Axel Schwan - Jul 6, 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
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 128K Jul 6, 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 Restricted Share Units Award $0 +69.6 +1.04% $0.00 6.73K Jul 6, 2022 Common Shares 69.6 Direct F1, F2, F3
transaction QSR Restricted Share Units Award $0 +62.9 +1.04% $0.00 6.09K Jul 6, 2022 Common Shares 62.9 Direct F1, F2, F4
transaction QSR Restricted Share Units Award $0 +30.9 +1.04% $0.00 2.99K Jul 6, 2022 Common Shares 30.9 Direct F1, F2, F5
transaction QSR Performance Share Units Award $0 +455 +1.04% $0.00 44K Jul 6, 2022 Common Shares 455 Direct F6, F7
transaction QSR Restricted Share Units Award $0 +95.9 +1.04% $0.00 9.28K Jul 6, 2022 Common Shares 95.9 Direct F1, F2, F8
transaction QSR Restricted Share Units Award $0 +64.2 +1.04% $0.00 6.21K Jul 6, 2022 Common Shares 64.2 Direct F1, F2, F9
transaction QSR Performance Share Units Award $0 +292 +1.04% $0.00 28.3K Jul 6, 2022 Common Shares 292 Direct F7, F10
transaction QSR Restricted Share Units Award $0 +147 +1.04% $0.00 14.2K Jul 6, 2022 Common Shares 147 Direct F1, F2, F11
transaction QSR Performance Share Units Award $0 +416 +1.04% $0.00 40.3K Jul 6, 2022 Common Shares 416 Direct F7, F12
holding QSR Option (right to buy) 40K Jul 6, 2022 Common Shares 40K $58.44 Direct
holding QSR Option (right to buy) 30K Jul 6, 2022 Common Shares 30K $64.75 Direct
holding QSR Option (right to buy) 56K Jul 6, 2022 Common Shares 56K $66.31 Direct
* 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 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.
F3 These restricted share units vest on December 31, 2022.
F4 These restricted share units vest on December 31, 2023.
F5 These restricted share units vest on December 31, 2024.
F6 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.
F7 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 baserd restricted share units to which they relate.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10 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.
F11 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F12 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.