Jeffrey Housman Exercises Options at Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 03, 2024

SEC Form 4 · No Market Transaction
Option Exercise

Derivative exercise — no open market transaction.

Reporting Owner
Officer
TXN 2023-12-31 · FILED 2024-01-03
Equity Position 75.8K sh 61,034 → 75,828
Equity Change +24.2% 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
2024-01-03
Report Date
2023-12-31
Accession No.
0000950170-24-001188
Accepted At
2024-01-03 22:30 UTC
Reporting Owner
Name Relationship
Jeffrey Housman CIK 0001908101
Officer
Jeffrey Housman at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $2,503,199
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Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common SharesF1 2023-12-31 M - Exercise 3,563.1448 A — 64,596.7382 Direct
Common SharesF1 2023-12-31 M - Exercise 6,875.0026 A — 71,471.7408 Direct
Common SharesF1 2023-12-31 M - Exercise 1,199.0004 A — 72,670.7412 Direct
Common SharesF1 2023-12-31 M - Exercise 3,157.4931 A — 75,828.2344 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF2F3F3 2023-12-31 M - Exercise 3,563.1448 D $0.00 3,563.1448 Common Shares Direct
Restricted Share UnitsF2F4F4 2023-12-31 M - Exercise 6,875.0026 D $0.00 6,875.0026 Common Shares Direct
Restricted Share UnitsF2F4F4 2023-12-31 M - Exercise 1,199.0004 D $0.00 1,199.0004 Common Shares Direct
Restricted Share UnitsF2F5F5 2023-12-31 M - Exercise 3,157.4931 D $0.00 3,157.4931 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable UnitsF6F6F6F6 Common Shares 431
Option (Right to Buy)F7 Common Shares 30,000 $42.26 2025-03-06
Option (Right to Buy)F7 Common Shares 20,000 $55.55 2027-02-24
Option (Right to Buy)F7 Common Shares 30,000 $58.44 2028-02-23
Option (Right to Buy) Common Shares 20,000 $66.31 2030-02-21
Performance Share UnitsF8 Common Shares 35,442.4222 2024-02-22
Performance Share UnitsF10 Common Shares 22,940.8678 2025-02-21
Performance Share UnitsF11 Common Shares 26,248.0771 2025-02-25
Performance Share UnitsF13 Common Shares 22,677.5966 2026-02-22
Restricted Share UnitsF2F9F9 Common Shares 2,817.1386
Restricted Share UnitsF2F12F12 Common Shares 7,173.0447
Footnotes (13)
F1
Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement. Show more
F2
Each restricted share unit represents a contingent right to receive one common share. Show more
F3
These restricted share units vest on December 31, 2023. Show more
F4
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F5
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F6
Each Restaurant Brands International Limited Partnership exchangeable unit is convertible, at the Reporting Person's election, into common shares of Restaurant Brands International Inc. or a cash amount equal to a prescribed cash amount determined by reference to the weighted average trading price of Restaurant Brands International Inc.'s common shares on the New York Stock Exchange for the 20 consecutive trading days ending on the last business day prior to the exchange date, at the sole discretion of the general partner of Restaurant Brands International Limited Partnership (subject to the consent of the Restaurant Brands International Inc. conflicts committee, in certain circumstances). This conversion right has no expiration date. Show more
F7
These options are fully vested and exercisable. Show more
F8
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 22, 2024, which is the fifth anniversary of the grant date. Show more
F9
These restricted share units vest on December 31, 2024. Show more
F10
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
F11
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
F12
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. 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
Remarks

Chief People & Services Officer

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