Jose E. Cil - Jul 6, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jose Cil
Stock symbol
QSR
Transactions as of
Jul 6, 2022
Transactions value $
$0
Form type
4
Date filed
7/8/2022, 05:26 PM
Previous filing
Apr 22, 2022
Next filing
Oct 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 143K Jul 6, 2022 Direct F1
holding QSR Common Shares 46.5K Jul 6, 2022 By Trust F2
holding QSR Common Shares 45.6K Jul 6, 2022 By Trust F3
holding QSR Common Shares 140K Jul 6, 2022 By Trust F4
holding QSR Common Shares 13.8K Jul 6, 2022 By Trust F5
holding QSR Common Shares 190K Jul 6, 2022 By Trust F6
holding QSR Common Shares 49.1K Jul 6, 2022 By GRAT F7
holding QSR Common Shares 40.1K Jul 6, 2022 By GRAT F8
holding QSR Common Shares 45.6K Jul 6, 2022 By GRAT F9
holding QSR Common Shares 60K Jul 6, 2022 By GRAT F1, F10

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 Restricted Share Units Award $0 +192 +1.04% $0.00 18.6K Jul 6, 2021 Common Shares 192 Direct F13, F14, F15
transaction QSR Performance Share Units Award $0 +2.68K +1.04% $0.00 260K Jul 6, 2021 Common Shares 2.68K Direct F16, F17
transaction QSR Restricted Share Units Award $0 +168 +1.05% $0.00 16.2K Jul 6, 2021 Common Shares 168 Direct F13, F17, F18
transaction QSR Performance Share Units Award $0 +3.22K +1.04% $0.00 312K Jul 6, 2021 Common Shares 3.22K Direct F17, F19
transaction QSR Restricted Share Units Award $0 +195 +1.04% $0.00 18.9K Jul 6, 2021 Common Shares 195 Direct F13, F14, F20
transaction QSR Performance Share Units Award $0 +2.84K +1.04% $0.00 275K Jul 6, 2021 Common Shares 2.84K Direct F17, F21
transaction QSR Restricted Share Units Award $0 +360 +1.04% $0.00 34.8K Jul 6, 2021 Common Shares 360 Direct F13, F14, F22
transaction QSR Restricted Share Units Award $0 +228 +1.04% $0.00 22K Jul 6, 2021 Common Shares 228 Direct F13, F14, F23
transaction QSR Performance Share Units Award $0 +1.1K +1.04% $0.00 106K Jul 6, 2021 Common Shares 1.1K Direct F17, F24
transaction QSR Restricted Share Units Award $0 +479 +1.04% $0.00 46.3K Jul 6, 2021 Common Shares 479 Direct F13, F14, F25
transaction QSR Performance Share Units Award $0 +1.56K +1.04% $0.00 151K Jul 6, 2021 Common Shares 1.56K Direct F17, F26
holding QSR Exchangeable units 106K Jul 6, 2022 Common Shares 106K Direct F11
holding QSR Option (right to buy) 36K Jul 6, 2022 Common Shares 36K $42.26 Direct F12
holding QSR Option (right to buy) 167K Jul 6, 2022 Common Shares 167K $42.26 Direct F12
holding QSR Option (right to buy) 118K Jul 6, 2022 Common Shares 118K $33.67 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares previously held directly by the Reporting Person which were contributed to the Reporting Person's Second 2022 GRAT (defined below) in an exempt transaction.
F2 These shares are held by an irrevocable life insurance trust for the benefit of the Reporting Person's children and other family members. The Reporting Person's family member is the trustee of such trust.
F3 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
F4 These shares are held by an irrevocable family trust for the benefit of the Reporting Person's spouse and children. The Reporting Person retains investment control over the Issuer securities held by such trust.
F5 These shares are held by a revocable trust, of which the Reporting Person's spouse is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
F6 These shares are held by an irrevocable family trust for the benefit of the Reporting Person and his children. The Reporting Person retains investment control over the Issuer securities held by such trust.
F7 These shares are held by the Reporting Person's 2020 grantor retained annuity trust ("2020 GRAT"), of which the Reporting Person is the trustee and annuitant.
F8 These shares are held by the Reporting Person's 2021 grantor retained annuity trust ("2021 GRAT"), of which the Reporting Person is the trustee and annuitant.
F9 These shares are held by the Reporting Person's first 2022 grantor retained annuity trust ("First 2022 GRAT"), of which the Reporting Person is the trustee and annuitant.
F10 These shares are held by the Reporting Person's second 2022 grantor retained annuity trust ("Second 2022 GRAT"), of which the Reporting Person is the trustee and annuitant.
F11 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.
F12 These options are immediately exercisable.
F13 Each restricted share unit represents a contingent right to receive one common share.
F14 Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
F15 These restricted share units vest on December 31, 2022.
F16 The shares reported represent an award of performance based restricted share units ("2018 PBRSUs") granted to the Reporting Person. The 2018 PBRSUs had a three-year performance period beginning January 1, 2015 and ending December 31, 2018 and will vest 100% on February 23, 2023, which is the fifth anniversary of the grant date.
F17 Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate.
F18 These restricted share units vest on December 31, 2023.
F19 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.
F20 These restricted share units vest on December 31, 2024.
F21 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.
F22 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F23 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F24 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.
F25 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F26 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.