Axel Schwan - Dec 31, 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Stock symbol
QSR
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2025, 04:58 PM
Previous filing
Dec 17, 2024
Next filing
Jan 7, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Options Exercise +3.21K +3.18% 104K Dec 31, 2024 Direct F1
transaction QSR Common Shares Options Exercise +2.23K +2.14% 106K Dec 31, 2024 Direct F1
transaction QSR Common Shares Options Exercise +3.82K +3.59% 110K Dec 31, 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 -3.21K -100% $0.00 0 Dec 31, 2024 Common Shares 3.21K Direct F3, F4
transaction QSR Restricted Share Units Options Exercise $0 -2.23K -100% $0.00 0 Dec 31, 2024 Common Shares 2.23K Direct F3, F6
transaction QSR Restricted Share Units Options Exercise $0 -3.82K -50% $0.00 3.82K Dec 31, 2024 Common Shares 3.82K Direct F3, F7
holding QSR Option (Right to Buy) 40K Dec 31, 2024 Common Shares 40K $58.44 Direct F2
holding QSR Option (Right to Buy) 30K Dec 31, 2024 Common Shares 30K $64.75 Direct F2
holding QSR Option (Right to Buy) 56K Dec 31, 2024 Common Shares 56K $66.31 Direct
holding QSR Performance Share Units 47.3K Dec 31, 2024 Common Shares 47.3K Direct F5
holding QSR Performance Share Units 43.3K Dec 31, 2024 Common Shares 43.3K Direct F8
holding QSR Restricted Share Units 8.29K Dec 31, 2024 Common Shares 8.29K Direct F3, F9
holding QSR Performance Share Units 78K Dec 31, 2024 Common Shares 78K Direct F10
holding QSR Restricted Share Units 10.3K Dec 31, 2024 Common Shares 10.3K Direct F3, F11
holding QSR Performance Share Units 54.3K Dec 31, 2024 Common Shares 54.3K Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement.
F2 These options are fully vested and exercisable.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest on December 31, 2024.
F5 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.
F6 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
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, 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.
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.