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Filing Details

Accession Number:: 0001209191-21-037870
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-06-03 18:17:06
Reporting Period:: 2021-06-01

Accepted Time:: 2021-06-03 18:17:06
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
1552282	E. Jose Cil	130 King Street West Suite 300 Toronto A6 M5X 1E1	Chief Executive Officer	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	2021-06-01	5,300	$33.67	255,456	No	4	M	Direct
Common Shares	Disposition	2021-06-01	5,300	$70.50	250,156	No	4	S	Direct
Common Shares	Acquisiton	2021-06-02	1,463	$33.67	251,619	No	4	M	Direct
Common Shares	Disposition	2021-06-02	1,000	$70.53	250,619	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
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	Option (right to buy)	Disposition	2021-06-01	5,300	$0.00	5,300	$33.67
Common Shares	Option (right to buy)	Disposition	2021-06-02	1,463	$0.00	1,463	$33.67

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
119,700		2026-02-25	No	4	M	Direct
118,237		2026-02-25	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares	46,500	Indirect	By Trust
Common Shares	4,700	Indirect	By Trust
Common Shares	140,300	Indirect	By Trust
Common Shares	13,750	Indirect	By Trust
Common Shares	189,750	Indirect	By Trust
Common Shares	90,000	Indirect	By GRAT

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			105,758	105,758	Direct
Common Shares	Option (right to buy)	$42.26		2025-03-05	35,967	35,967	Direct
Common Shares	Option (right to buy)	$42.26		2025-03-05	166,667	166,667	Direct
Common Shares	Restricted Share Units	$0.00			18,892	18,892	Direct
Common Shares	Restricted Share Units	$0.00			17,759	17,759	Direct
Common Shares	Performance Share Units	$0.00	2023-02-23	2023-02-23	248,250	248,250	Direct
Common Shares	Restricted Share Units	$0.00			15,551	15,551	Direct
Common Shares	Performance Share Units	$0.00	2024-02-22	2024-02-22	297,744	297,744	Direct
Common Shares	Restricted Share Units	$0.00			18,060	18,060	Direct
Common Shares	Performance Share Units	$0.00	2025-02-21	2025-02-21	262,802	262,802	Direct
Common Shares	Restricted Share Units	$0.00			49,901	49,901	Direct
Common Shares	Restricted Share Units	$0.00			28,090	28,090	Direct
Common Shares	Performance Share Units	$0.00	2024-02-19	2024-02-19	101,313	101,313	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	105,758	105,758	Direct
2025-03-05	35,967	35,967	Direct
2025-03-05	166,667	166,667	Direct
	18,892	18,892	Direct
	17,759	17,759	Direct
2023-02-23	248,250	248,250	Direct
	15,551	15,551	Direct
2024-02-22	297,744	297,744	Direct
	18,060	18,060	Direct
2025-02-21	262,802	262,802	Direct
	49,901	49,901	Direct
	28,090	28,090	Direct
2024-02-19	101,313	101,313	Direct

Footnotes

Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.50 to $70.51 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.
The reporting person exercised these options in order to retain ownership of all shares, less only those required to be sold to pay the exercise price and applicable taxes.
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.50 to $70.56 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.
These shares are held by an irrevocable life insurance trust for the benefit of the Reporting Person's children and other family members. The Reporting Person's family member is the trustee of such trust.
These shares are held by a revocable trust, of which the Reporting Person is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
These shares are held by an irrevocable family trust for the benefit of the Reporting Person's spouse and children. The Reporting Person retains investment control over the Issuer securities held by such trust.
These shares are held by a revocable trust, of which the Reporting Person's spouse is the settlor and trustee for the benefit of the Reporting Person and his spouse and children.
These shares are held by an irrevocable family trust for the benefit of the Reporting Person and his children. The Reporting Person retains investment control over the Issuer securities held by such trust.
These shares are held by the Reporting Person's grantor retained annuity trust ("GRAT"), of which the Reporting Person is the trustee and annuitant.
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 certaincircumstances). 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, 2021.
These restricted share units vest on December 31, 2022.
The shares reported represent an award of performance based restricted share units ("2018 PBRSUs") granted to the Reporting Person. The 2018 PBRSUs had a three-year performance period beginning January 1, 2015 and ending December 31, 2018 and will vest 100% on February 23, 2023, which is the fifth anniversary of the grant date.
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 will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2024, 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 decrease based on the results of the performance condition.
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 will have a performance period ending December 31, 2021 and to the extent earned will vest 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 decrease based on the results of the performance condition.
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.