Thomas B. Curtis - Dec 15, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Stock symbol
QSR
Transactions as of
Dec 15, 2022
Transactions value $
-$116,913
Form type
4
Date filed
12/22/2022, 04:16 PM
Previous filing
Oct 7, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +5.19K +106.88% $0.00 10.1K Dec 15, 2022 Direct
transaction QSR Common Shares Sale -$117K -1.78K -17.75% $65.52 8.27K Dec 21, 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 -5.19K -33.33% $0.00 10.4K Dec 15, 2022 Common Shares 5.19K Direct F2, F5
holding QSR Restricted Share Units 11.9K Dec 15, 2022 Common Shares 115 Direct F2, F3
holding QSR Performance Share Units 15.7K Dec 15, 2022 Common Shares 152 Direct F4
holding QSR Performance Share Units 15.6K Dec 15, 2022 Common Shares 150 Direct F6
holding QSR Restricted Share Units 9.42K Dec 15, 2022 Common Shares 90.8 Direct F2, F7
holding QSR Performance Share Units 40.7K Dec 15, 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