Joshua Kobza Receives Stock Award at Restaurant Brands International Inc (QSR) — SEC Form 4, Apr 08, 2021

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
TXN 2021-04-06 · FILED 2021-04-08
Equity Position 369K sh 369,096 → 369,096
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2021-04-08
Report Date
2021-04-06
Accession No.
0001209191-21-026127
Accepted At
2021-04-08 21:55 UTC
Reporting Owner
Name Relationship
Joshua Kobza CIK 0001574771
COO
Joshua Kobza at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $17,048,276
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Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF3F4F5F5 2021-04-06 A - Award/Grant 182.7594 A $0.00 182.7594 Common Shares Direct
Restricted Share UnitsF3F4F6F6 2021-04-06 A - Award/Grant 153.5055 A $0.00 153.5055 Common Shares Direct
Performance Share UnitsF11F9 2021-04-06 A - Award/Grant 1,688.0457 A $0.00 2025-02-21 1,688.0457 Common Shares Direct
Restricted Share UnitsF12F4F13F13 2021-04-06 A - Award/Grant 333.8806 A $0.00 333.8806 Common Shares Direct
Restricted Share UnitsF12F4F14F14 2021-04-06 A - Award/Grant 158.571 A $0.00 158.571 Common Shares Direct
Restricted Share UnitsF3F4F7F7 2021-04-06 A - Award/Grant 115.7317 A $0.00 115.7317 Common Shares Direct
Restricted Share UnitsF3F4F10F10 2021-04-06 A - Award/Grant 122.0035 A $0.00 122.0035 Common Shares Direct
Performance Share UnitsF8F9 2021-04-06 A - Award/Grant 1,955.9557 A $0.00 2024-02-22 1,955.9557 Common Shares Direct
Performance Share UnitsF15F9 2021-04-06 A - Award/Grant 677.8787 A $0.00 2024-02-19 677.8787 Common Shares Direct
Non-Derivative Holdings
Title Shares Held Ownership
Common Shares 369,096.0465 Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable unitsF1F1F1F1 Common Shares 5,413
Option (right to buy)F2 Common Shares 35,494 $42.26 2025-03-05
Option (right to buy)F2 Common Shares 300,000 $42.26 2025-03-05
Option (right to buy) Common Shares 200,000 $56.92 2027-05-04
Footnotes (15)
F1
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
F2
These options are immediately exerciseable. Show more
F3
Each restricted share unit represents a contingent right to receive one common share. Show more
F4
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
F5
These restricted share units vest on December 31, 2021. Show more
F6
These restricted share units vest on December 31, 2022. Show more
F7
These restricted share units vest on December 31, 2023. 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 will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2024, 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 decrease based on the results of the performance condition. Show more
F9
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 based restricted share units to which they relate. Show more
F10
These restricted share units vest on December 31, 2024. Show more
F11
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 ending December 31, 2021 and to the extent earned will vest 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 decrease based on the results of the performance condition. Show more
F12
Each restricted share unit represents a contingent right to receive one common share. Show more
F13
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F14
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F15
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, 2023 and to the extent earned will vest on February 19, 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
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