Thomas B. Curtis - Dec 15, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Stock symbol
QSR
Transactions as of
Dec 15, 2024
Transactions value $
-$753,448
Form type
4
Date filed
12/17/2024, 05:04 PM
Previous 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 $0 +5.53K +14.89% $0.00 42.7K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$148K -2.18K -5.1% $67.76 40.5K Dec 16, 2024 Direct F1
transaction QSR Common Shares Options Exercise $0 +16.6K +40.96% $0.00 57.1K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$443K -6.53K -11.43% $67.76 50.6K Dec 16, 2024 Direct F2
transaction QSR Common Shares Options Exercise $0 +2.4K +4.74% $0.00 53K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$64K -944 -1.78% $67.76 52.1K Dec 16, 2024 Direct F1
transaction QSR Common Shares Options Exercise $0 +3.72K +7.14% $0.00 55.8K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$99.2K -1.46K -2.62% $67.76 54.3K Dec 16, 2024 Direct F1

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 Options Exercise $0 -5.53K -100% $0.00 0 Dec 15, 2024 Common Shares 5.53K Direct F3, F5
transaction QSR Performance Share Units Options Exercise $0 -16.6K -100% $0.00 0 Dec 15, 2024 Common Shares 16.6K Direct F6
transaction QSR Restricted Share Units Options Exercise $0 -2.4K -33.33% $0.00 4.8K Dec 15, 2024 Common Shares 2.4K Direct F3, F9
transaction QSR Restricted Share Units Options Exercise $0 -3.72K -25% $0.00 11.2K Dec 15, 2024 Common Shares 3.72K Direct F3, F11
holding QSR Restricted Share Units 4.22K Dec 15, 2024 Common Shares 4.22K Direct F3, F4
holding QSR Restricted Share Units 5.02K Dec 15, 2024 Common Shares 5.02K Direct F3, F7
holding QSR Performance Share Units 43.3K Dec 15, 2024 Common Shares 43.3K Direct F8
holding QSR Performance Share Units 46.8K Dec 15, 2024 Common Shares 46.8K Direct F10
holding QSR Performance Share Units 61.1K Dec 15, 2024 Common Shares 61.1K Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's restricted share units.
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 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F5 These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024.
F6 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 best 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.
F7 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F8 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 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.
F9 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F10 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.
F11 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F12 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