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Filing Details

Accession Number:: 0001209191-20-050756
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-09-16 18:02:10
Reporting Period:: 2020-09-14

Accepted Time:: 2020-09-16 18:02:10
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1618756	Restaurant Brands International Inc.	QSR	Retail-Eating Places (5812)	000000000

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1771305	A Felipe Athayde	5707 Blue Lagoon Drive Miami FL 33126	Brand Pres., Popeyes, Americas	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2020-09-14	3,714	$42.26	24,667	No	4	M	Direct
Common Stock	Acquisiton	2020-09-14	133,333	$42.26	158,000	No	4	M	Direct
Common Stock	Disposition	2020-09-14	152,980	$56.20	5,020	No	4	S	Direct
Common Stock	Disposition	2020-09-14	5,020	$56.23	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Shares	Option (right to buy)	Disposition	2020-09-14	3,714	$0.00	3,714	$42.26
Common Shares	Option (right to buy)	Disposition	2020-09-14	133,333	$0.00	133,333	$42.26
Common Shares	Restricted Share Units	Disposition	2020-09-14	10,692	$0.00	10,692	$0.00
Common Shares	Dividend Equivalent Rights	Disposition	2020-09-14	1,271	$0.00	1,271	$0.00
Common Shares	Restricted Share Units	Disposition	2020-09-14	6,833	$0.00	6,833	$0.00
Common Shares	Dividend Equivalent Rights	Disposition	2020-09-14	703	$0.00	703	$0.00
Common Shares	Restricted Share Units	Disposition	2020-09-14	3,307	$0.00	3,307	$0.00
Common Shares	Dividend Equivalent Rights	Disposition	2020-09-14	294	$0.00	294	$0.00
Common Shares	Restricted Share Units	Disposition	2020-09-14	6,907	$0.00	6,907	$0.00
Common Shares	Dividend Equivalent Rights	Disposition	2020-09-14	381	$0.00	381	$0.00
Common Shares	Restricted Share Units	Disposition	2020-09-14	4,415	$0.00	4,415	$0.00
Common Shares	Dividend Equivalent Rights	Disposition	2020-09-14	108	$0.00	108	$0.00

Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2025-03-05	No	4	M	Direct
2025-03-05	No	4	M	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct
	No	4	D	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Performance Share Units	$0.00	2021-02-06	2021-02-06	80,800	80,800	Direct
Common Shares	Dividend Equivalent Rights	$0.00			9,600	9,600	Direct
Common Shares	Option (right to buy)	$64.75	2024-02-22	2029-02-21	30,000	30,000	Direct
Common Shares	Option (right to buy)	$66.31	2025-02-21	2030-02-20	15,000	15,000	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	15,000	15,000	Direct
Common Shares	Dividend Equivalent Rights	$0.00			367	367	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	20,000	20,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2021-02-06	80,800	80,800	Direct
	9,600	9,600	Direct
2029-02-21	30,000	30,000	Direct
2030-02-20	15,000	15,000	Direct
2025-02-21	15,000	15,000	Direct
	367	367	Direct
2025-02-21	20,000	20,000	Direct

Footnotes

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $55.91 to $56.28 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 separate price.
Represents the weighted average price of the shares sold. The reported shares were sold in Canadian dollars at prices ranging from CAD 74.06 to CAD 74.09 per share. The sales prices were converted into U.S. dollar equivalents ranging from $56.21 to $56.24 per share using the Bank of Canada daily exchange rate on September 14, 2020 of 0.7590. 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 separate price.
These options are immediately exercisable.
Each restricted share unit represents a contingent right to receive one common share.
Represents the forfeiture of restricted share units and dividend equivalent rights that accrued on such restricted share units. The restricted share units and dividend equivalent rights were forfeited for no consideration when the associated investment shares were sold pursuant to the terms of the Issuer's applicable Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan.
These restricted share units vest on December 31, 2020.
Each whole dividend equivalent right represents a contingent right to receive one common share.
These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.
These restricted share units vest on December 31, 2021.
These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.
These restricted share units vest on December 31, 2022.
These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.
The shares reported represent an award of performance based restricted share units (the "2016 PBRSUs") granted to the Reporting Person. The 2016 PBRSUs had a three-year performance period beginning January 1, 2015 and ending December 31, 2018 and will vest 100% on February 26, 2021, which is the fifth anniversary of the grant date.
These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.
These restricted share units vest on December 31, 2023.
These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.
These restricted share units vest on December 31, 2024.
These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.
The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs will have a performance period beginning January 1, 2019 and ending December 31, 2022 and to the extent earned will vest 100% on February 21, 2025, which is the fifth anniversary of the grant date. 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.
Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition.
These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.
The shares reported represent an award of 2020 PBRSUs granted to the Reporting Person. The 2020 PBRSUs will have a performance period beginning January 1, 2019 and ending December 31, 2022 and to the extent earned will vest 100% on February 21, 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.