| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QSR | Common Shares | Options Exercise | $0 | +51.9K | +12.32% | $0.00 | 473K | Feb 25, 2025 | Direct | F1 |
| transaction | QSR | Common Shares | Sale | -$1.31M | -20.4K | -4.3% | $64.38 | 453K | Feb 25, 2025 | Direct | F2 |
| 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 | -38.2K | -100% | $0.00 | 0 | Feb 25, 2025 | Common Shares | 38.2K | Direct | F7 | |
| holding | QSR | Exchangeable Units | 53K | Feb 25, 2025 | Common Shares | 53K | Direct | F3 | ||||||
| holding | QSR | Option (Right to Buy) | 50K | Feb 25, 2025 | Common Shares | 50K | $56.92 | Direct | F4 | |||||
| holding | QSR | Option (Right to Buy) | 25K | Feb 25, 2025 | Common Shares | 25K | $66.31 | Direct | F4 | |||||
| holding | QSR | Restricted Share Units | 4.73K | Feb 25, 2025 | Common Shares | 4.73K | Direct | F5, F6 | ||||||
| holding | QSR | Restricted Share Units | 7.65K | Feb 25, 2025 | Common Shares | 7.65K | Direct | F5, F8 | ||||||
| holding | QSR | Performance Share Units | 35.4K | Feb 25, 2025 | Common Shares | 35.4K | Direct | F9 | ||||||
| holding | QSR | Restricted Share Units | 11.3K | Feb 25, 2025 | Common Shares | 11.3K | Direct | F5, F10 | ||||||
| holding | QSR | Performance Share Units | 34.3K | Feb 25, 2025 | Common Shares | 34.3K | Direct | F11 |
| Id | Content |
|---|---|
| F1 | The 2022 PBRSUs vested at 135.76% of target based on the results of the performance condition. |
| F2 | Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units. |
| F3 | 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 share 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 Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. |
| F4 | These options are fully vested and exercisable. |
| F5 | Each restricted share unit represents a contingent right to receive one common share. |
| F6 | These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. |
| F7 | 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 100% 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. |
| F8 | These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. |
| F9 | 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. |
| F10 | These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027. |
| F11 | 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. |
Senior EVP, General Counsel & Secretary