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

Role
Brand Pres., Popeyes, Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami A. Siddiqui
Stock symbol
QSR
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
4
Date filed
1/4/2023, 04:35 PM
Previous filing
Nov 22, 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 +4.69K +50.56% 14K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +2.74K +19.61% 16.7K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +2.23K +13.35% 18.9K Dec 31, 2022 Direct F1
holding QSR Common Shares 126K Dec 31, 2022 By Trust F2

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 -4.69K -50% $0.00 4.69K Dec 31, 2022 Common Shares 4.69K Direct F4, F10
transaction QSR Restricted Share Units Options Exercise $0 -2.74K -33.34% $0.00 5.47K Dec 31, 2022 Common Shares 2.74K Direct F4, F11
transaction QSR Restricted Share Units Options Exercise $0 -2.23K -25% $0.00 6.69K Dec 31, 2022 Common Shares 2.23K Direct F4, F13
holding QSR Option (Right to Buy) 80K Dec 31, 2022 Common Shares 80K $55.55 Direct F3
holding QSR Option (Right to Buy) 20K Dec 31, 2022 Common Shares 20K $66.31 Direct
holding QSR Restricted Share Units 6.55K Dec 31, 2022 Common Shares 6.55K Direct F4, F5
holding QSR Restricted Share Units 7.95K Dec 31, 2022 Common Shares 7.95K Direct F4, F6
holding QSR Performance Share Units 57.2K Dec 31, 2022 Common Shares 57.2K Direct F7
holding QSR Performance Share Units 22.2K Dec 31, 2022 Common Shares 22.2K Direct F8
holding QSR Performance Share Units 21.5K Dec 31, 2022 Common Shares 21.5K Direct F9
holding QSR Performance Share Units 28.5K Dec 31, 2022 Common Shares 28.5K Direct F12
holding QSR Performance Share Units 40.7K Dec 31, 2022 Common Shares 40.7K Direct F14
* 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 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person.
F3 These options are immediately exercisable.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 These restricted share units vest on December 31, 2023.
F6 These restricted share units vest on December 31, 2024.
F7 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.
F8 The shares reported represent an award of performance based restricted share units (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 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 The shares reported represent an award of performance based restricted share units ("2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12 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.
F13 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F14 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.