David Chan Shear - Apr 5, 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for David Chan Shear
Stock symbol
QSR
Transactions as of
Apr 5, 2023
Transactions value $
$0
Form type
4
Date filed
4/7/2023, 05:11 PM
Previous filing
Feb 24, 2023
Next filing
May 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 175K Apr 5, 2023 Direct

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 +81.1 +0.83% $0.00 9.84K Apr 5, 2023 Common Shares 81.1 Direct F3, F4, F5
transaction QSR Performance Share Units Award $0 +479 +0.83% $0.00 58.1K Apr 5, 2023 Common Shares 479 Direct F6, F7
transaction QSR Restricted Share Units Award $0 +56.1 +0.83% $0.00 6.81K Apr 5, 2023 Common Shares 56.1 Direct F3, F4, F8
transaction QSR Performance Share Units Award $0 +233 +0.83% $0.00 28.2K Apr 5, 2023 Common Shares 233 Direct F7, F9
transaction QSR Performance Share Units Award $0 +180 +0.83% $0.00 21.8K Apr 5, 2023 Common Shares 180 Direct F7, F10
transaction QSR Restricted Share Units Award $0 +49.1 +0.83% $0.00 5.96K Apr 5, 2023 Common Shares 49.1 Direct F3, F4, F11
transaction QSR Restricted Share Units Award $0 +47.7 +0.83% $0.00 5.79K Apr 5, 2023 Common Shares 47.7 Direct F3, F4, F12
transaction QSR Performance Share Units Award $0 +299 +0.83% $0.00 36.3K Apr 5, 2023 Common Shares 299 Direct F7, F13
transaction QSR Restricted Share Units Award $0 +123 +0.83% $0.00 14.9K Apr 5, 2023 Common Shares 123 Direct F3, F4, F14
transaction QSR Performance Share Units Award $0 +511 +0.83% $0.00 62K Apr 5, 2023 Common Shares 511 Direct F7, F15
transaction QSR Restricted Share Units Award $0 +183 +0.83% $0.00 22.2K Apr 5, 2023 Common Shares 183 Direct F3, F4, F16
transaction QSR Performance Share Units Award $0 +613 +0.83% $0.00 74.4K Apr 5, 2023 Common Shares 613 Direct F7, F17
holding QSR Exchangeable Units 2.55K Apr 5, 2023 Common Shares 2.55K Direct F1
holding QSR Option (Right to Buy) 100K Apr 5, 2023 Common Shares 100K $55.55 Direct F2
holding QSR Option (right to Buy) 40K Apr 5, 2023 Common Shares 40K $58.44 Direct
holding QSR Option (Right to Buy) 25K Apr 5, 2023 Common Shares 25K $66.31 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 These options are immediately exercisable.
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 The shares reported represent an award of performance based 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.
F7 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.
F8 These restricted share units vest on December 31, 2024.
F9 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.
F10 The shares reported represent an award of performance based restricted share units (the "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.
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 These 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.
F16 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F17 The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 25, 2026. 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.