Thomas B. Curtis - Mar 19, 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Stock symbol
QSR
Transactions as of
Mar 19, 2025
Transactions value $
-$1,572,740
Form type
4
Date filed
3/21/2025, 05:33 PM
Previous filing
Mar 4, 2025
Next filing
Apr 8, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction QSR Common Shares Sale -$1.57M -23K -23.74% $68.38 73.9K Mar 19, 2025 Direct F1, 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 Restricted Share Units 2.53K Mar 19, 2025 Common Shares 2.53K Direct F3, F4
holding QSR Restricted Share Units 4.84K Mar 19, 2025 Common Shares 4.84K Direct F3, F5
holding QSR Performance Share Units 47.2K Mar 19, 2025 Common Shares 47.2K Direct F6
holding QSR Restricted Share Units 11.3K Mar 19, 2025 Common Shares 11.3K Direct F3, F7
holding QSR Performance Share Units 61.7K Mar 19, 2025 Common Shares 61.7K Direct F8
holding QSR Restricted Share Units 9.38K Mar 19, 2025 Common Shares 9.38K Direct F3, F9
holding QSR Performance Share Units 61.4K Mar 19, 2025 Common Shares 61.4K Direct F10
* 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 $68.25 to $68.62 per share. 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 The number of shares reflects an addition of 90 shares that were inadvertently subtracted due to a typographical error made in the Reporting Person's Form 4 timely filed on February 26, 2024.
F3 Each restricted share unit represents a contingent right to receive one common share.
F4 These restricted share units vest in equal annual installments. The remaining vesting will occur on December 31, 2025.
F5 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025 and December 15, 2026.
F6 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.
F7 These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025, December 15, 2026 and December 15, 2027.
F8 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.
F9 These restricted share units vest in equal annual installments. The vestings will occur on December 15, 2025, December 15, 2026, December 15, 2027 and December 15, 2028.
F10 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 and to the extent earned will vest on March 15, 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.