Sami Siddiqui - 31 Dec 2022 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Brand Pres., Popeyes, Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami A. Siddiqui
Issuer symbol
QSR
Transactions as of
31 Dec 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 16:35:57 UTC
Previous filing
22 Nov 2022
Next filing
06 Jan 2023
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 +4,686 +51% 13,955 31 Dec 2022 Direct F1
transaction QSR Common Shares Options Exercise +2,736 +20% 16,691 31 Dec 2022 Direct F1
transaction QSR Common Shares Options Exercise +2,228 +13% 18,919 31 Dec 2022 Direct F1
holding QSR Common Shares 125,860 31 Dec 2022 By Trust F2

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 -4,686 -50% $0.000000 4,686 31 Dec 2022 Common Shares 4,686 Direct F4, F10
transaction QSR Restricted Share Units Options Exercise $0 -2,736 -33% $0.000000 5,470 31 Dec 2022 Common Shares 2,736 Direct F4, F11
transaction QSR Restricted Share Units Options Exercise $0 -2,228 -25% $0.000000 6,686 31 Dec 2022 Common Shares 2,228 Direct F4, F13
holding QSR Option (Right to Buy) 80,000 31 Dec 2022 Common Shares 80,000 $55.55 Direct F3
holding QSR Option (Right to Buy) 20,000 31 Dec 2022 Common Shares 20,000 $66.31 Direct
holding QSR Restricted Share Units 6,550 31 Dec 2022 Common Shares 6,550 Direct F4, F5
holding QSR Restricted Share Units 7,955 31 Dec 2022 Common Shares 7,955 Direct F4, F6
holding QSR Performance Share Units 57,192 31 Dec 2022 Common Shares 57,192 Direct F7
holding QSR Performance Share Units 22,211 31 Dec 2022 Common Shares 22,211 Direct F8
holding QSR Performance Share Units 21,487 31 Dec 2022 Common Shares 21,487 Direct F9
holding QSR Performance Share Units 28,542 31 Dec 2022 Common Shares 28,542 Direct F12
holding QSR Performance Share Units 40,661 31 Dec 2022 Common Shares 40,661 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 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.
F3 These options are immediately exercisable.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 These restricted share units vest on December 31, 2023.
F6 These restricted share units vest on December 31, 2024.
F7 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 21, 2024, which is the fifth anniversary of the grant date.
F8 The shares reported represent an award of performance based restricted share units (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 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.
F9 The shares reported represent an award of performance based restricted share units ("2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025.
F10 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.
F11 These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
F12 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.
F13 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F14 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.