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

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Jan 4, 2023
Transactions value $
-$605,796
Form type
4
Date filed
1/6/2023, 05:36 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 +144 +0.1% $0.00 146K Jan 4, 2023 Direct F1
transaction QSR Common Shares Sale -$606K -9.31K -6.4% $65.04 136K 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 +51.4 +0.84% $0.00 6.2K Jan 4, 2023 Common Shares 51.4 Direct F3, F4, F5
transaction QSR Restricted Share Units Award $0 +25.2 +0.84% $0.00 3.04K Jan 4, 2023 Common Shares 25.2 Direct F3, F4, F6
transaction QSR Performance Share Units Award $0 +372 +0.84% $0.00 44.8K Jan 4, 2023 Common Shares 372 Direct F7, F8
transaction QSR Restricted Share Units Award $0 +39.2 +0.84% $0.00 4.73K Jan 4, 2023 Common Shares 39.2 Direct F3, F4, F9
transaction QSR Restricted Share Units Award $0 +35 +0.84% $0.00 4.21K Jan 4, 2023 Common Shares 35 Direct F3, F4, F10
transaction QSR Performance Share Units Award $0 +239 +0.84% $0.00 28.8K Jan 4, 2023 Common Shares 239 Direct F8, F11
transaction QSR Restricted Share Units Award $0 +89.9 +0.84% $0.00 10.8K Jan 4, 2023 Common Shares 89.9 Direct F3, F4, F12
transaction QSR Performance Share Units Award $0 +340 +0.84% $0.00 41K Jan 4, 2023 Common Shares 340 Direct F8, F13
holding QSR Option (right to buy) 40K Jan 4, 2023 Common Shares 40K $58.44 Direct
holding QSR Option (right to buy) 30K Jan 4, 2023 Common Shares 30K $64.75 Direct
holding QSR Option (right to buy) 56K Jan 4, 2023 Common Shares 56K $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 restricted share unit represents a contingent right to receive one common share.
F4 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.
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 ("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.
F8 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 baserd restricted share units to which they relate.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F11 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.
F12 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F13 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.