Thomas Benjamin Curtis 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
TXN 2023-12-31 · FILED 2024-01-03
Equity Position 26K sh 19,434 → 25,956
Equity Change +33.6% 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.
0000950170-24-001193
Accepted At
2024-01-03 22:30 UTC
Reporting Owner
Name Relationship
Thomas Benjamin Curtis CIK 0001804729
President
Thomas Benjamin Curtis at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $6,828,977
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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 4,091.8815 A — 23,525.7929 Direct
Common SharesF1 2023-12-31 M - Exercise 2,431.1315 A — 25,956.9244 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF2F3F3 2023-12-31 M - Exercise 4,091.8815 D $0.00 4,091.8815 Common Shares Direct
Restricted Share UnitsF2F4F4 2023-12-31 M - Exercise 2,431.1315 D $0.00 2,431.1315 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Performance Share UnitsF5 Common Shares 16,233.924 2024-09-01
Restricted Share UnitsF2F6F6 Common Shares 5,365.4054
Performance Share UnitsF7 Common Shares 16,096.2163 2024-12-15
Performance Share UnitsF8 Common Shares 41,997.1341 2025-02-25
Restricted Share UnitsF2F9F9 Common Shares 6,979.4554
Performance Share UnitsF10 Common Shares 45,355.1932 2026-02-22
Footnotes (10)
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 in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F4
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F5
The shares reported represent an award of performance based restricted share units ("2021-1 PBRSUs") granted to the Reporting Person. The 2021-1 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on September 1, 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
F6
These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024. Show more
F7
The shares reported represent an award of performance based restricted share units ("2021-2 PBRSUs") granted to the Reporting Person. The 2021-2 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will best on December 15, 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
F8
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
F9
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
F10
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

President, Burger King US & Canada

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