Axel Mr Schwan Exercises Options at Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 05, 2021

SEC Form 4 · No Market Transaction
Option Exercise

Derivative exercise — no open market transaction.

Reporting Owner
Officer
TXN 2020-12-31 · FILED 2021-01-05
Equity Position 53.5K sh 33,402 → 53,520
Equity Change +60.2% 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
2021-01-05
Report Date
2020-12-31
Accession No.
0001209191-21-001280
Accepted At
2021-01-05 22:13 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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Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common SharesF1 2020-12-31 M - Exercise 17,820 A — 51,222 Direct
Common SharesF2 2020-12-31 M - Exercise 2,298.543 A — 53,520.543 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF4F5F5 2020-12-31 M - Exercise 17,820 D $0.00 17,820 Common Shares Direct
Dividend Equivalent RightsF6F7F7 2020-12-31 M - Exercise 2,298.543 D $0.00 2,298.543 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Option (right to buy) Common Shares 30,000 $64.75 2029-02-21
Exchangeable UnitsF3F3F3 Common Shares 2,539
Option (right to buy) Common Shares 40,000 $33.67 2026-02-25
Option (right to buy) Common Shares 40,000 $58.44 2028-02-22
Option (right to buy) Common Shares 56,000 $66.31 2030-02-20
Restricted Share UnitsF4F8F8 Common Shares 8,013
Restricted Share UnitsF4F10F10 Common Shares 5,757
Restricted Share UnitsF4F12F12 Common Shares 5,372
Restricted Share UnitsF4F14F14 Common Shares 2,715
Dividend Equivalent RightsF6F9F9 Common Shares 904.09
Dividend Equivalent RightsF6F11F11 Common Shares 568.4512
Dividend Equivalent RightsF6F13F13 Common Shares 347.5163
Dividend Equivalent RightsF6F15F15 Common Shares 91.5374
Dividend Equivalent RightsF17F18F18 Common Shares 1,348.6179
Performance Share UnitsF16 Common Shares 40,000 2025-02-21
Footnotes (18)
F1
On December 31, 2020, 17,820 of the Reporting Person's restricted stock units vested and will settle shortly thereafter. Any shares that are withheld to satisfy tax obligations will be reported separately in connection with the settlement. Show more
F2
On December 31, 2020, 2,298.543 of the Reporting Person's dividend equivalent rights vested and will settle shortly thereafter. Any shares that are withheld to satisfy tax obligations will be reported separately in connection with the settlement. Show more
F3
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
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, 2020. Show more
F6
Each whole dividend equivalent right represents a contingent right to receive one common share. Show more
F7
These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate. Show more
F8
These restricted share units vest on December 31, 2021. Show more
F9
These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate. Show more
F10
These restricted share units vest on December 31, 2022. Show more
F11
These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate. Show more
F12
These restricted share units vest on December 31, 2023. Show more
F13
These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate. Show more
F14
These restricted share units vest on December 31, 2024. Show more
F15
These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate. Show more
F16
The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs will have a performance period beginning January 1, 2020 and ending December 31, 2022 and to the extent earned will vest 100% on February 21, 2025, which is the fifth anniversary of the grant date. 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
F17
Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition. Show more
F18
These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate. Show more
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