Jeffrey W. Klein - Mar 18, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role: President, Popeyes-US & Canada
Signature: /s/ Michele Keusch, as Attorney-in-Fact for Jeffrey W. Klein
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						6.8K	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	+133.43%	$0.00	22.1K	Mar 18, 2024	Common Shares	12.7K		Direct	F7
holding	QSR	Restricted Share Units						3.54K	Mar 18, 2024	Common Shares	3.54K		Direct	F1, F2
holding	QSR	Restricted Share Units						2.34K	Mar 18, 2024	Common Shares	2.34K		Direct	F1, F3
holding	QSR	Performance Share Units						10.6K	Mar 18, 2024	Common Shares	10.6K		Direct	F4
holding	QSR	Restricted Share Units						4.84K	Mar 18, 2024	Common Shares	4.84K		Direct	F1, F5
holding	QSR	Performance Share Units						9.9K	Mar 18, 2024	Common Shares	9.9K		Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted share unit represents a contingent right to receive one common share.
F2	These restricted share units vest on December 31, 2024.
F3	These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F4	The shares reported represent an award of performance base share units (the "2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning on 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.
F5	These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F6	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.
F7	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.