| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QSR | Common Shares | Options Exercise | $0 | +103K | $0.00 | 103K | Nov 21, 2023 | Direct | ||
| transaction | QSR | Common Shares | Sale | -$2.85M | -40.8K | -39.49% | $69.97 | 62.5K | Nov 23, 2023 | Direct | F1, F2 |
| holding | QSR | Common Shares | 500K | Nov 21, 2023 | By LLC | F3 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QSR | Restricted Share Units | Options Exercise | $0 | -103K | -20% | $0.00 | 413K | Nov 21, 2023 | Common Shares | 103K | Direct | F4, F5 | |
| holding | QSR | Option (Right to Buy) | 2M | Nov 21, 2023 | Common Shares | 2M | $66.74 | Direct | ||||||
| holding | QSR | Performance Share Units | 775K | Nov 21, 2023 | Common Shares | 775K | Direct | F6 |
| Id | Content |
|---|---|
| F1 | Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units. |
| F2 | Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.63 to $70.55 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. |
| F3 | These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with the sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein. |
| F4 | Each restricted share unit represents a contingent right to receive one common share. |
| F5 | These restricted share units vest in equal installments on November 21, 2023, November 21, 2024, November 21, 2025, November 21, 2026 and November 21, 2027. |
| F6 | The performance based restricted share units ("PBRSUs") will have a performance period beginning on November 21, 2022 and ending on March 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares. |
This Form 4/A is being filed solely to add footnote (1) for clarification.