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

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Apr 20, 2022
Transactions value $
$0
Form type
4
Date filed
4/22/2022, 04:57 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 128K 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 +39.9K $0.00 39.9K Apr 20, 2022 Common Shares 39.9K Direct F10
holding QSR Option (right to buy) 40K Apr 20, 2022 Common Shares 40K $58.44 Direct
holding QSR Restricted Share Units 6.66K Apr 20, 2022 Common Shares 6.66K Direct F1, F2
holding QSR Option (right to buy) 30K Apr 20, 2022 Common Shares 30K $64.75 Direct
holding QSR Restricted Share Units 6.02K Apr 20, 2022 Common Shares 6.02K Direct F1, F3
holding QSR Option (right to buy) 56K Apr 20, 2022 Common Shares 56K $66.31 Direct
holding QSR Restricted Share Units 2.96K Apr 20, 2022 Common Shares 2.96K Direct F1, F4
holding QSR Performance Share Units 43.5K Apr 20, 2022 Common Shares 43.5K Direct F5
holding QSR Restricted Share Units 9.19K Apr 20, 2022 Common Shares 9.19K Direct F1, F6
holding QSR Restricted Share Units 6.14K Apr 20, 2022 Common Shares 6.14K Direct F1, F7
holding QSR Performance Share Units 28K Apr 20, 2022 Common Shares 28K Direct F8
holding QSR Restricted Share Units 14K Apr 20, 2022 Common Shares 14K Direct F1, F9
* 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 These restricted share units vest on December 31, 2022.
F3 These restricted share units vest on December 31, 2023.
F4 These restricted share units vest on December 31, 2024.
F5 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.
F6 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F7 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F8 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.
F9 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F10 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, 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.