Axel Schwan - Aug 23, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Aug 23, 2024
Transactions value $
-$2,535,934
Form type
4
Date filed
8/27/2024, 05:02 PM
Previous filing
Jul 9, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$1.69M -24.1K -18.05% $70.12 109K Aug 23, 2024 Direct F1
transaction QSR Common Shares Sale -$846K -11.9K -10.88% $71.10 97.5K Aug 23, 2024 Direct F2

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
holding QSR Option (Right to Buy) 40K Aug 23, 2024 Common Shares 40K $58.44 Direct F3
holding QSR Option (Right to Buy) 30K Aug 23, 2024 Common Shares 30K $64.75 Direct F3
holding QSR Option (Right to Buy) 56K Aug 23, 2024 Common Shares 56K $66.31 Direct
holding QSR Restricted Share Units 3.19K Aug 23, 2024 Common Shares 3.19K Direct F4, F5
holding QSR Performance Share Units 46.9K Aug 23, 2024 Common Shares 46.9K Direct F6
holding QSR Restricted Share Units 2.21K Aug 23, 2024 Common Shares 2.21K Direct F4, F7
holding QSR Restricted Share Units 7.57K Aug 23, 2024 Common Shares 7.57K Direct F4, F8
holding QSR Performance Share Units 43K Aug 23, 2024 Common Shares 43K Direct F9
holding QSR Restricted Share Units 12.3K Aug 23, 2024 Common Shares 12.3K Direct F4, F10
holding QSR Performance Share Units 77.3K Aug 23, 2024 Common Shares 77.3K Direct F11
holding QSR Restricted Share Units 13.6K Aug 23, 2024 Common Shares 13.6K Direct F4, F12
holding QSR Performance Share Units 53.9K Aug 23, 2024 Common Shares 53.9K Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.00 to $70.41 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each price.
F2 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $71.10 to $71.13 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each price.
F3 These options are fully vested and exercisable.
F4 Each restricted share unit represents a contingent right to receive one common share.
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 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F8 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
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, 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.
F10 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
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 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F13 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.