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

Role
Chief Financial Officer
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami Siddiqui
Stock symbol
QSR
Transactions as of
Dec 15, 2024
Transactions value $
-$157,635
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 +2.35K +15.3% $0.00 17.7K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$62.6K -924 -5.22% $67.76 16.8K Dec 16, 2024 Direct F1
transaction QSR Common Shares Options Exercise $0 +3.57K +21.26% $0.00 20.4K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$95K -1.4K -6.89% $67.76 19K Dec 16, 2024 Direct F1
holding QSR Common Shares 179K Dec 15, 2024 By Trust 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
transaction QSR Restricted Share Units Options Exercise $0 -2.35K -33.33% $0.00 4.7K Dec 15, 2024 Common Shares 2.35K Direct F4, F11
transaction QSR Restricted Share Units Options Exercise $0 -3.57K -25% $0.00 10.7K Dec 15, 2024 Common Shares 3.57K Direct F4, F13
holding QSR Option (Right to Buy) 80K Dec 15, 2024 Common Shares 80K $55.55 Direct F3
holding QSR Option (Right to Buy) 20K Dec 15, 2024 Common Shares 20K $66.31 Direct
holding QSR Restricted Share Units 8.48K Dec 15, 2024 Common Shares 8.48K Direct F4, F5
holding QSR Performance Share Units 23.7K Dec 15, 2024 Common Shares 23.7K Direct F6
holding QSR Performance Share Units 22.9K Dec 15, 2024 Common Shares 22.9K Direct F7
holding QSR Restricted Share Units 2.91K Dec 15, 2024 Common Shares 2.91K Direct F4, F8
holding QSR Restricted Share Units 4.75K Dec 15, 2024 Common Shares 4.75K Direct F4, F9
holding QSR Performance Share Units 43.3K Dec 15, 2024 Common Shares 43.3K Direct F10
holding QSR Performance Share Units 39K Dec 15, 2024 Common Shares 39K Direct F12
holding QSR Performance Share Units 47.6K Dec 15, 2024 Common Shares 47.6K 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 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person.
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 (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 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 The shares reported represent an award of performance based restricted share units ("2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2021 and will vest on February 21, 2025, which is the fifth anniversary of the grant date.
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.