Axel Mr Schwan 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
Officer
TXN 2021-04-06 · FILED 2021-04-08
Equity Position 101K sh 100,722 → 100,722
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.
0001209191-21-026139
Accepted At
2021-04-08 22:04 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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Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF3F4F5F5 2021-04-06 A - Award/Grant 72.8075 A $0.00 72.8075 Common Shares Direct
Restricted Share UnitsF3F4F6F6 2021-04-06 A - Award/Grant 51.647 A $0.00 51.647 Common Shares Direct
Restricted Share UnitsF3F4F7F7 2021-04-06 A - Award/Grant 46.6995 A $0.00 46.6995 Common Shares Direct
Restricted Share UnitsF3F4F8F8 2021-04-06 A - Award/Grant 22.9152 A $0.00 22.9152 Common Shares Direct
Performance Share UnitsF9F10 2021-04-06 A - Award/Grant 337.6091 A $0.00 2025-02-21 337.6091 Common Shares Direct
Restricted Share UnitsF3F4F11F11 2021-04-06 A - Award/Grant 106.8418 A $0.00 106.8418 Common Shares Direct
Restricted Share UnitsF3F4F12F12 2021-04-06 A - Award/Grant 63.5223 A $0.00 63.5223 Common Shares Direct
Performance Share UnitsF13F10 2021-04-06 A - Award/Grant 216.9212 A $0.00 2024-02-19 216.9212 Common Shares Direct
Non-Derivative Holdings
Title Shares Held Ownership
Common Shares 100,722.7587 Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable UnitsF1F1F1 Common Shares 2,539
Option (right to buy)F2 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 30,000 $64.75 2029-02-21
Option (right to buy) Common Shares 56,000 $66.31 2030-02-20
Footnotes (13)
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 exercisable. 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
These restricted share units vest on December 31, 2024. Show more
F9
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
F10
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
F11
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F12
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F13
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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