Ali Hedayat - 03 May 2024 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Director
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Ali Hedayat
Issuer symbol
QSR
Transactions as of
03 May 2024
Transactions value $
-$105,851
Form type
4
Filing time
07 May 2024, 20:26:01 UTC
Previous filing
03 Jan 2024
Next filing
03 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 $532,289 +11,381 +57% $46.77 31,418 03 May 2024 Direct F1, F2
transaction QSR Common Shares Sale -$638,140 -8,537 -27% $74.75 22,881 03 May 2024 Direct F1, F3

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 Option (Right to Buy) Options Exercise $0 -11,381 -100% $0* 0 03 May 2024 Common Shares 11,381 $46.77 Direct F1, F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.
F2 The options were issued with an exercise price of CAD $61.65. The reported exercise price represents the U.S. dollar equivalent.
F3 The reported shares were sold in Canadian dollars and converted into their U.S. dollar equivalent using the Bank of Canada daily exchange rate on May 3, 2024 of 0.7314.
F4 These options are immediately exercisable.