Thomas B. Curtis - Sep 1, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
President, Burger King U.S. and Canada
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Stock symbol
QSR
Transactions as of
Sep 1, 2024
Transactions value $
-$448,582
Form type
4
Date filed
9/4/2024, 05:25 PM
Previous filing
Jul 9, 2024
Next filing
Oct 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise +16.6K +61.29% 43.7K Sep 1, 2024 Direct F1
transaction QSR Common Shares Sale -$449K -6.54K -14.95% $68.63 37.2K Sep 3, 2024 Direct F2, F3

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 Options Exercise $0 -16.6K -100% $0.00 0 Sep 1, 2024 Common Shares 16.6K Direct F6
holding QSR Restricted Share Units 4.19K Sep 1, 2024 Common Shares 4.19K Direct F4, F5
holding QSR Restricted Share Units 5.49K Sep 1, 2024 Common Shares 5.49K Direct F4, F7
holding QSR Performance Share Units 16.5K Sep 1, 2024 Common Shares 16.5K Direct F8
holding QSR Restricted Share Units 4.98K Sep 1, 2024 Common Shares 4.98K Direct F4, F9
holding QSR Performance Share Units 43K Sep 1, 2024 Common Shares 43K Direct F10
holding QSR Restricted Share Units 7.14K Sep 1, 2024 Common Shares 7.14K Direct F4, F11
holding QSR Performance Share Units 46.4K Sep 1, 2024 Common Shares 46.4K Direct F12
holding QSR Restricted Share Units 14.8K Sep 1, 2024 Common Shares 14.8K Direct F4, F13
holding QSR Performance Share Units 60.6K Sep 1, 2024 Common Shares 60.6K Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On September 1, 2024, 16,611.0901 of the Reporting Person's performance based restricted share units vested.
F2 Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance based restricted share units.
F3 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $68.51 to $68.77 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 separate price.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F6 The shares reported represent an award of performance based restricted share units ("2021-1 PBRSUs") granted to the Reporting Person. The 2021-1 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on September 1, 2024, 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 These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024.
F8 The shares reported represent an award of performance based restricted share units ("2021-2 PBRSUs") granted to the Reporting Person. The 2021-2 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on December 15, 2024, 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 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, 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.
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 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.
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.

Remarks:

President, Burger King U.S. and Canada