Matthew Dunnigan - Sep 16, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
CFO
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Matthew Dunnigan
Stock symbol
QSR
Transactions as of
Sep 16, 2022
Transactions value $
-$884,550
Form type
4
Date filed
9/20/2022, 05:08 PM
Previous filing
Jul 8, 2022
Next filing
Oct 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$885K -15K -26.57% $58.97 41.4K Sep 16, 2022 Direct F1

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
holding QSR Option (right to buy) 30K Sep 16, 2022 Common Shares 30K $42.26 Direct F2
holding QSR Option (right to buy) 40K Sep 16, 2022 Common Shares 40K $55.55 Direct F2
holding QSR Option (right to buy) 40K Sep 16, 2022 Common Shares 40K $56.92 Direct
holding QSR Option (right to buy) 100K Sep 16, 2022 Common Shares 100K $58.44 Direct
holding QSR Restricted Share Units 2.28K Sep 16, 2022 Common Shares 2.28K Direct F3, F4
holding QSR Restricted Share Units 7.36K Sep 16, 2022 Common Shares 7.36K Direct F3, F5
holding QSR Performance Share Units 113K Sep 16, 2022 Common Shares 113K Direct F6
holding QSR Option (right to buy) 50K Sep 16, 2022 Common Shares 50K $66.31 Direct
holding QSR Restricted Share Units 8.12K Sep 16, 2022 Common Shares 8.12K Direct F3, F7
holding QSR Performance Share Units 55K Sep 16, 2022 Common Shares 55K Direct F8
holding QSR Restricted Share Units 11.6K Sep 16, 2022 Common Shares 11.6K Direct F3, F9
holding QSR Restricted Share Units 7.88K Sep 16, 2022 Common Shares 7.88K Direct F3, F10
holding QSR Performance Share Units 35.3K Sep 16, 2022 Common Shares 35.3K Direct F11
holding QSR Restricted Share Units 16.1K Sep 16, 2022 Common Shares 16.1K Direct F3, F12
holding QSR Performance Share Unit 50.3K Sep 16, 2022 Common Shares 50.3K Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $58.88 to $59.10 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These options are immediately exercisable.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest on December 31, 2022.
F5 These restricted share units vest on December 31, 2023.
F6 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.
F7 These restricted share units vest on December 31, 2024.
F8 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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F11 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.
F12 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 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, 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.