Axel Schwan - 21 Feb 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Pres., Tim Hortons Americas
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Axel Schwan
Issuer symbol
QSR
Transactions as of
21 Feb 2025
Net transactions value
-$1,593,715
Form type
4
Filing time
25 Feb 2025, 17:52:20 UTC
Previous filing
07 Jan 2025
Next filing
27 Feb 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 $0 +47,750 +45% $0.000000 153,062 21 Feb 2025 Direct
transaction QSR Common Shares Sale $1,593,715 -25,561 -17% $62.35 127,501 21 Feb 2025 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 Performance Share Units Options Exercise $0 -47,750 -100% $0.000000 0 21 Feb 2025 Common Shares 47,750 Direct F3
holding QSR Option (Right to Buy) 40,000 21 Feb 2025 Common Shares 40,000 $58.44 Direct F2
holding QSR Option (Right to Buy) 30,000 21 Feb 2025 Common Shares 30,000 $64.75 Direct F2
holding QSR Option (Right to Buy) 56,000 21 Feb 2025 Common Shares 56,000 $66.31 Direct F2
holding QSR Restricted Share Units 3,849 21 Feb 2025 Common Shares 3,849 Direct F4, F5
holding QSR Performance Share Units 43,708 21 Feb 2025 Common Shares 43,708 Direct F6
holding QSR Restricted Share Units 8,361 21 Feb 2025 Common Shares 8,361 Direct F4, F7
holding QSR Performance Share Units 78,671 21 Feb 2025 Common Shares 78,671 Direct F8
holding QSR Restricted Share Units 10,355 21 Feb 2025 Common Shares 10,355 Direct F4, F9
holding QSR Performance Share Units 54,830 21 Feb 2025 Common Shares 54,830 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units.
F2 These options are fully vested and exercisable.
F3 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.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
F6 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.
F7 These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
F8 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.
F9 These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
F10 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 condition.