Matthew Dunnigan - 04 Oct 2023 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Reporting relationship: CFO
Issuer ticker: QSR
Reported as of: 04 Oct 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 06 Oct 2023, 16:48:28 UTC
Prior SEC filing: 10 Jul 2023
Next SEC filing: 19 Dec 2023
Source filing: View source filing
Reporting owner signature: /s/ Michele Keusch, as Attorney-in-Fact for Matthew Dunnigan

Key filing fact

Matthew Dunnigan filed Form 4 for Restaurant Brands International Inc. (QSR) on 06 Oct 2023.

Key facts

This page summarizes Matthew Dunnigan's Form 4 filing for Restaurant Brands International Inc. (QSR).
11 reported transactions and 15 derivative rows are listed below.
Accepted by SEC: 06 Oct 2023, 16:48.

Change

Previous filing in this sequence was filed on 10 Jul 2023.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

QSR holding

Common Shares

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 39,391
Date: 04 Oct 2023
Ownership: Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +66
Change %: +0.86%
Price: $0.000000
Shares after: 7,679
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 66
Exercise price
Footnotes: F2, F3, F4

QSR transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +1,012
Change %: +0.86%
Price: $0.000000
Shares after: 118,141
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 1,012
Exercise price
Footnotes: F5, F6

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +73
Change %: +0.86%
Price: $0.000000
Shares after: 8,471
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 73
Exercise price
Footnotes: F2, F3, F7

QSR transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +491
Change %: +0.86%
Price: $0.000000
Shares after: 57,352
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 491
Exercise price
Footnotes: F6, F8

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +52
Change %: +0.86%
Price: $0.000000
Shares after: 6,050
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 52
Exercise price
Footnotes: F2, F3, F9

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +47
Change %: +0.86%
Price: $0.000000
Shares after: 5,481
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 47
Exercise price
Footnotes: F2, F3, F10

QSR transaction Derivative

Performance Share Units

Award

Transaction value: $0
Shares: +316
Change %: +0.86%
Price: $0.000000
Shares after: 36,850
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 316
Exercise price
Footnotes: F6, F11

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +108
Change %: +0.86%
Price: $0.000000
Shares after: 12,615
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 108
Exercise price
Footnotes: F2, F3, F12

QSR transaction Derivative

Performance Share Unit

Award

Transaction value: $0
Shares: +450
Change %: +0.86%
Price: $0.000000
Shares after: 52,497
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 450
Exercise price
Footnotes: F6, F13

QSR transaction Derivative

Restricted Share Units

Award

Transaction value: $0
Shares: +128
Change %: +0.86%
Price: $0.000000
Shares after: 14,894
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 128
Exercise price
Footnotes: F2, F3, F14

QSR transaction Derivative

Performance Share Unit

Award

Transaction value: $0
Shares: +324
Change %: +0.86%
Price: $0.000000
Shares after: 37,796
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 324
Exercise price
Footnotes: F6, F15

QSR holding Derivative

Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,000
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 40,000
Exercise price: $55.55
Footnotes: F1

QSR holding Derivative

Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 40,000
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 40,000
Exercise price: $56.92
Footnotes: F1

QSR holding Derivative

Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 100,000
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 100,000
Exercise price: $58.44
Footnotes: F1

QSR holding Derivative

Option (right to buy)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 50,000
Date: 04 Oct 2023
Ownership: Direct
Underlying class: Common Shares
Underlying amount: 50,000
Exercise price: $66.31

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 15 footnotes

Footnote F1

These options are fully vested and exercisable.

Footnote F2

Each restricted share unit represents a contingent right to receive one common share.

Footnote F3

Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.

Footnote F4

These restricted share units vest on December 31, 2023.

Footnote F5

The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 22, 2024, which is the fifth anniversary of the grant date.

Footnote F6

Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate.

Footnote F7

These restricted share units vest on December 31, 2024.

Footnote 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.

Footnote F9

These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.

Footnote F10

These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.

Footnote F11

The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on February 19, 2024. 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.

Footnote F12

These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.

Footnote F13

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.

Footnote F14

These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.

Footnote F15

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.