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Filing Details

Accession Number:: 0000950170-23-071603
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-12-19 17:28:29
Reporting Period:: 2023-12-15

Accepted Time:: 2023-12-19 17:28:29
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	No	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	2023-12-15	1,786	$0.00	128,234	No	4	M	Direct
Common Shares	Disposition	2023-12-15	702	$73.68	127,531	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	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	Disposition	2023-12-15	1,786	$0.00	1,786	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
5,360			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			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
Common Shares	Restricted Share Units	$0.00			5,215	5,215	Direct
Common Shares	Performance Share Units	$0.00	2024-02-22	2024-02-22	23,628	23,628	Direct
Common Shares	Restricted Share Units	$0.00			4,191	4,191	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	11,470	11,470	Direct
Common Shares	Restricted Share Units	$0.00			8,250	8,250	Direct
Common Shares	Restricted Share Units	$0.00			2,558	2,558	Direct
Common Shares	Restricted Share Units	$0.00			5,770	5,770	Direct
Common Shares	Performance Share Units	$0.00	2025-02-25	2025-02-25	15,749	15,749	Direct
Common Shares	Performance Share Units	$0.00	2026-02-22	2026-02-22	13,607	13,607	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
	5,215	5,215	Direct
2024-02-22	23,628	23,628	Direct
	4,191	4,191	Direct
2025-02-21	11,470	11,470	Direct
	8,250	8,250	Direct
	2,558	2,558	Direct
	5,770	5,770	Direct
2025-02-25	15,749	15,749	Direct
2026-02-22	13,607	13,607	Direct

Footnotes

Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's restricted share units.
Each restricted share unit represents a contingent right to receive one common share.
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
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 fully vested and exercisable.
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 22, 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 ("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 25, 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.
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 100% 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.