Axel Schwan - Dec 31, 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
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:27 PM
Previous filing
Oct 7, 2022
Next filing
Jan 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise +6.8K +5.3% 135K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +4.69K +3.47% 140K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +2.09K +1.5% 142K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +3.58K +2.53% 145K Dec 31, 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 -6.8K -100% $0.00* 0 Dec 31, 2022 Common Shares 6.8K Direct F2, F3
transaction QSR Restricted Share Units Options Exercise $0 -4.69K -50% $0.00 4.69K Dec 31, 2022 Common Shares 4.69K Direct F2, F7
transaction QSR Restricted Share Units Options Exercise $0 -2.09K -33.33% $0.00 4.18K Dec 31, 2022 Common Shares 2.09K Direct F2, F8
transaction QSR Restricted Share Units Options Exercise $0 -3.58K -25% $0.00 10.7K Dec 31, 2022 Common Shares 3.58K Direct F2, F10
holding QSR Option (right to buy) 40K Dec 31, 2022 Common Shares 40K $58.44 Direct
holding QSR Option (right to buy) 30K Dec 31, 2022 Common Shares 30K $64.75 Direct
holding QSR Restricted Share Units 6.14K Dec 31, 2022 Common Shares 6.14K Direct F2, F4
holding QSR Option (right to buy) 56K Dec 31, 2022 Common Shares 56K $66.31 Direct
holding QSR Restricted Share Units 3.02K Dec 31, 2022 Common Shares 3.02K Direct F2, F5
holding QSR Performance Share Units 44.4K Dec 31, 2022 Common Shares 44.4K Direct F6
holding QSR Performance Share Units 28.5K Dec 31, 2022 Common Shares 28.5K Direct F9
holding QSR Performance Share Units 40.7K Dec 31, 2022 Common Shares 40.7K Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement.
F2 Each restricted share unit represents a contingent right to receive one common share.
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 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F9 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.
F10 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F11 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.