Matthew Dunnigan - May 19, 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
CFO
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Matthew Dunnigan
Stock symbol
QSR
Transactions as of
May 19, 2023
Transactions value $
-$2,026,650
Form type
4
Date filed
5/23/2023, 05:23 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 Options Exercise $1.27M +30K +55.16% $42.26 84.4K May 19, 2023 Direct
transaction QSR Common Shares Sale -$3.29M -45K -53.32% $73.21 39.4K May 19, 2023 Direct F1

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 Option (right to buy) Options Exercise $0 -30K -100% $0.00* 0 May 19, 2023 Common Shares 30K $42.26 Direct F2
holding QSR Option (right to buy) 40K May 19, 2023 Common Shares 40K $55.55 Direct F2
holding QSR Option (right to buy) 40K May 19, 2023 Common Shares 40K $56.92 Direct
holding QSR Option (right to buy) 100K May 19, 2023 Common Shares 100K $58.44 Direct
holding QSR Restricted Share Units 7.56K May 19, 2023 Common Shares 7.56K Direct F3, F4
holding QSR Performance Share Units 116K May 19, 2023 Common Shares 116K Direct F5
holding QSR Option (right to buy) 50K May 19, 2023 Common Shares 50K $66.31 Direct
holding QSR Restricted Share Units 8.34K May 19, 2023 Common Shares 8.34K Direct F3, F6
holding QSR Performance Share Units 56.5K May 19, 2023 Common Shares 56.5K Direct F7
holding QSR Restricted Share Units 5.96K May 19, 2023 Common Shares 5.96K Direct F3, F8
holding QSR Restricted Share Units 5.4K May 19, 2023 Common Shares 5.4K Direct F3, F9
holding QSR Performance Share Units 36.3K May 19, 2023 Common Shares 36.3K Direct F10
holding QSR Restricted Share Units 12.4K May 19, 2023 Common Shares 12.4K Direct F3, F11
holding QSR Performance Share Unit 51.7K May 19, 2023 Common Shares 51.7K Direct F12
holding QSR Restricted Share Units 14.7K May 19, 2023 Common Shares 14.7K Direct F3, F13
holding QSR Performance Share Unit 37.2K May 19, 2023 Common Shares 37.2K Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $73.05 to $73.38 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.
F2 These options are fully vested and 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 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.
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 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 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.
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 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.
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 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.