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

Role
President, Popeyes-US & Canada
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jeffrey W. Klein
Stock symbol
QSR
Transactions as of
Dec 31, 2024
Transactions value $
$0
Form type
4
Date filed
1/3/2025, 04:59 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 +3.62K +45.58% 11.6K 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 -3.62K -100% $0.00 0 Dec 31, 2024 Common Shares 3.62K Direct F2, F3
holding QSR Restricted Share Units 1.6K Dec 31, 2024 Common Shares 1.6K Direct F2, F4
holding QSR Performance Share Units 10.9K Dec 31, 2024 Common Shares 10.9K Direct F5
holding QSR Restricted Share Units 3.71K Dec 31, 2024 Common Shares 3.71K Direct F2, F6
holding QSR Performance Share Units 10.1K Dec 31, 2024 Common Shares 10.1K Direct F7
holding QSR Performance Share Units 22.7K Dec 31, 2024 Common Shares 22.7K Direct F8
* 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 restricted share unit represents a contingent right to receive one common share.
F3 These restricted share units vest on December 31, 2024.
F4 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F5 The shares reported represent an award of performance base share units (the "2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning on 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.
F6 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F7 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.
F8 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 period.