Form 4 for QSR Restaurant Brands International Inc.
Accepted 2025-02-27 00:00:00 ET · period of report 2025-02-25 · accession 0001618756-25-000139 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-02-27 | 2025-02-25+ | QSR | Fulton Duncan | Chief Corp. Off | S - Sale+OE | $64.51 | -47.2K | 62.3K | -43% | -$3.04M |
| D | 2025-02-27 | 2025-02-25 | QSR | Fulton Duncan | Chief Corp. Off | M - OptEx | $0.00 | +36.7K | 82.0K | +81% | $0 |
| D | 2025-02-27 | 2025-02-25 | QSR | Fulton Duncan | Chief Corp. Off | M - OptEx | $0.00 | -27.1K | 0 | -100% | $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 | 2025-02-27 | S | D | 27,500 | $64.66 | 34,822.16 | D | — | — | (F4) Represents the weighted average price of the shares sold. The reported shares were sold at prices ranging from USD $64.28 to USD $65.15 per share. The sale price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date. 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. |
| 2 | Common | Common Shares | 2025-02-25 | S | D | 19,667.76 | $64.30 | 62,322.16 | D | — | — | (F2) Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units. (F3) The reported shares were sold in Canadian dollars at a price of CAD$91.87 per share. The sale price was converted into its U.S. dollar equivalent using the Bank of Canada daily exchange rate on the sale date. |
| 3 | Common | Common Shares | 2025-02-25 | M | A | 36,741.57 | $0.00 | 81,989.92 | D | — | — | (F1) The 2022 PBRSUs vested at 135.76% of target based on the results of the performance condition. |
| 4 | Derivative | Performance Share Units | 2025-02-25 | M | D | 27,062.97 | $0.00 | 0 | D | — · 2025-02-25 to 2025-02-25 | 27,062.97 Common Shares | (F10) 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. |