Jill Granat - Dec 6, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jill Granat
Stock symbol
QSR
Transactions as of
Dec 6, 2024
Transactions value $
-$4,036,543
Form type
4
Date filed
12/10/2024, 05:12 PM
Previous filing
Oct 8, 2024
Next filing
Dec 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$1.53M -22K -5.36% $69.74 389K Dec 6, 2024 Direct F1
transaction QSR Common Shares Options Exercise $2M +59.4K +15.28% $33.67 448K Dec 6, 2024 Direct
transaction QSR Common Shares Sale -$4.11M -59.4K -13.25% $69.24 389K Dec 6, 2024 Direct F2
transaction QSR Common Shares Options Exercise $357K +10.6K +2.73% $33.67 399K Dec 9, 2024 Direct
transaction QSR Common Shares Sale -$692K -9.84K -2.46% $70.38 390K Dec 9, 2024 Direct F3
transaction QSR Common Shares Sale -$55.1K -778 -0.2% $70.81 389K Dec 9, 2024 Direct F4

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 Option (Right to Buy) Options Exercise $0 -59.4K -84.84% $0.00 10.6K Dec 6, 2024 Common Shares 59.4K $33.67 Direct F6
transaction QSR Option (Right to Buy) Options Exercise $0 -10.6K -100% $0.00 0 Dec 9, 2024 Common Shares 10.6K $33.67 Direct F6
holding QSR Exchangeable Units 53K Dec 6, 2024 Common Shares 53K Direct F5
holding QSR Option (Right to Buy) 50K Dec 6, 2024 Common Shares 50K $56.92 Direct F6
holding QSR Option (Right to Buy) 25K Dec 6, 2024 Common Shares 25K $66.31 Direct
holding QSR Restricted Share Units 8.84K Dec 6, 2024 Common Shares 8.84K Direct F7, F8
holding QSR Performance Share Units 29.6K Dec 6, 2024 Common Shares 29.6K Direct F9
holding QSR Restricted Share Units 2.98K Dec 6, 2024 Common Shares 2.98K Direct F7, F10
holding QSR Restricted Share Units 9.37K Dec 6, 2024 Common Shares 9.37K Direct F7, F11
holding QSR Performance Share Units 37.9K Dec 6, 2024 Common Shares 37.9K Direct F12
holding QSR Restricted Share Units 11.4K Dec 6, 2024 Common Shares 11.4K Direct F7, F13
holding QSR Performance Share Units 35.1K Dec 6, 2024 Common Shares 35.1K Direct F14
holding QSR Restricted Share Units 15K Dec 6, 2024 Common Shares 15K Direct F7, F15
holding QSR Performance Share Units 34K Dec 6, 2024 Common Shares 34K Direct F16
* 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 $69.62 to $69.85 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 $69.00 to $69.68 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 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.69 to $70.66 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.
F4 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.73 to $70.85 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.
F5 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 share 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 Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
F6 These options are fully vested and exercisable.
F7 Each restricted share unit represents a contingent right to receive one common share.
F8 These restricted share units vest on December 31, 2024.
F9 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.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F11 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F12 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 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.
F13 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F14 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.
F15 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F16 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:

Senior EVP, General Counsel and Secretary