Matthew Dunnigan - Oct 4, 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
Oct 4, 2023
Transactions value $
$0
Form type
4
Date filed
10/6/2023, 04:48 PM
Previous filing
Jul 10, 2023
Next filing
Dec 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 39.4K Oct 4, 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 +65.8 +0.86% $0.00 7.68K Oct 4, 2023 Common Shares 65.8 Direct F2, F3, F4
transaction QSR Performance Share Units Award $0 +1.01K +0.86% $0.00 118K Oct 4, 2023 Common Shares 1.01K Direct F5, F6
transaction QSR Restricted Share Units Award $0 +72.5 +0.86% $0.00 8.47K Oct 4, 2023 Common Shares 72.5 Direct F2, F3, F7
transaction QSR Performance Share Units Award $0 +491 +0.86% $0.00 57.4K Oct 4, 2023 Common Shares 491 Direct F6, F8
transaction QSR Restricted Share Units Award $0 +51.8 +0.86% $0.00 6.05K Oct 4, 2023 Common Shares 51.8 Direct F2, F3, F9
transaction QSR Restricted Share Units Award $0 +46.9 +0.86% $0.00 5.48K Oct 4, 2023 Common Shares 46.9 Direct F2, F3, F10
transaction QSR Performance Share Units Award $0 +316 +0.86% $0.00 36.9K Oct 4, 2023 Common Shares 316 Direct F6, F11
transaction QSR Restricted Share Units Award $0 +108 +0.86% $0.00 12.6K Oct 4, 2023 Common Shares 108 Direct F2, F3, F12
transaction QSR Performance Share Unit Award $0 +450 +0.86% $0.00 52.5K Oct 4, 2023 Common Shares 450 Direct F6, F13
transaction QSR Restricted Share Units Award $0 +128 +0.86% $0.00 14.9K Oct 4, 2023 Common Shares 128 Direct F2, F3, F14
transaction QSR Performance Share Unit Award $0 +324 +0.86% $0.00 37.8K Oct 4, 2023 Common Shares 324 Direct F6, F15
holding QSR Option (right to buy) 40K Oct 4, 2023 Common Shares 40K $55.55 Direct F1
holding QSR Option (right to buy) 40K Oct 4, 2023 Common Shares 40K $56.92 Direct F1
holding QSR Option (right to buy) 100K Oct 4, 2023 Common Shares 100K $58.44 Direct F1
holding QSR Option (right to buy) 50K Oct 4, 2023 Common Shares 50K $66.31 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These options are fully vested and exercisable.
F2 Each restricted share unit represents a contingent right to receive one common share.
F3 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.
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 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 These restricted share units vest on December 31, 2024.
F8 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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 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.