Jill Granat - 06 Jul 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jill Granat
Issuer symbol
QSR
Transactions as of
06 Jul 2023
Net transactions value
$0
Form type
4
Filing time
10 Jul 2023, 17:15:29 UTC
Previous filing
08 May 2023
Next filing
06 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 342,059 06 Jul 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 +71 +0.71% $0.000000 10,017 06 Jul 2023 Common Shares 71 Direct F3, F4, F5
transaction QSR Performance Share Units Award $0 +415 +0.71% $0.000000 58,565 06 Jul 2023 Common Shares 415 Direct F6, F7
transaction QSR Restricted Share Units Award $0 +60 +0.71% $0.000000 8,496 06 Jul 2023 Common Shares 60 Direct F3, F4, F8
transaction QSR Performance Share Units Award $0 +202 +0.71% $0.000000 28,430 06 Jul 2023 Common Shares 202 Direct F7, F9
transaction QSR Restricted Share Units Award $0 +26 +0.71% $0.000000 3,599 06 Jul 2023 Common Shares 26 Direct F3, F4, F10
transaction QSR Restricted Share Units Award $0 +41 +0.71% $0.000000 5,720 06 Jul 2023 Common Shares 41 Direct F3, F4, F11
transaction QSR Performance Share Units Award $0 +155 +0.71% $0.000000 21,921 06 Jul 2023 Common Shares 155 Direct F7, F12
transaction QSR Restricted Share Units Award $0 +96 +0.71% $0.000000 13,515 06 Jul 2023 Common Shares 96 Direct F3, F4, F13
transaction QSR Performance Share Units Award $0 +258 +0.71% $0.000000 36,433 06 Jul 2023 Common Shares 258 Direct F7, F14
transaction QSR Restricted Share Units Award $0 +103 +0.71% $0.000000 14,573 06 Jul 2023 Common Shares 103 Direct F3, F4, F15
transaction QSR Performance Share Units Award $0 +239 +0.71% $0.000000 33,725 06 Jul 2023 Common Shares 239 Direct F7, F16
holding QSR Exchangeable units 52,965 06 Jul 2023 Common Shares 52,965 Direct F1
holding QSR Option (right to buy) 13,665 06 Jul 2023 Common Shares 13,665 $42.26 Direct F2
holding QSR Option (right to buy) 66,667 06 Jul 2023 Common Shares 66,667 $42.26 Direct F2
holding QSR Option (right to buy) 70,000 06 Jul 2023 Common Shares 70,000 $33.67 Direct F2
holding QSR Option (right to buy) 50,000 06 Jul 2023 Common Shares 50,000 $56.92 Direct F2
holding QSR Option (right to buy) 25,000 06 Jul 2023 Common Shares 25,000 $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 fully vested and 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 ("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 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 ("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.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12 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.
F13 The restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F14 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.
F15 The restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F16 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.

Remarks:

Senior EVP, General Counsel and Secretary