Axel Schwan - 20 Apr 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
Issuer symbol: QSR
Transactions as of: 20 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 22 Apr 2022, 16:57:00 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						128,211	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	+39,853		$0.000000	39,853	20 Apr 2022	Common Shares	39,853		Direct	F10
holding	QSR	Option (right to buy)						40,000	20 Apr 2022	Common Shares	40,000	$58.44	Direct
holding	QSR	Restricted Share Units						6,661	20 Apr 2022	Common Shares	6,661		Direct	F1, F2
holding	QSR	Option (right to buy)						30,000	20 Apr 2022	Common Shares	30,000	$64.75	Direct
holding	QSR	Restricted Share Units						6,023	20 Apr 2022	Common Shares	6,023		Direct	F1, F3
holding	QSR	Option (right to buy)						56,000	20 Apr 2022	Common Shares	56,000	$66.31	Direct
holding	QSR	Restricted Share Units						2,955	20 Apr 2022	Common Shares	2,955		Direct	F1, F4
holding	QSR	Performance Share Units						43,539	20 Apr 2022	Common Shares	43,539		Direct	F5
holding	QSR	Restricted Share Units						9,186	20 Apr 2022	Common Shares	9,186		Direct	F1, F6
holding	QSR	Restricted Share Units						6,144	20 Apr 2022	Common Shares	6,144		Direct	F1, F7
holding	QSR	Performance Share Units						27,975	20 Apr 2022	Common Shares	27,975		Direct	F8
holding	QSR	Restricted Share Units						14,040	20 Apr 2022	Common Shares	14,040		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.