Jacqueline Friesner - Mar 18, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Officer
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jacqueline Friesner
Stock symbol
QSR
Transactions as of
Mar 18, 2024
Transactions value $
$0
Form type
4
Date filed
3/20/2024, 05:33 PM
Previous filing
Feb 26, 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 152K 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 +4.43K +37.1% $0.00 16.4K Mar 18, 2024 Common Shares 4.43K Direct F12
holding QSR Exchangeable Units 9.1K Mar 18, 2024 Common Shares 9.1K Direct F1
holding QSR Option (Right to Buy) 50K Mar 18, 2024 Common Shares 50K $33.67 Direct F2
holding QSR Option (Right to Buy) 20K Mar 18, 2024 Common Shares 20K $55.55 Direct F2
holding QSR Restricted Share Units 4.22K Mar 18, 2024 Common Shares 4.22K Direct F3, F4
holding QSR Performance Share Units 11.6K Mar 18, 2024 Common Shares 11.6K Direct F5
holding QSR Restricted Share Units 4.15K Mar 18, 2024 Common Shares 4.15K Direct F3, F6
holding QSR Restricted Share Units 1.29K Mar 18, 2024 Common Shares 1.29K Direct F3, F6
holding QSR Restricted Share Units 3.87K Mar 18, 2024 Common Shares 3.87K Direct F3, F7
holding QSR Performance Share Units 15.9K Mar 18, 2024 Common Shares 15.9K Direct F8
holding QSR Restricted Share Units 5.4K Mar 18, 2024 Common Shares 5.4K Direct F3, F9
holding QSR Performance Share Units 13.7K Mar 18, 2024 Common Shares 13.7K Direct F10
holding QSR Restricted Share Units 6.6K Mar 18, 2024 Common Shares 6.6K Direct F3, 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 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 immediately 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 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F8 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.
F9 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F10 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.
F11 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
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.