Sami Siddiqui - May 8, 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
Stock symbol
QSR
Transactions as of
May 8, 2023
Transactions value $
-$1,086,000
Form type
4
Date filed
5/10/2023, 05:31 PM
Previous filing
Apr 7, 2023
Next filing
Jul 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$1.09M -15K -11.4% $72.40 117K May 8, 2023 By Trust F1
holding QSR Common Shares 11.6K May 8, 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) 80K May 8, 2023 Common Shares 80K $55.55 Direct F2
holding QSR Option (Right to Buy) 20K May 8, 2023 Common Shares 20K $66.31 Direct
holding QSR Restricted Share Units 6.66K May 8, 2023 Common Shares 6.66K Direct F3, F4
holding QSR Restricted Share Units 8.09K May 8, 2023 Common Shares 8.09K Direct F3, F5
holding QSR Performance Share Units 58.1K May 8, 2023 Common Shares 58.1K Direct F6
holding QSR Performance Share Units 22.6K May 8, 2023 Common Shares 22.6K Direct F7
holding QSR Performance Share Units 21.8K May 8, 2023 Common Shares 21.8K Direct F8
holding QSR Restricted Share Units 4.76K May 8, 2023 Common Shares 4.76K Direct F3, F9
holding QSR Restricted Share Units 5.56K May 8, 2023 Common Shares 5.56K Direct F3, F10
holding QSR Performance Share Units 29K May 8, 2023 Common Shares 29K Direct F11
holding QSR Restricted Share Units 6.8K May 8, 2023 Common Shares 6.8K Direct F3, F12
holding QSR Performance Share Units 41.3K May 8, 2023 Common Shares 41.3K Direct F13
holding QSR Restricted Share Units 8.98K May 8, 2023 Common Shares 8.98K Direct F3, F14
holding QSR Performance Share Units 37.2K May 8, 2023 Common Shares 37.2K 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.