Duncan Fulton - Apr 5, 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Duncan Fulton
Stock symbol
QSR
Transactions as of
Apr 5, 2023
Transactions value $
$0
Form type
4
Date filed
4/7/2023, 05:12 PM
Previous filing
Feb 24, 2023
Next filing
Jul 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 13.3K 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 +26 +0.83% $0.00 3.16K Apr 5, 2023 Common Shares 26 Direct F1, F2, F3
transaction QSR Restricted Share Units Award $0 +24.4 +0.83% $0.00 2.97K Apr 5, 2023 Common Shares 24.4 Direct F1, F2, F4
transaction QSR Performance Share Units Award $0 +478 +0.83% $0.00 58.1K Apr 5, 2023 Common Shares 478 Direct F5, F6
transaction QSR Performance Share Units Award $0 +232 +0.83% $0.00 28.2K Apr 5, 2023 Common Shares 232 Direct F6, F7
transaction QSR Restricted Share Units Award $0 +24.5 +0.83% $0.00 2.98K Apr 5, 2023 Common Shares 24.5 Direct F1, F2, F8
transaction QSR Restricted Share Units Award $0 +29.8 +0.83% $0.00 3.63K Apr 5, 2023 Common Shares 29.8 Direct F1, F2, F9
transaction QSR Performance Share Units Award $0 +149 +0.83% $0.00 18.1K Apr 5, 2023 Common Shares 149 Direct F6, F10
transaction QSR Restricted Share Units Award $0 +72.5 +0.83% $0.00 8.82K Apr 5, 2023 Common Shares 72.5 Direct F1, F2, F11
transaction QSR Performance Share Units Award $0 +210 +0.83% $0.00 25.6K Apr 5, 2023 Common Shares 210 Direct F6, F12
transaction QSR Restricted Share Units Award $0 +73.7 +0.83% $0.00 8.96K Apr 5, 2023 Common Shares 73.7 Direct F1, F2, F13
transaction QSR Performance Share Units Award $0 +180 +0.83% $0.00 21.9K Apr 5, 2023 Common Shares 180 Direct F6, F14
holding QSR Option (Right to Buy) 60K Apr 5, 2023 Common Shares 60K $63.64 Direct
holding QSR Option (Right to Buy) 15K Apr 5, 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 Each restricted share unit represents a contingent right to receive one common share.
F2 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.
F3 These restricted share units vest on December 31, 2023.
F4 These restricted share units vest on December 31, 2024.
F5 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.
F6 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.
F7 The shares 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.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10 The shares 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.
F11 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F12 The shares 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.
F13 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F14 The shares reported represent an award of performance base restricted share units (the "2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning on January 1, 2023 and ending December 31, 2025 and to the extent earned will vest on February 22, 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.