restricted share units ("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 represent an award of performance based restricted share units ("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 2025.
F11 The shares reported represent an award of performance based restricted share units ("2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning January 1, 2022 and ending December 31, 2022 and to the extent earned will vest 100% 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:

SVP, Controller and Principal Accounting Officer