Jacqueline Friesner - Jul 6, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, As Attorney-in-Fact for Jacqueline Friesner
Stock symbol
QSR
Transactions as of
Jul 6, 2022
Transactions value $
$0
Form type
4
Date filed
7/8/2022, 05:32 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 118K 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 +42.2 +1.04% $0.00 4.08K Jul 6, 2022 Common Shares 42.2 Direct F3, F4, F5
transaction QSR Restricted Share Units Award $0 +51.7 +1.04% $0.00 5K Jul 6, 2022 Common Shares 51.7 Direct F3, F4, F6
transaction QSR Performance Share Units Award $0 +234 +1.04% $0.00 22.7K Jul 6, 2022 Common Shares 234 Direct F7, F8
transaction QSR Restricted Share Units Award $0 +41.5 +1.04% $0.00 4.02K Jul 6, 2022 Common Shares 41.5 Direct F3, F4, F9
transaction QSR Performance Share Units Award $0 +114 +1.04% $0.00 11K Jul 6, 2022 Common Shares 114 Direct F8, F10
transaction QSR Restricted Share Units Award $0 +123 +1.04% $0.00 11.9K Jul 6, 2022 Common Shares 123 Direct F3, F4, F11
transaction QSR Restricted Share Units Award $0 +38 +1.04% $0.00 3.68K Jul 6, 2022 Common Shares 38 Direct F3, F4, F11
transaction QSR Restricted Share Units Award $0 +76.2 +1.04% $0.00 7.38K Jul 6, 2022 Common Shares 76.2 Direct F3, F4, F12
transaction QSR Performance Share Units Award $0 +156 +1.04% $0.00 15.1K Jul 6, 2022 Common Shares 156 Direct F8, F13
holding QSR Exchangeable units 9.1K Jul 6, 2022 Common Shares 9.1K Direct F1
holding QSR Option (right to buy) 50K Jul 6, 2022 Common Shares 50K $33.67 Direct F2
holding QSR Option (right to buy) 20K Jul 6, 2022 Common Shares 20K $55.55 Direct F2
* 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 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.
F5 These restricted share units vest on December 31, 2022.
F6 These restricted share units vest on December 31, 2023.
F7 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.
F8 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.
F9 These restricted share units vest on December 31, 2024.
F10 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.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 2025.
F13 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