Jeffrey Housman Sells $457K of Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 08, 2024

Open-Market Net Sale · SEC Form 4
−$456,697

Equity position changed by -7.7%

Reporting Owner
Officer
TXN 2024-01-05 · FILED 2024-01-08
Equity Position 70K sh 75,828 → 69,968
Equity Change -7.7% shares held after vs before
Filing Lag 1 business day within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2024-01-08
Report Date
2024-01-04
Accession No.
0000950170-24-003134
Accepted At
2024-01-09 00:30 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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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 SharesF1 2024-01-04 A - Award/Grant 106.5059 A $0.00 — 75,934.7403 Direct
Common SharesF2 2024-01-05 S - Sale 5,966.1503 D $76.55 -$456,709 69,968.59 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Performance Share UnitsF3F4 2024-01-04 A - Award/Grant 255.1483 A $0.00 2024-02-22 255.1483 Common Shares Direct
Performance Share UnitsF8F4 2024-01-04 A - Award/Grant 165.1502 A $0.00 2025-02-21 165.1502 Common Shares Direct
Performance Share UnitsF11F4 2024-01-04 A - Award/Grant 188.9587 A $0.00 2025-02-25 188.9587 Common Shares Direct
Performance Share UnitsF13F4 2024-01-04 A - Award/Grant 163.2549 A $0.00 2026-02-22 163.2549 Common Shares Direct
Restricted Share UnitsF5F6F7F7 2024-01-04 A - Award/Grant 20.2804 A $0.00 20.2804 Common Shares Direct
Restricted Share UnitsF5F6F9F9 2024-01-04 A - Award/Grant 49.4928 A $0.00 49.4928 Common Shares Direct
Restricted Share UnitsF5F6F9F9 2024-01-04 A - Award/Grant 8.6395 A $0.00 8.6395 Common Shares Direct
Restricted Share UnitsF5F6F10F10 2024-01-04 A - Award/Grant 45.4536 A $0.00 45.4536 Common Shares Direct
Restricted Share UnitsF5F12F12 2024-01-04 A - Award/Grant 51.6384 A $0.00 51.6384 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable UnitsF14F14F14F14 Common Shares 431
Option (Right to Buy)F15 Common Shares 30,000 $42.26 2025-03-06
Option (Right to Buy)F15 Common Shares 20,000 $55.55 2027-02-24
Option (Right to Buy)F15 Common Shares 30,000 $58.44 2028-02-23
Option (Right to Buy) Common Shares 20,000 $66.31 2030-02-21
Footnotes (15)
F1
Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award. Show more
F2
Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units. Show more
F3
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
F4
Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance baserd restricted share units to which they relate. Show more
F5
Each restricted share unit represents a contingent right to receive one common share. Show more
F6
Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. Show more
F7
These restricted share units vest on December 31, 2024. Show more
F8
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
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
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. 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
F14
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
F15
These options are fully vested and exercisable. Show more
Remarks

Chief People & Services Officer

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