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Filing Details

Accession Number:: 0001618756-24-000195
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-10 17:12:09
Reporting Period:: 2024-12-06

Accepted Time:: 2024-12-10 17:12:09
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
1552022	Jill Granat	C/O Restaurant Brands International Inc. 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
Common Shares	Disposition	2024-12-06	22,000	$69.74	388,759	No	4	S	Direct
Common Shares	Acquisiton	2024-12-06	59,387	$33.67	448,146	No	4	M	Direct
Common Shares	Disposition	2024-12-06	59,387	$69.24	388,759	No	4	S	Direct
Common Shares	Acquisiton	2024-12-09	10,613	$33.67	399,372	No	4	M	Direct
Common Shares	Disposition	2024-12-09	9,835	$70.38	389,537	No	4	S	Direct
Common Shares	Disposition	2024-12-09	778	$70.81	388,759	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	M	Direct
No	4	S	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	2024-12-06	59,387	$0.00	59,387	$33.67
Common Shares	Option (Right to Buy)	Disposition	2024-12-09	10,613	$0.00	10,613	$33.67

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,613		2026-02-25	No	4	M	Direct
0		2026-02-25	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			52,965	52,965	Direct
Common Shares	Option (Right to Buy)	$56.92		2027-05-04	50,000	50,000	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			8,840	8,840	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	29,582	29,582	Direct
Common Shares	Restricted Share Units	$0.00			2,976	2,976	Direct
Common Shares	Restricted Share Units	$0.00			9,375	9,375	Direct
Common Shares	Performance Share Units	$0.00	2025-02-25	2025-02-25	37,909	37,909	Direct
Common Shares	Restricted Share Units	$0.00			11,372	11,372	Direct
Common Shares	Performance Share Units	$0.00	2026-02-22	2026-02-22	35,091	35,091	Direct
Common Shares	Restricted Share Units	$0.00			14,976	14,976	Direct
Common Shares	Performance Share Units	$0.00	2027-03-15	2027-03-15	33,969	33,969	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	52,965	52,965	Direct
2027-05-04	50,000	50,000	Direct
2030-02-20	25,000	25,000	Direct
	8,840	8,840	Direct
2025-02-21	29,582	29,582	Direct
	2,976	2,976	Direct
	9,375	9,375	Direct
2025-02-25	37,909	37,909	Direct
	11,372	11,372	Direct
2026-02-22	35,091	35,091	Direct
	14,976	14,976	Direct
2027-03-15	33,969	33,969	Direct

Footnotes

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.62 to $69.85 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 price.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.00 to $69.68 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 price.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.69 to $70.66 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 price.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.73 to $70.85 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 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 share 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 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.
Each restricted share unit represents a contingent right to receive one common share.
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 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 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.
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
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.
These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
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.