Axel Mr Schwan Sells $158K of Restaurant Brands International Inc (QSR) — SEC Form 4, Dec 19, 2023

Open-Market Net Sale · SEC Form 4
−$158,412

Equity position changed by +1.7%

Reporting Owner
Officer
TXN 2023-12-15 · FILED 2023-12-19
Equity Position 110K sh 108,454 → 110,321
Equity Change +1.7% shares held after vs before
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2023-12-19
Report Date
2023-12-15
Accession No.
0000950170-23-071609
Accepted At
2023-12-19 22:34 UTC
Reporting Owner
Name Relationship
Axel Mr Schwan CIK 0001594977
Officer
Axel Mr Schwan at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $7,592,980
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All filings by this insider at Restaurant Brands International Inc
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common Shares 2023-12-15 M - Exercise 4,017.2328 A $0.00 — 110,321.8054 Direct
Common SharesF1 2023-12-15 S - Sale 2,150.4247 D $73.68 -$158,443 108,171.3807 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF2F3F3 2023-12-15 M - Exercise 4,017.2328 D $0.00 4,017.2328 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Option (Right to Buy)F4 Common Shares 40,000 $58.44 2028-02-22
Option (Right to Buy) Common Shares 30,000 $64.75 2029-02-21
Option (Right to Buy) Common Shares 56,000 $66.31 2030-02-20
Restricted Share UnitsF2F5F5 Common Shares 6,346.5564
Restricted Share UnitsF2F6F6 Common Shares 3,114.2228
Restricted Share UnitsF2F8F8 Common Shares 4,840.0018
Restricted Share UnitsF2F9F9 Common Shares 4,316.4016
Restricted Share UnitsF2F11F11 Common Shares 11,096.4241
Performance Share UnitsF7 Common Shares 45,881.7357 2025-02-21
Performance Share UnitsF10 Common Shares 29,480.011 2024-02-19
Performance Share UnitsF12 Common Shares 41,997.1341 2025-02-25
Performance Share UnitsF13 Common Shares 75,591.9887 2026-02-22
Footnotes (13)
F1
Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's restricted share units. Show more
F2
Each restricted share unit represents a contingent right to receive one common share. Show more
F3
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
F4
These options are fully vested and exercisable. Show more
F5
These restricted share units vest on December 31, 2023. Show more
F6
These restricted share units vest on December 31, 2024. Show more
F7
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. Show more
F8
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023. Show more
F9
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F10
The shares reported represent an award of performance based restricted share untes ("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. Show more
F11
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F12
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. Show more
F13
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 22, 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. Show more
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