Form 4 for QSR Restaurant Brands International Inc.
Accepted 2023-02-24 00:00:00 ET · period of report 2023-02-22 · accession 0001209191-23-012959 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-02-24 | 2023-02-22 | QSR | Shear David Chan | Pres, International | A - Grant | $67.75 | +5,858 | 175.3K | +3% | +$396.9K |
| DM | 2023-02-24 | 2023-02-22 | QSR | Shear David Chan | Pres, International | A - Grant | $0.00 | +95.8K | 22.0K | New | $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 | 2023-02-22 | A | A | 5,858 | $67.75 | 175,250.43 | D | — | — | (F1) The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of his investment rights pursuant to the Issuer's 2022 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2022 net bonus to purchase common shares at a purchase price of $67.75 per share ("Investment Shares"). (F2) Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 16 below pursuant to the Issuer's 2022 Bonus Swap Program is calculated based on, the last sales price of a common share of the Issuer on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case February 21, 2023. |
| 2 | Derivative | Performance Share Units | 2023-02-22 | A | A | 73,800 | $0.00 | 73,800 | D | — · 2026-02-22 to 2026-02-22 | 73,800 Common Shares | (F17) 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 25, 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. |
| 3 | Derivative | Restricted Share Units | 2023-02-22 | A | A | 21,970 | $0.00 | 21,970 | D | — · — to — | 21,970 Common Shares | (F5) Each restricted share unit represents a contingent right to receive one common share. (F16) These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. |