Form 4 for QSR Restaurant Brands International Inc.
Accepted 2022-10-07 00:00:00 ET · period of report 2022-10-05 · accession 0001209191-22-053173 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMI | 2022-10-07 | 2022-09-19 | QSR | Cil Jose E. | CEO | G - Gift | $0.00 | 0 | 145.2K | New | $0 |
| DM | 2022-10-07 | 2022-10-05 | QSR | Cil Jose E. | CEO | A - Grant | $0.00 | +12.3K | 277.6K | +5% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Shares | 2022-09-19 | G | D | 4,928 | $0.00 | 0 | I By GRAT | — | — | (F6) 4,928 shares were gifted to an irrevocable family trust for the benefit of the Reporting Person's spouse and children. (F3) Reflects the transfer of shares previously held by the 2020 GRAT (defined below) which were contributed to the revocable trust, of which the Reporting Person is the settlor and trustee, in an exempt transaction. (F10) These shares are held by the Reporting Person's 2020 grantor retained annuity trust ("2020 GRAT"), of which the Reporting Person is the trustee and annuitant. |
| 2 | Common | Common Shares | 2022-09-19 | G | A | 4,928 | $0.00 | 145,228 | I By Trust | — | — | (F6) 4,928 shares were gifted to an irrevocable family trust for the benefit of the Reporting Person's spouse and children. (F7) 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. |
| 3 | Derivative | Restricted Share Units | 2022-10-05 | A | A | 180.85 | $0.00 | 18,761.48 | D | — · — to — | 180.85 Common Shares | (F18) Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. (F17) Each restricted share unit represents a contingent right to receive one common share. (F19) These restricted share units vest on December 31, 2022. |
| 4 | Derivative | Performance Share Units | 2022-10-05 | A | A | 2,528.09 | $0.00 | 262,265.49 | D | — · 2023-02-23 to 2023-02-23 | 2,528.09 Common Shares | (F21) Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. (F20) 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. |
| 5 | Derivative | Restricted Share Units | 2022-10-05 | A | A | 158.36 | $0.00 | 16,428.85 | D | — · — to — | 158.36 Common Shares | (F18) Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. (F17) Each restricted share unit represents a contingent right to receive one common share. (F22) These restricted share units vest on December 31, 2023. |
| 6 | Derivative | Performance Share Units | 2022-10-05 | A | A | 3,032.11 | $0.00 | 314,553.56 | D | — · 2024-02-22 to 2024-02-22 | 3,032.11 Common Shares | (F21) Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. (F23) 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 21, 2024, which is the fifth anniversary of the grant date. |
| 7 | Derivative | Restricted Share Units | 2022-10-05 | A | A | 183.91 | $0.00 | 19,079.32 | D | — · — to — | 183.91 Common Shares | (F18) Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. (F17) Each restricted share unit represents a contingent right to receive one common share. (F24) These restricted share units vest on December 31, 2024. |
| 8 | Derivative | Performance Share Units | 2022-10-05 | A | A | 1,469.84 | $0.00 | 152,482.55 | D | — · 2025-02-25 to 2025-02-25 | 1,469.84 Common Shares | (F21) Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. (F30) 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 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. |
| 9 | Derivative | Restricted Share Units | 2022-10-05 | A | A | 338.78 | $0.00 | 35,145.24 | D | — · — to — | 338.78 Common Shares | (F18) Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. (F17) Each restricted share unit represents a contingent right to receive one common share. (F26) These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. |
| 10 | Derivative | Restricted Share Units | 2022-10-05 | A | A | 214.54 | $0.00 | 22,256.52 | D | — · — to — | 214.54 Common Shares | (F18) Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. (F17) Each restricted share unit represents a contingent right to receive one common share. (F27) These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. |
| 11 | Derivative | Performance Share Units | 2022-10-05 | A | A | 1,031.74 | $0.00 | 107,033.24 | D | — · 2024-02-19 to 2024-02-19 | 1,031.74 Common Shares | (F21) Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. (F28) 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. |
| 12 | Derivative | Restricted Share Units | 2022-10-05 | A | A | 450.65 | $0.00 | 46,750.48 | D | — · — to — | 450.65 Common Shares | (F18) Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. (F17) Each restricted share unit represents a contingent right to receive one common share. (F29) These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. |
| 13 | Derivative | Performance Share Units | 2022-10-05 | A | A | 2,676.27 | $0.00 | 277,638.46 | D | — · 2025-02-21 to 2025-02-21 | 2,676.27 Common Shares | (F21) Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. (F25) 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. |