Duncan Fulton - Dec 31, 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Chief Corporate Officer
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Duncan Fulton
Stock symbol
QSR
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:29 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 +2.93K +37.66% 10.7K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +1.78K +16.65% 12.5K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +2.89K +23.15% 15.4K 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 -2.93K -50% $0.00 2.93K Dec 31, 2022 Common Shares 2.93K Direct F2, F7
transaction QSR Restricted Share Units Options Exercise $0 -1.78K -33.33% $0.00 3.57K Dec 31, 2022 Common Shares 1.78K Direct F2, F8
transaction QSR Restricted Share Units Options Exercise $0 -2.89K -25% $0.00 8.67K Dec 31, 2022 Common Shares 2.89K Direct F2, F10
holding QSR Option (Right to Buy) 60K Dec 31, 2022 Common Shares 60K $63.64 Direct
holding QSR Option (Right to Buy) 15K Dec 31, 2022 Common Shares 15K $66.31 Direct
holding QSR Restricted Share Units 3.11K Dec 31, 2022 Common Shares 3.11K Direct F2, F3
holding QSR Restricted Share Units 2.92K Dec 31, 2022 Common Shares 2.92K Direct F2, F4
holding QSR Performance Share Units 57.2K Dec 31, 2022 Common Shares 57.2K Direct F5
holding QSR Performance Share Units 27.8K Dec 31, 2022 Common Shares 27.8K Direct F6
holding QSR Performance Share Units 17.8K Dec 31, 2022 Common Shares 17.8K Direct F9
holding QSR Performance Share Units 25.2K Dec 31, 2022 Common Shares 25.2K 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, 2023.
F4 These restricted share units vest on December 31, 2024.
F5 The share reported represent an award of performance base restricted share units (the "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.
F6 The share reported represent an award of performance base restricted share units (the "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 share reported represent an award of performance base restricted share units (the "2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning on 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 25, 2025.
F11 The share reported represent an award of performance base restricted share units (the "2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning on 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.