Filing Details

Accession Number:
0001209191-20-064660
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-12-21 16:49:03
Reporting Period:
2020-12-17
Accepted Time:
2020-12-21 16:49:03
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
1594977 Mr Axel Schwan 130 King Street West
Suite 300
Toronto A6 M5X 1E1
Pres., Tim Hortons Americas No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Shares Acquisiton 2020-12-17 40,625 $42.26 65,758 No 4 M Direct
Common Shares Disposition 2020-12-17 32,356 $62.03 33,402 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
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Shares Option (right to buy) Disposition 2020-12-17 40,625 $0.00 40,625 $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
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Shares Exchangeable Units $0.00 2,539 2,539 Direct
Common Shares Option (right to buy) $33.67 2021-02-26 2026-02-25 40,000 40,000 Direct
Common Shares Restricted Share Units $0.00 17,820 17,820 Direct
Common Shares Dividend Equivalent Rights $0.00 2,299 2,299 Direct
Common Shares Restricted Share Units $0.00 8,013 8,013 Direct
Common Shares Dividend Equivalent Rights $0.00 904 904 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 5,757 5,757 Direct
Common Shares Dividend Equivalent Rights $0.00 568 568 Direct
Common Shares Option (right to buy) $64.75 2024-02-22 2029-02-21 30,000 30,000 Direct
Common Shares Restricted Share Units $0.00 5,372 5,372 Direct
Common Shares Dividend Equivalent Rights $0.00 348 348 Direct
Common Shares Option (right to buy) $66.31 2025-02-21 2030-02-20 56,000 56,000 Direct
Common Shares Restricted Share Units $0.00 2,715 2,715 Direct
Common Shares Dividend Equivalent Rights $0.00 92 92 Direct
Common Shares Performance Share Units $0.00 2025-02-21 2025-02-21 40,000 40,000 Direct
Common Shares Dividend Equivalent Rights $0.00 1,349 1,349 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2,539 2,539 Direct
2026-02-25 40,000 40,000 Direct
17,820 17,820 Direct
2,299 2,299 Direct
8,013 8,013 Direct
904 904 Direct
2028-02-22 40,000 40,000 Direct
5,757 5,757 Direct
568 568 Direct
2029-02-21 30,000 30,000 Direct
5,372 5,372 Direct
348 348 Direct
2030-02-20 56,000 56,000 Direct
2,715 2,715 Direct
92 92 Direct
2025-02-21 40,000 40,000 Direct
1,349 1,349 Direct
Footnotes
  1. The Reporting Person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $61.59 to $62.27 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. The proceeds from the sale of shares were used to cover the aggregate exercise price of the options exercised and to satisfy tax withholding obligations for all of the reported transactions.
  3. 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 cashamount 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 theexchange 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). Thisconversion right has no expiration date.
  4. These options are immediately exercisable.
  5. Each restricted share unit represents a contingent right to receive one common share.
  6. These restricted share units vest on December 31, 2020.
  7. Each whole dividend equivalent right represents a contingent right to receive one common share.
  8. 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 vestproportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.
  9. These restricted share units vest on December 31, 2021.
  10. 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 vestproportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.
  11. These restricted share units vest on December 31, 2022.
  12. 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 vestproportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.
  13. These restricted share units vest on December 31, 2023.
  14. 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 vestproportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.
  15. These restricted share units vest on December 31, 2024.
  16. 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.
  17. 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, 2020 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.
  18. 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.
  19. 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.