Duncan Fulton - Jan 4, 2023 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
Jan 4, 2023
Transactions value $
-$269,683
Form type
4
Date filed
1/6/2023, 05:32 PM
Previous filing
Jan 4, 2023
Next filing
Feb 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Award $0 +63.7 +0.41% $0.00 15.4K Jan 4, 2023 Direct F1
transaction QSR Common Shares Sale -$270K -4.15K -26.85% $65.04 11.3K Jan 4, 2023 Direct F2, F3

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 Award $0 +26.1 +0.84% $0.00 3.14K Jan 4, 2023 Common Shares 26.1 Direct F4, F5, F6
transaction QSR Restricted Share Units Award $0 +24.5 +0.84% $0.00 2.95K Jan 4, 2023 Common Shares 24.5 Direct F4, F5, F7
transaction QSR Performance Share Units Award $0 +479 +0.84% $0.00 57.7K Jan 4, 2023 Common Shares 479 Direct F8, F9
transaction QSR Performance Share Units Award $0 +232 +0.84% $0.00 28K Jan 4, 2023 Common Shares 232 Direct F9, F10
transaction QSR Restricted Share Units Award $0 +24.5 +0.84% $0.00 2.95K Jan 4, 2023 Common Shares 24.5 Direct F4, F5, F11
transaction QSR Restricted Share Units Award $0 +29.9 +0.84% $0.00 3.6K Jan 4, 2023 Common Shares 29.9 Direct F4, F5, F12
transaction QSR Performance Share Units Award $0 +149 +0.84% $0.00 18K Jan 4, 2023 Common Shares 149 Direct F9, F13
transaction QSR Restricted Share Units Award $0 +72.6 +0.84% $0.00 8.75K Jan 4, 2023 Common Shares 72.6 Direct F4, F5, F14
transaction QSR Performance Share Units Award $0 +211 +0.84% $0.00 25.4K Jan 4, 2023 Common Shares 211 Direct F9, F15
holding QSR Option (Right to Buy) 60K Jan 4, 2023 Common Shares 60K $63.64 Direct
holding QSR Option (Right to Buy) 15K Jan 4, 2023 Common Shares 15K $66.31 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award.
F2 Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units.
F3 The reported shares were sold in Canadian dollars at a price of CAD$87.86 per share. The purchase price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
F6 These restricted share units vest on December 31, 2023.
F7 These restricted share units vest on December 31, 2024.
F8 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.
F9 Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate.
F10 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.
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 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.
F14 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 25, 2025.
F15 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.