Jacqueline Friesner - Jul 8, 2025 Form 4 Insider Report for Restaurant Brands International Inc. (QSR)

Signature
/s/ Deul Lim, as Attorney-in-Fact for Jacqueline Friesner
Stock symbol
QSR
Transactions as of
Jul 8, 2025
Transactions value $
$0
Form type
4
Date filed
7/10/2025, 05:02 PM
Previous filing
May 28, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Friesner Jacqueline SVP, Controller and Principal Accounting Officer C/O RESTAURANT BRANDS INTERNATIONAL INC., 5707 BLUE LAGOON DRIVE, MIAMI /s/ Deul Lim, as Attorney-in-Fact for Jacqueline Friesner 2025-07-10 0001552051

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding QSR Common Shares 183K Jul 8, 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 +18.5 +0.91% $0.00 2.04K Jul 8, 2025 Common Shares 18.5 Direct F2, F3, F4
transaction QSR Restricted Share Units Award $0 +34.3 +0.91% $0.00 3.79K Jul 8, 2025 Common Shares 34.3 Direct F2, F3, F5
transaction QSR Performance Share Units Award $0 +131 +0.91% $0.00 14.4K Jul 8, 2025 Common Shares 131 Direct F6, F7
transaction QSR Restricted Share Units Award $0 +47.2 +0.91% $0.00 5.21K Jul 8, 2025 Common Shares 47.2 Direct F2, F3, F8
transaction QSR Performance Share Units Award $0 +156 +0.91% $0.00 17.2K Jul 8, 2025 Common Shares 156 Direct F7, F9
transaction QSR Restricted Share Units Award $0 +40.7 +0.91% $0.00 4.49K Jul 8, 2025 Common Shares 40.7 Direct F2, F3, F10
transaction QSR Performance Share Units Award $0 +156 +0.91% $0.00 17.2K Jul 8, 2025 Common Shares 156 Direct F7, F11
holding QSR Exchangeable Units 9.1K Jul 8, 2025 Common Shares 9.1K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 shares 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 Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date.
F2 Each restricted share units represent a contingent right to receive one common share.
F3 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.
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 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.
F8 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.
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 annual installments. The vestings will occur 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 have a performance period beginning on February 28, 2025 and ending on 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.

Remarks:

SVP, Controller and Principal Accounting Officer