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

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jeffrey W. Klein
Stock symbol
QSR
Transactions as of
Apr 4, 2024
Transactions value $
$0
Form type
4
Date filed
4/8/2024, 08:08 PM
Previous filing
Mar 20, 2024
Next filing
Jul 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 6.8K Apr 4, 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 Restricted Share Units Award $0 +26.8 +0.76% $0.00 3.56K Apr 4, 2024 Common Shares 26.8 Direct F1, F2, F3
transaction QSR Restricted Share Units Award $0 +17.7 +0.76% $0.00 2.36K Apr 4, 2024 Common Shares 17.7 Direct F1, F2, F4
transaction QSR Performance Share Units Award $0 +80.3 +0.76% $0.00 10.7K Apr 4, 2024 Common Shares 80.3 Direct F5, F6
transaction QSR Restricted Share Units Award $0 +36.6 +0.76% $0.00 4.87K Apr 4, 2024 Common Shares 36.6 Direct F1, F2, F7
transaction QSR Performance Share Units Award $0 +74.9 +0.76% $0.00 9.97K Apr 4, 2024 Common Shares 74.9 Direct F6, F8
transaction QSR Performance Share Units Award $0 +167 +0.76% $0.00 22.3K Apr 4, 2024 Common Shares 167 Direct F6, F9
* 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 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.
F3 These restricted share units vest on December 31, 2024.
F4 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F5 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.
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 restricted share units to which they relate.
F7 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F8 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.
F9 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 period.