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Filing Details

Accession Number:: 0001209191-23-002492
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-01-06 21:19:11
Reporting Period:: 2023-01-04

Accepted Time:: 2023-01-06 21:19:11
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1618756	Restaurant Brands International Inc.	QSR	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1552051	Jacqueline Friesner	130 King Street West Suite 300 Toronto A6 M5X 1E1	See Remarks	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	Explanation
Common Shares	Acquisiton	2023-01-04	94	$0.00	128,907	No	4	A	Direct
Common Shares	Disposition	2023-01-04	4,553	$65.04	124,354	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	A	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	Restricted Share Units	Acquisiton	2023-01-04	42	$0.00	42	$0.00
Common Shares	Performance Share Units	Acquisiton	2023-01-04	192	$0.00	192	$0.00
Common Shares	Restricted Share Units	Acquisiton	2023-01-04	34	$0.00	34	$0.00
Common Shares	Performance Share Units	Acquisiton	2023-01-04	93	$0.00	93	$0.00
Common Shares	Restricted Share Units	Acquisiton	2023-01-04	67	$0.00	67	$0.00
Common Shares	Restricted Share Units	Acquisiton	2023-01-04	21	$0.00	21	$0.00
Common Shares	Restricted Share Units	Acquisiton	2023-01-04	47	$0.00	47	$0.00
Common Shares	Performance Share Units	Acquisiton	2023-01-04	128	$0.00	128	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,091			No	4	A	Direct
23,068	2024-02-22	2024-02-22	No	4	A	Direct
4,092			No	4	A	Direct
11,199	2025-02-21	2025-02-21	No	4	A	Direct
8,054			No	4	A	Direct
2,497			No	4	A	Direct
5,634			No	4	A	Direct
15,376	2025-02-25	2025-02-25	No	4	A	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Shares	Exchangeable units	$0.00		9,098	9,098	Direct
Common Shares	Option (right to buy)	$33.67	2026-02-25	50,000	50,000	Direct
Common Shares	Option (right to buy)	$55.55	2027-02-23	20,000	20,000	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	9,098	9,098	Direct
2026-02-25	50,000	50,000	Direct
2027-02-23	20,000	20,000	Direct

Footnotes

Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award.
Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units.
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.
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.
These restricted share units vest on December 31, 2023.
The shares reported represent an award of performance based restricted share units ("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.
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 performance based restricted share units to which they relate.
These restricted share units vest on December 31, 2024.
The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 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.
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 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, 2022 and to the extent earned will vest 100% 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.