Jeffrey Housman - Jan 4, 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch as Attorney-in-Fact for Jeffrey Housman
Stock symbol
QSR
Transactions as of
Jan 4, 2023
Transactions value $
-$351,233
Form type
4
Date filed
1/6/2023, 05:34 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 +112 +0.18% $0.00 62.5K Jan 4, 2023 Direct F1
transaction QSR Common Shares Sale -$351K -5.4K -8.64% $65.04 57.1K Jan 4, 2023 Direct 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 Award $0 +28.9 +0.84% $0.00 3.48K Jan 4, 2023 Common Shares 28.9 Direct F5, F6, F7
transaction QSR Performance Share Units Award $0 +287 +0.84% $0.00 34.6K Jan 4, 2023 Common Shares 287 Direct F8, F9
transaction QSR Restricted Share Units Award $0 +22.8 +0.84% $0.00 2.75K Jan 4, 2023 Common Shares 22.8 Direct F5, F6, F10
transaction QSR Performance Share Units Award $0 +186 +0.84% $0.00 22.4K Jan 4, 2023 Common Shares 186 Direct F9, F11
transaction QSR Restricted Share Units Award $0 +111 +0.84% $0.00 13.4K Jan 4, 2023 Common Shares 111 Direct F5, F6, F12
transaction QSR Restricted Share Units Award $0 +19.4 +0.84% $0.00 2.34K Jan 4, 2023 Common Shares 19.4 Direct F5, F6, F12
transaction QSR Restricted Share Units Award $0 +76.8 +0.84% $0.00 9.25K Jan 4, 2023 Common Shares 76.8 Direct F5, F6, F13
transaction QSR Performance Share Units Award $0 +213 +0.84% $0.00 25.6K Jan 4, 2023 Common Shares 213 Direct F9, F14
holding QSR Exchangeable Units 431 Jan 4, 2023 Common Shares 431 Direct F3
holding QSR Option (Right to Buy) 30K Jan 4, 2023 Common Shares 30K $42.26 Direct F4
holding QSR Option (Right to Buy) 20K Jan 4, 2023 Common Shares 20K $55.55 Direct F4
holding QSR Option (Right to Buy) 30K Jan 4, 2023 Common Shares 30K $58.44 Direct
holding QSR Option (Right to Buy) 20K Jan 4, 2023 Common Shares 20K $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 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.
F4 These options are immediately exercisable.
F5 Each restricted share unit represents a contingent right to receive one common share.
F6 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.
F7 These restricted share units vest on December 31, 2023.
F8 The shares 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 These restricted share units vest on December 31, 2024.
F11 The shares reported represents an award of performance based 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.
F12 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
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 represents an award of performance based restricted share units (the "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:

Chief People & Services Officer