Axel Mr Schwan Sells $1.21M of Restaurant Brands International Inc (QSR) — SEC Form 4, Feb 21, 2024

Open-Market Net Sale · SEC Form 4
−$1,212,076

Equity position changed by +10.5%

Reporting Owner
Officer
TXN 2024-02-20 · FILED 2024-02-21
Equity Position 146K sh 132,024 → 145,822
Equity Change +10.5% 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
2024-02-21
Report Date
2024-02-19
Accession No.
0000950170-24-018211
Accepted At
2024-02-21 23:00 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 2024-02-19 M - Exercise 29,692.2362 A $0.00 — 145,822.4523 Direct
Common SharesF1 2024-02-20 S - Sale 15,894.254 D $76.26 -$1,212,096 129,928.1983 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Performance Share UnitsF2 2024-02-19 M - Exercise 29,692.2362 D $0.00 2024-02-19 29,692.2362 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Option (Right to Buy) Common Shares 30,000 $64.75 2029-02-21
Restricted Share UnitsF4F5F5 Common Shares 3,136.642
Performance Share UnitsF6 Common Shares 46,212.0361 2025-02-21
Restricted Share UnitsF4F7F7 Common Shares 2,173.7376
Restricted Share UnitsF4F8F8 Common Shares 7,450.871
Performance Share UnitsF9 Common Shares 42,299.4695 2025-02-25
Restricted Share UnitsF4F10F10 Common Shares 12,136.3947
Performance Share UnitsF11 Common Shares 76,136.1718 2026-02-22
Option (Right to Buy) Common Shares 56,000 $66.31 2030-02-20
Option (Right to Buy)F3 Common Shares 40,000 $58.44 2028-02-28
Footnotes (11)
F1
Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units. Show more
F2
The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2021 and to the extent earned will vest 100% on February 19, 2024. Show more
F3
These options are fully vested and exercisable. Show more
F4
Each restricted share unit represents a contingent right to receive one common share. Show more
F5
These restricted share units vest on December 31, 2024. Show more
F6
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
F7
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F8
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 25, 2025. Show more
F9
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, 2022 and to the extent earned will vest 100% 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
F10
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
F11
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
5%+ Holders · 13D/G 4 filers
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All Restaurant Brands International Inc insider activity
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