Duncan Fulton - 31 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
31 Dec 2024
Transactions value $
$0
Form type
4
Filing time
03 Jan 2025, 16:58:58 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 +3.11K +11.27% 30.7K 31 Dec 2024 Direct F1
transaction QSR Common Shares Options Exercise +1.9K +6.18% 32.6K 31 Dec 2024 Direct F1
transaction QSR Common Shares Options Exercise +3.08K +9.44% 35.7K 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 -3.11K -100% $0.00 0 31 Dec 2024 Common Shares 3.11K Direct F5, F6
transaction QSR Restricted Share Units Options Exercise $0 -1.9K -100% $0.00 0 31 Dec 2024 Common Shares 1.9K Direct F5, F8
transaction QSR Restricted Share Units Options Exercise $0 -3.08K -50% $0.00 3.08K 31 Dec 2024 Common Shares 3.08K Direct F5, F9
holding QSR Option (Right to Buy) 60K 31 Dec 2024 Common Shares 60K $63.64 Direct F2, F3
holding QSR Option (Right to Buy) 15K 31 Dec 2024 Common Shares 15K $66.31 Direct F4
holding QSR Performance Share Units 29.6K 31 Dec 2024 Common Shares 29.6K Direct F7
holding QSR Performance Share Units 26.8K 31 Dec 2024 Common Shares 26.8K Direct F10
holding QSR Restricted Share Units 4.7K 31 Dec 2024 Common Shares 4.7K Direct F5, F11
holding QSR Performance Share Units 23K 31 Dec 2024 Common Shares 23K Direct F12
holding QSR Restricted Share Units 7.38K 31 Dec 2024 Common Shares 7.38K Direct F5, F13
holding QSR Performance Share Units 20.3K 31 Dec 2024 Common Shares 20.3K Direct F14
* 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 The options were issued with an exercise price of CAD $82.81. The reported exercise price represents the U.S. dollar equivalent.
F3 These options are fully vested and exercisable.
F4 The options were issued with an exercise price of CAD $88.03. The reported exercise price represents the U.S. dollar equivalent.
F5 Each restricted share unit represents a contingent right to receive one common share.
F6 These restricted share units vest on December 31, 2024.
F7 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.
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 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.