Jeffrey Housman - 31 Dec 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Officer
Signature
/s/ Michele Keusch as Attorney-in-Fact for Jeffrey Housman
Issuer symbol
QSR
Transactions as of
31 Dec 2024
Net transactions value
$0
Form type
4
Filing time
03 Jan 2025, 16:58:49 UTC
Previous filing
17 Dec 2024
Next filing
07 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 +2,906 +3% 100,173 31 Dec 2024 Direct F1
transaction QSR Common Shares Options Exercise +7,092 +7.1% 107,266 31 Dec 2024 Direct F1
transaction QSR Common Shares Options Exercise +1,238 +1.2% 108,504 31 Dec 2024 Direct F1
transaction QSR Common Shares Options Exercise +3,256 +3% 111,760 31 Dec 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 -2,906 -100% $0.000000 0 31 Dec 2024 Common Shares 2,906 Direct F4, F5
transaction QSR Restricted Share Units Options Exercise $0 -7,092 -100% $0.000000 0 31 Dec 2024 Common Shares 7,092 Direct F4, F7
transaction QSR Restricted Share Units Options Exercise $0 -1,238 -100% $0.000000 0 31 Dec 2024 Common Shares 1,238 Direct F4, F7
transaction QSR Restricted Share Units Options Exercise $0 -3,256 -50% $0.000000 3,257 31 Dec 2024 Common Shares 3,256 Direct F4, F8
holding QSR Exchangeable Units 431 31 Dec 2024 Common Shares 431 Direct F2
holding QSR Option (Right to Buy) 20,000 31 Dec 2024 Common Shares 20,000 $55.55 Direct F3
holding QSR Option (Right to Buy) 30,000 31 Dec 2024 Common Shares 30,000 $58.44 Direct F3
holding QSR Option (Right to Buy) 20,000 31 Dec 2024 Common Shares 20,000 $66.31 Direct
holding QSR Performance Share Units 23,666 31 Dec 2024 Common Shares 23,666 Direct F6
holding QSR Performance Share Units 27,078 31 Dec 2024 Common Shares 27,078 Direct F9
holding QSR Restricted Share Units 4,934 31 Dec 2024 Common Shares 4,934 Direct F4, F10
holding QSR Performance Share Units 23,394 31 Dec 2024 Common Shares 23,394 Direct F11
holding QSR Restricted Share Units 7,632 31 Dec 2024 Common Shares 7,632 Direct F4, F12
holding QSR Performance Share Units 27,175 31 Dec 2024 Common Shares 27,175 Direct F13
* 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 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 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F8 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F9 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, which has been selected as the vesting date of the grant. 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.
F10 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F11 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.
F12 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F13 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 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 eaned at the end of hte performance period is subject to increase or decrease based on the results of the performance condition.