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

Role: Pres., BK US & CA
Signature: /s/ Michele Keusch, as Attorney-in-Fact for Thomas B. Curtis IV
Stock symbol: QSR
Transactions as of: Apr 4, 2025
Transactions value $: $0
Form type: 4
Date filed: 4/8/2025, 05:50 PM
Previous filing: Mar 21, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	QSR	Common Shares						73.9K	Apr 4, 2025	Direct

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	Restricted Share Units	Award	$0	+23.1	+0.91%	$0.00	2.55K	Apr 4, 2025	Common Shares	23.1		Direct	F1, F2, F3
transaction	QSR	Restricted Share Units	Award	$0	+44.3	+0.91%	$0.00	4.89K	Apr 4, 2025	Common Shares	44.3		Direct	F1, F2, F4
transaction	QSR	Performance Share Units	Award	$0	+432	+0.91%	$0.00	47.6K	Apr 4, 2025	Common Shares	432		Direct	F5, F6
transaction	QSR	Restricted Share Units	Award	$0	+103	+0.91%	$0.00	11.4K	Apr 4, 2025	Common Shares	103		Direct	F1, F2, F7
transaction	QSR	Performance Share Units	Award	$0	+564	+0.91%	$0.00	62.2K	Apr 4, 2025	Common Shares	564		Direct	F6, F8
transaction	QSR	Restricted Share Units	Award	$0	+85.8	+0.91%	$0.00	9.47K	Apr 4, 2025	Common Shares	85.8		Direct	F1, F2, F9
transaction	QSR	Performance Share Units	Award	$0	+561	+0.91%	$0.00	61.9K	Apr 4, 2025	Common Shares	561		Direct	F6, F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted share unit represents a contingent right to receive one common share.
F2	Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
F3	These restricted share units vest in equal annual installments. The remaining vesting will occur on December 31, 2025.
F4	These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2025 and December 15, 2026.
F5	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.
F6	Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate.
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.