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Filing Details

Accession Number:: 0001209191-22-058663
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2022-11-23 16:50:39
Reporting Period:: 2022-11-22

Accepted Time:: 2022-11-23 16:50:39
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
1842463	Chan David Shear	C/O Restaurant Brands International Inc. 5707 Blue Lagoon Drive Miami FL 33126	President, International	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 Shares	Acquisiton	2022-11-22	169,478	$42.26	326,745	No	4	M	Direct
Common Shares	Disposition	2022-11-22	166,178	$67.78	160,567	No	4	S	Direct
Common Shares	Disposition	2022-11-22	3,300	$68.47	157,267	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
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	2022-11-22	169,478	$0.00	169,478	$42.26

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2025-03-05	No	4	M	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Exchangeable Units	$0.00			2,545	2,545	Direct
Common Shares	Option (Right to Buy)	$55.55		2027-02-23	100,000	100,000	Direct
Common Shares	Option (right to Buy)	$58.44	2023-02-23	2028-02-22	40,000	40,000	Direct
Common Shares	Restricted Share Units	$0.00			9,220	9,220	Direct
Common Shares	Restricted Share Units	$0.00			9,680	9,680	Direct
Common Shares	Performance Share Units	$0.00	2024-02-22	2024-02-22	57,192	57,192	Direct
Common Shares	Option (Right to Buy)	$66.31	2025-02-21	2030-02-20	25,000	25,000	Direct
Common Shares	Restricted Share Units	$0.00			6,699	6,699	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	27,764	27,764	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	21,487	21,487	Direct
Common Shares	Restricted Share Units	$0.00			11,715	11,715	Direct
Common Shares	Restricted Share Units	$0.00			8,548	8,548	Direct
Common Shares	Performance Share Units	$0.00	2024-02-19	2024-02-19	35,678	35,678	Direct
Common Shares	Restricted Share Units	$0.00			19,553	19,553	Direct
Common Shares	Performance Share Units	$0.00	2025-02-25	2025-02-25	60,992	60,992	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	2,545	2,545	Direct
2027-02-23	100,000	100,000	Direct
2028-02-22	40,000	40,000	Direct
	9,220	9,220	Direct
	9,680	9,680	Direct
2024-02-22	57,192	57,192	Direct
2030-02-20	25,000	25,000	Direct
	6,699	6,699	Direct
2025-02-21	27,764	27,764	Direct
2025-02-21	21,487	21,487	Direct
	11,715	11,715	Direct
	8,548	8,548	Direct
2024-02-19	35,678	35,678	Direct
	19,553	19,553	Direct
2025-02-25	60,992	60,992	Direct

Footnotes

Represents the weighted average price of the shares sold. The reported shares were sold at prices ranging from USD$67.42 to USD$68.415 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 at prices ranging from USD$68.42 to USD$68.525 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.
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.
These options are immediately exercisable.
Each restricted share unit represents a contingent right to receive one common share.
These restricted share units vest on December 31, 2022.
These restricted share units vest on December 31, 2023.
The shares reported represent an award of performance based restricted share units (the "2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2024, which is the fifth anniversary of the grant date.
These restricted share units vest on December 31, 2024.
The shares reported represent an award of performance based restricted share units (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025, which is the fifth anniversary of the grant date.
The shares reported represent an award of performance based restricted share units (the "2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025.
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023.
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on February 19, 2024. 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.
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025.
The shares reported represent an award of performance based restricted share units ("2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest on February 25, 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.