THOMAS BENJAMIN CURTIS - 15 Dec 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
President, Burger King US & Canada
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Issuer symbol
QSR
Transactions as of
15 Dec 2022
Net transactions value
-$116,913
Form type
4
Filing time
22 Dec 2022, 16:16:38 UTC
Previous filing
07 Oct 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +5,195 +107% $0.000000 10,055 15 Dec 2022 Direct
transaction QSR Common Shares Sale $116,913 -1,784 -18% $65.52 8,271 21 Dec 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
transaction QSR Restricted Share Units Options Exercise $0 -5,195 -33% $0.000000 10,389 15 Dec 2022 Common Shares 5,195 Direct F2, F5
holding QSR Restricted Share Units 11,885 15 Dec 2022 Common Shares 115 Direct F2, F3
holding QSR Performance Share Units 15,717 15 Dec 2022 Common Shares 152 Direct F4
holding QSR Performance Share Units 15,584 15 Dec 2022 Common Shares 150 Direct F6
holding QSR Restricted Share Units 9,415 15 Dec 2022 Common Shares 91 Direct F2, F7
holding QSR Performance Share Units 40,661 15 Dec 2022 Common Shares 392 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units.
F2 Each restricted share unit represents a contingent right to receive one common share.
F3 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F4 The shares reported represent an award of performance based restricted share units ("2021-1 PBRSUs") granted to the Reporting Person. The 2021-1 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on September 1, 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.
F5 These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024.
F6 The shares reported represent an award of performance based restricted share units ("2021-2 PBRSUs") granted to the Reporting Person. The 2021-2 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on December 15, 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.
F7 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F8 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.

Remarks:

President, Burger King US & Canada