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

Signature
/s/ Michele Keusche, as Attorney-in-Fact for Duncan Fulton
Stock symbol
QSR
Transactions as of
Dec 15, 2024
Transactions value $
-$174,767
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 +9.25% $0.00 27.7K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$85.4K -1.26K -4.53% $67.89 26.5K Dec 16, 2024 Direct F1, F2
transaction QSR Common Shares Options Exercise $0 +2.46K +9.29% $0.00 28.9K Dec 15, 2024 Direct
transaction QSR Common Shares Sale -$89.4K -1.32K -4.55% $67.89 27.6K Dec 16, 2024 Direct F1, 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 -33.34% $0.00 4.7K Dec 15, 2024 Common Shares 2.35K Direct F6, F12
transaction QSR Restricted Share Units Options Exercise $0 -2.46K -25% $0.00 7.38K Dec 15, 2024 Common Shares 2.46K Direct F6, F14
holding QSR Option (Right to Buy) 60K Dec 15, 2024 Common Shares 60K $63.64 Direct F3, F4
holding QSR Option (Right to Buy) 15K Dec 15, 2024 Common Shares 15K $66.31 Direct F5
holding QSR Restricted Share Units 3.11K Dec 15, 2024 Common Shares 3.11K Direct F6, F7
holding QSR Performance Share Units 29.6K Dec 15, 2024 Common Shares 29.6K Direct F8
holding QSR Restricted Share Units 1.9K Dec 15, 2024 Common Shares 1.9K Direct F6, F9
holding QSR Restricted Share Units 6.16K Dec 15, 2024 Common Shares 6.16K Direct F6, F10
holding QSR Performance Share Units 26.8K Dec 15, 2024 Common Shares 26.8K Direct F11
holding QSR Performance Share Units 23K Dec 15, 2024 Common Shares 23K Direct F13
holding QSR Performance Share Units 20.3K Dec 15, 2024 Common Shares 20.3K Direct F15
* 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 The reported shares were sold in Canadian dollars at a price of CAD$96.6674 per share. The purchase price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date.
F3 The options were issued with an exercise price of CAD $82.81. The reported exercise price represents the U.S. dollar equivalent.
F4 These options are fully vested and exercisable.
F5 The options were issued with an exercise price of CAD $88.03. The reported exercise price represents the U.S. dollar equivalent.
F6 Each restricted share unit represents a contingent right to receive one common share.
F7 These restricted share units vest on December 31, 2024.
F8 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.
F9 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F10 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F11 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.
F12 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F13 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.
F14 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F15 The shares reported represent an award of perforamnce based share units ("2024 PSUs") granted to the Reporting Person. The 2024 PSUs will have a performance period beginning Febuary 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 eaned at the end of hte performance period is subject to increase or decrease based on the results of the performance condition.