Jacqueline Friesner - Dec 15, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jacqueline Friesner
Stock symbol
QSR
Transactions as of
Dec 15, 2024
Transactions value $
-$94,025
Form type
4
Date filed
12/17/2024, 05:05 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 +1.84K +1.22% $0.00 153K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$49.1K -724 -0.47% $67.76 153K Dec 16, 2024 Direct F1
transaction QSR Common Shares Options Exercise $0 +1.69K +1.11% $0.00 154K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$45K -664 -0.43% $67.76 154K 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 -1.84K -33.35% $0.00 3.69K Dec 15, 2024 Common Shares 1.84K Direct F7, F11
transaction QSR Restricted Share Units Options Exercise $0 -1.69K -25% $0.00 5.07K Dec 15, 2024 Common Shares 1.69K Direct F4, F13
holding QSR Exchangeable Units 9.1K Dec 15, 2024 Common Shares 9.1K Direct F2
holding QSR Option (Right to Buy) 50K Dec 15, 2024 Common Shares 50K $33.67 Direct F3
holding QSR Option (Right to Buy) 20K Dec 15, 2024 Common Shares 20K $55.55 Direct F3
holding QSR Restricted Share Units 4.32K Dec 15, 2024 Common Shares 4.32K Direct F4, F5
holding QSR Performance Share Units 11.8K Dec 15, 2024 Common Shares 11.8K Direct F6
holding QSR Restricted Share Units 4.26K Dec 15, 2024 Common Shares 4.26K Direct F7, F8
holding QSR Restricted Share Units 1.32K Dec 15, 2024 Common Shares 1.32K Direct F4, F8
holding QSR Restricted Share Units 3.97K Dec 15, 2024 Common Shares 3.97K Direct F7, F9
holding QSR Performance Share Units 16.2K Dec 15, 2024 Common Shares 16.2K Direct F10
holding QSR Performance Share Units 14K Dec 15, 2024 Common Shares 14K Direct F12
holding QSR Performance Share Units 16.8K Dec 15, 2024 Common Shares 16.8K Direct F14
* 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 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.
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 Each restricted share units represent a contingent right to receive one common share.
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, 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:

SVP, Controller and Principal Accounting Officer