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

Role
Chief Corporate Officer
Signature
/s/ Michele Keusche, as Attorney-in-Fact for Duncan Fulton
Issuer symbol
QSR
Transactions as of
15 Dec 2024
Net transactions value
-$174,767
Form type
4
Filing time
17 Dec 2024, 17:05:51 UTC
Previous filing
08 Oct 2024
Next filing
03 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise $0 +2,349 +9.3% $0.000000 27,735 15 Dec 2024 Direct
transaction QSR Common Shares Sale $85,361 -1,257 -4.5% $67.89 26,477 16 Dec 2024 Direct F1, F2
transaction QSR Common Shares Options Exercise $0 +2,460 +9.3% $0.000000 28,938 15 Dec 2024 Direct
transaction QSR Common Shares Sale $89,406 -1,317 -4.6% $67.89 27,621 16 Dec 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 -2,349 -33% $0.000000 4,696 15 Dec 2024 Common Shares 2,349 Direct F6, F12
transaction QSR Restricted Share Units Options Exercise $0 -2,460 -25% $0.000000 7,381 15 Dec 2024 Common Shares 2,460 Direct F6, F14
holding QSR Option (Right to Buy) 60,000 15 Dec 2024 Common Shares 60,000 $63.64 Direct F3, F4
holding QSR Option (Right to Buy) 15,000 15 Dec 2024 Common Shares 15,000 $66.31 Direct F5
holding QSR Restricted Share Units 3,113 15 Dec 2024 Common Shares 3,113 Direct F6, F7
holding QSR Performance Share Units 29,579 15 Dec 2024 Common Shares 29,579 Direct F8
holding QSR Restricted Share Units 1,900 15 Dec 2024 Common Shares 1,900 Direct F6, F9
holding QSR Restricted Share Units 6,161 15 Dec 2024 Common Shares 6,161 Direct F6, F10
holding QSR Performance Share Units 26,826 15 Dec 2024 Common Shares 26,826 Direct F11
holding QSR Performance Share Units 23,002 15 Dec 2024 Common Shares 23,002 Direct F13
holding QSR Performance Share Units 20,313 15 Dec 2024 Common Shares 20,313 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.