Jacqueline Friesner - 20 Apr 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
Issuer symbol
QSR
Transactions as of
20 Apr 2022
Net transactions value
$0
Form type
4
Filing time
22 Apr 2022, 16:47:14 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 117,596 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 +14,945 $0.000000 14,945 20 Apr 2022 Common Shares 14,945 Direct F11
holding QSR Exchangeable units 9,098 20 Apr 2022 Common Shares 9,098 Direct F1
holding QSR Option (right to buy) 50,000 20 Apr 2022 Common Shares 50,000 $33.67 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 4,040 20 Apr 2022 Common Shares 4,040 Direct F3, F4
holding QSR Restricted Share Units 4,949 20 Apr 2022 Common Shares 4,949 Direct F3, F5
holding QSR Performance Share Units 22,422 20 Apr 2022 Common Shares 22,422 Direct F6
holding QSR Restricted Share Units 3,977 20 Apr 2022 Common Shares 3,977 Direct F3, F7
holding QSR Performance Share Units 10,885 20 Apr 2022 Common Shares 10,885 Direct F8
holding QSR Restricted Share Units 11,743 20 Apr 2022 Common Shares 11,743 Direct F3, F9
holding QSR Restricted Share Units 3,641 20 Apr 2022 Common Shares 3,641 Direct F3, F9
holding QSR Restricted Share Units 7,302 20 Apr 2022 Common Shares 7,302 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