Sami A. Siddiqui - 08 May 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Brand Pres., Popeyes, Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami A. Siddiqui
Issuer symbol
QSR
Transactions as of
08 May 2023
Net transactions value
-$1,086,000
Form type
4
Filing time
10 May 2023, 17:31:31 UTC
Previous filing
07 Apr 2023
Next filing
10 Jul 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale $1,086,000 -15,000 -11% $72.40 116,634 08 May 2023 By Trust F1
holding QSR Common Shares 11,644 08 May 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
holding QSR Option (Right to Buy) 80,000 08 May 2023 Common Shares 80,000 $55.55 Direct F2
holding QSR Option (Right to Buy) 20,000 08 May 2023 Common Shares 20,000 $66.31 Direct
holding QSR Restricted Share Units 6,659 08 May 2023 Common Shares 6,659 Direct F3, F4
holding QSR Restricted Share Units 8,088 08 May 2023 Common Shares 8,088 Direct F3, F5
holding QSR Performance Share Units 58,150 08 May 2023 Common Shares 58,150 Direct F6
holding QSR Performance Share Units 22,583 08 May 2023 Common Shares 22,583 Direct F7
holding QSR Performance Share Units 21,847 08 May 2023 Common Shares 21,847 Direct F8
holding QSR Restricted Share Units 4,765 08 May 2023 Common Shares 4,765 Direct F3, F9
holding QSR Restricted Share Units 5,561 08 May 2023 Common Shares 5,561 Direct F3, F10
holding QSR Performance Share Units 29,020 08 May 2023 Common Shares 29,020 Direct F11
holding QSR Restricted Share Units 6,798 08 May 2023 Common Shares 6,798 Direct F3, F12
holding QSR Performance Share Units 41,342 08 May 2023 Common Shares 41,342 Direct F13
holding QSR Restricted Share Units 8,976 08 May 2023 Common Shares 8,976 Direct F3, F14
holding QSR Performance Share Units 37,207 08 May 2023 Common Shares 37,207 Direct F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person.
F2 These options are immediately exercisable.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest on December 31, 2023.
F5 These restricted share units vest on December 31, 2024.
F6 The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 22, 2024, which is the fifth anniversary of the grant date.
F7 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.
F8 The shares reported represent an award of performance based restricted share units ("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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 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.
F14 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F15 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 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.