Thiago T. Santelmo - Mar 18, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thiago T. Santelmo
Stock symbol
QSR
Transactions as of
Mar 18, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 05:32 PM
Previous filing
Mar 20, 2024
Next filing
Apr 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 25.2K Mar 18, 2024 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 Performance Share Units Award $0 +12.7K +79.5% $0.00 28.6K Mar 18, 2024 Common Shares 12.7K Direct F12
holding QSR Exchangeable Units 205 Mar 18, 2024 Common Shares 205 Direct F1
holding QSR Option (Right to Buy) 10K Mar 18, 2024 Common Shares 10K $55.55 Direct F2
holding QSR Option (Right to Buy) 10K Mar 18, 2024 Common Shares 10K $58.44 Direct F2
holding QSR Option (Right to Buy) 30K Mar 18, 2024 Common Shares 30K $64.75 Direct F2
holding QSR Option (Right to Buy) 7.5K Mar 18, 2024 Common Shares 7.5K $66.31 Direct
holding QSR Restricted Share Units 671 Mar 18, 2024 Common Shares 671 Direct F3, F4
holding QSR Restricted Share Units 776 Mar 18, 2024 Common Shares 776 Direct F3, F4
holding QSR Performance Share Units 8.66K Mar 18, 2024 Common Shares 8.66K Direct F5
holding QSR Restricted Share Units 5.54K Mar 18, 2024 Common Shares 5.54K Direct F3, F6
holding QSR Restricted Share Units 3.5K Mar 18, 2024 Common Shares 3.5K Direct F3, F7
holding QSR Restricted Share Units 6.12K Mar 18, 2024 Common Shares 6.12K Direct F3, F8
holding QSR Performance Share Units 21.1K Mar 18, 2024 Common Shares 21.1K Direct F9
holding QSR Restricted Share Units 5.66K Mar 18, 2024 Common Shares 5.66K Direct F3, F10
holding QSR Performance Share Units 18.3K Mar 18, 2024 Common Shares 18.3K Direct F11
* 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 share 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 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 These restricted share units vest on December 31, 2024
F5 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.
F6 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F7 These restricted share units vest in equal installments on December 15, 2022, December 15, 2023, December 15, 2024 and December 15, 2025.
F8 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F9 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, 2021 and ending on December 31, 2022 and to the extent earned will vest 100% on February 25, 2025, which has been selected as the vesting date of the grant. 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.
F10 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F11 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.
F12 The shares reported represent an award of performance based share units ("2024 PSUs") granted to the Reporting Person. The 2024 PSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. 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.