Jose E. Cil - 07 Jul 2021 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Chief Executive Officer
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Jose Cil
Issuer symbol
QSR
Transactions as of
07 Jul 2021
Net transactions value
$0
Form type
4
Filing time
09 Jul 2021, 18:13:26 UTC
Previous filing
03 Jun 2021
Next filing
07 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 250,619 07 Jul 2021 Direct
holding QSR Common Shares 46,500 07 Jul 2021 By Trust F1
holding QSR Common Shares 4,700 07 Jul 2021 By Trust F2
holding QSR Common Shares 140,300 07 Jul 2021 By Trust F3
holding QSR Common Shares 13,750 07 Jul 2021 By Trust F4
holding QSR Common Shares 189,750 07 Jul 2021 By Trust F5
holding QSR Common Shares 90,000 07 Jul 2021 By GRAT F6

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 Award $0 +155 +0.82% $0.000000 19,047 07 Jul 2021 Common Shares 155 Direct F9, F10, F11
transaction QSR Restricted Share Units Award $0 +146 +0.82% $0.000000 17,905 07 Jul 2021 Common Shares 146 Direct F9, F10, F12
transaction QSR Performance Share Units Award $0 +2,043 +0.82% $0.000000 250,293 07 Jul 2021 Common Shares 2,043 Direct F13, F14
transaction QSR Restricted Share Units Award $0 +128 +0.82% $0.000000 15,679 07 Jul 2021 Common Shares 128 Direct F9, F10, F15
transaction QSR Performance Share Units Award $0 +2,450 +0.82% $0.000000 300,194 07 Jul 2021 Common Shares 2,450 Direct F14, F16
transaction QSR Restricted Share Units Award $0 +149 +0.82% $0.000000 18,208 07 Jul 2021 Common Shares 149 Direct F9, F10, F17
transaction QSR Performance Share Units Award $0 +2,163 +0.82% $0.000000 264,964 07 Jul 2021 Common Shares 2,163 Direct F14, F18
transaction QSR Restricted Share Units Award $0 +411 +0.82% $0.000000 50,311 07 Jul 2021 Common Shares 411 Direct F9, F10, F19
transaction QSR Restricted Share Units Award $0 +231 +0.82% $0.000000 28,321 07 Jul 2021 Common Shares 231 Direct F9, F10, F20
transaction QSR Performance Share Units Award $0 +834 +0.82% $0.000000 102,147 07 Jul 2021 Common Shares 834 Direct F14, F21
holding QSR Exchangeable units 105,758 07 Jul 2021 Common Shares 105,758 Direct F7
holding QSR Option (right to buy) 35,967 07 Jul 2021 Common Shares 35,967 $42.26 Direct F8
holding QSR Option (right to buy) 166,667 07 Jul 2021 Common Shares 166,667 $42.26 Direct F8
holding QSR Option (right to buy) 118,237 07 Jul 2021 Common Shares 118,237 $33.67 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares are held by an irrevocable life insurance trust for the benefit of the Reporting Person's children and other family members. The Reporting Person's family member is the trustee of such trust.
F2 These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
F3 These shares are held by an irrevocable family trust for the benefit of the Reporting Person's spouse and children. The Reporting Person retains investment control over the Issuer securities held by such trust.
F4 These shares are held by a revocable trust, of which the Reporting Person's spouse is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
F5 These shares are held by an irrevocable family trust for the benefit of the Reporting Person and his children. The Reporting Person retains investment control over the Issuer securities held by such trust.
F6 These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
F7 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.
F8 These options are immediately exercisable.
F9 Each restricted share unit represents a contingent right to receive one common share.
F10 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.
F11 These restricted share units vest on December 31, 2021.
F12 These restricted share units vest on December 31, 2022.
F13 The shares reported represent an award of performance based restricted share units ("2018 PBRSUs") granted to the Reporting Person. The 2018 PBRSUs had a three-year performance period beginning January 1, 2015 and ending December 31, 2018 and will vest 100% on February 23, 2023, which is the fifth anniversary of the grant date.
F14 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.
F15 These restricted share units vest on December 31, 2023.
F16 The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2024, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.
F17 These restricted share units vest on December 31, 2024.
F18 The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2025, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.
F19 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
F20 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F21 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.