Filing Details

Accession Number:
0001209191-23-056577
Form Type:
4/A
Zero Holdings:
No
Publication Time:
2023-11-24 13:20:35
Reporting Period:
2023-11-21
Accepted Time:
2023-11-24 13:20:35
Original Submission Date:
2023-11-22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1618756 Restaurant Brands International Inc. QSR () 4/A
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1337160 Patrick J Doyle 5707 Blue Lagoon Drive
Miami FL 33126
Executive Chairman Yes 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 2023-11-21 103,286 $0.00 103,286 No 4 M Direct
Common Shares Disposition 2023-11-23 40,783 $69.97 62,503 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 Restricted Share Units Disposition 2023-11-21 103,286 $0.00 103,286 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
413,143 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Shares 500,000 Indirect By LLC
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Shares Option (Right to Buy) $66.74 2027-11-21 2032-11-20 2,000,000 2,000,000 Direct
Common Shares Performance Share Units $0.00 774,643 774,643 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2032-11-20 2,000,000 2,000,000 Direct
774,643 774,643 Direct
Footnotes
  1. Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units.
  2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.63 to $70.55 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.
  3. These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with the sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein.
  4. Each restricted share unit represents a contingent right to receive one common share.
  5. These restricted share units vest in equal installments on November 21, 2023, November 21, 2024, November 21, 2025, November 21, 2026 and November 21, 2027.
  6. The performance based restricted share units ("PBRSUs") will have a performance period beginning on November 21, 2022 and ending on March 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares.