Joshua Kobza - Jul 5, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Joshua Kobza
Stock symbol
QSR
Transactions as of
Jul 5, 2024
Transactions value $
$0
Form type
4
Date filed
7/9/2024, 04:58 PM
Previous filing
May 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 676K Jul 5, 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 +140 +0.83% $0.00 17K Jul 5, 2024 Common Shares 140 Direct F3, F4, F5
transaction QSR Performance Share Units Award $0 +1.93K +0.83% $0.00 235K Jul 5, 2024 Common Shares 1.93K Direct F6, F7
transaction QSR Restricted Share Units Award $0 +45.3 +0.83% $0.00 5.51K Jul 5, 2024 Common Shares 45.3 Direct F3, F4, F8
transaction QSR Restricted Share Units Award $0 +137 +0.83% $0.00 16.7K Jul 5, 2024 Common Shares 137 Direct F3, F4, F9
transaction QSR Performance Share Units Award $0 +1.1K +0.83% $0.00 134K Jul 5, 2024 Common Shares 1.1K Direct F7, F10
transaction QSR Restricted Share Units Award $0 +168 +0.83% $0.00 20.4K Jul 5, 2024 Common Shares 168 Direct F3, F4, F11
transaction QSR Performance Share Units Award $0 +2.59K +0.83% $0.00 314K Jul 5, 2024 Common Shares 2.59K Direct F7, F12
transaction QSR Restricted Share Units Award $0 +256 +0.83% $0.00 31.1K Jul 5, 2024 Common Shares 256 Direct F3, F4, F13
transaction QSR Performance Share Units Award $0 +998 +0.83% $0.00 121K Jul 5, 2024 Common Shares 998 Direct F7, F14
holding QSR Exchangeable Units 5.41K Jul 5, 2024 Common Shares 5.41K Direct F1
holding QSR Option (Right to Buy) 200K Jul 5, 2024 Common Shares 200K $56.92 Direct F2
* 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 fully vested and exercisable.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 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.
F5 These restricted share units vest on December 31, 2024.
F6 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.
F7 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.
F8 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F9 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F10 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, 2022 and to the extent earned will vest 100% 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.
F11 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F12 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 February 22, 2023 and ending May 21, 2028 and to the extent earned will vest on May 21, 2028, 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.
F13 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F14 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.