Sami Siddiqui - Mar 10, 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Role
Chief Financial Officer
Signature
/s/ Michele Keusch, as Attorney-in-Fact for Sami Siddiqui
Stock symbol
QSR
Transactions as of
Mar 10, 2025
Transactions value $
-$855,528
Form type
4
Date filed
3/12/2025, 05:18 PM
Previous filing
Mar 4, 2025
Next filing
Mar 21, 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 Sale -$180K -2.57K -2.72% $70.15 91.9K Mar 10, 2025 Direct F1
transaction QSR Common Shares Sale -$675K -9.93K -10.81% $68.00 81.9K Mar 11, 2025 Direct
holding QSR Common Shares 179K Mar 10, 2025 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
holding QSR Option (Right to Buy) 80K Mar 10, 2025 Common Shares 80K $55.55 Direct F3
holding QSR Option (Right to Buy) 20K Mar 10, 2025 Common Shares 20K $66.31 Direct F3
holding QSR Restricted Share Units 2.4K Mar 10, 2025 Common Shares 2.4K Direct F4, F5
holding QSR Restricted Share Units 4.74K Mar 10, 2025 Common Shares 4.74K Direct F4, F6
holding QSR Performance Share Units 39.3K Mar 10, 2025 Common Shares 39.3K Direct F7
holding QSR Restricted Share Units 10.8K Mar 10, 2025 Common Shares 10.8K Direct F4, F8
holding QSR Performance Share Units 48K Mar 10, 2025 Common Shares 48K Direct F9
holding QSR Restricted Share Units 10K Mar 10, 2025 Common Shares 10K Direct F4, F10
holding QSR Performance Share Units 69K Mar 10, 2025 Common Shares 69K Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.00 to $70.33 per shares. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each price.
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 fully vested and exercisable.
F4 Each restricted share unit represents a contingent right to receive one common share.
F5 These restricted share units vest in equal annual installments. The remaining vesting is on December 31, 2025.
F6 These restricted share units vest in equal annual installments. The remaining vesting occur on December 15, 2025 and December 15, 2026.
F7 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.
F8 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2025, December 15, 2026 and December 15, 2027.
F9 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.
F10 These restricted share units vest in equal installments on December 15, 2025, December 15, 2026, December 15, 2027 and December 15, 2028.
F11 The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs will have a performance period beginning February 28, 2025 and ending February 28, 2028. 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.