Jill Granat - Dec 31, 2022 Form 4/A - Amendment Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jill Granat
Stock symbol
QSR
Transactions as of
Dec 31, 2022
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/6/2023, 05:28 PM
Date Of Original Report
Jan 4, 2023
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 +11.5K +3.54% 336K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +3.51K +1.05% 340K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +2.79K +0.82% 343K Dec 31, 2022 Direct F1
transaction QSR Common Shares Options Exercise +4.4K +1.28% 347K 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 -11.5K -100% $0.00* 0 Dec 31, 2022 Common Shares 11.5K Direct F4, F5
transaction QSR Restricted Share Units Options Exercise $0 -3.51K -50% $0.00 3.51K Dec 31, 2022 Common Shares 3.51K Direct F4, F10, F11
transaction QSR Restricted Share Units Options Exercise $0 -2.79K -33.34% $0.00 5.59K Dec 31, 2022 Common Shares 2.79K Direct F4, F10, F12
transaction QSR Restricted Share Units Options Exercise $0 -4.4K -25% $0.00 13.2K Dec 31, 2022 Common Shares 4.4K Direct F4, F10, F14
holding QSR Exchangeable units 53K Dec 31, 2022 Common Shares 53K Direct F2
holding QSR Option (right to buy) 15.9K Dec 31, 2022 Common Shares 15.9K $27.28 Direct F3
holding QSR Option (right to buy) 40K Dec 31, 2022 Common Shares 40K $27.28 Direct F3
holding QSR Option (right to buy) 13.7K Dec 31, 2022 Common Shares 13.7K $42.26 Direct F3
holding QSR Option (right to buy) 66.7K Dec 31, 2022 Common Shares 66.7K $42.26 Direct F3
holding QSR Option (right to buy) 70K Dec 31, 2022 Common Shares 70K $33.67 Direct F3
holding QSR Option (right to buy) 50K Dec 31, 2022 Common Shares 50K $56.92 Direct F3
holding QSR Restricted Share Units 9.78K Dec 31, 2022 Common Shares 9.78K Direct F4, F6
holding QSR Performance Share Units 57.2K Dec 31, 2022 Common Shares 57.2K Direct F7
holding QSR Option (right to buy) 25K Dec 31, 2022 Common Shares 25K $66.31 Direct
holding QSR Restricted Share Units 8.3K Dec 31, 2022 Common Shares 8.3K Direct F4, F8
holding QSR Performance Share Units 27.8K Dec 31, 2022 Common Shares 27.8K Direct F9
holding QSR Performance Share Units 21.4K Dec 31, 2022 Common Shares 21.4K Direct F13
holding QSR Performance Share Units 35.6K Dec 31, 2022 Common Shares 35.6K Direct F15
* 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 Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
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, 2022.
F6 These restricted share units vest on December 31, 2023.
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 These restricted share units vest on December 31, 2024.
F9 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.
F10 This Form 4A is being filed to correct a typographical error to clarify the transaction date for the reported vesting of restricted share units was December 31, 2022.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F12 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F13 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.
F14 The restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F15 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:

Senior EVP, General Counsel and Secretary