Axel Mr Schwan Sells $1.81M of Restaurant Brands International Inc (QSR) — SEC Form 4, Jun 02, 2021

Open-Market Net Sale · SEC Form 4
−$1,808,169

Equity position changed by +11.1%

Reporting Owner
Axel Mr Schwan
Officer
TXN 2021-05-28 · FILED 2021-06-02
Equity Position 141K sh 126,653 → 140,722
Equity Change +11.1% shares held after vs before
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership

Restaurant Brands International Inc

QSR CIK 0001618756
All Restaurant Brands International Inc insider activity
Filing Date
2021-06-02
Report Date
2021-05-28
Accession No.
0001209191-21-037373
Accepted At
2021-06-02 22:05 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 Shares 2021-05-28 M - Exercise 40,000 A $33.67 +$1,346,800 140,722.7587 Direct
Common SharesF1 2021-05-28 S - Sale 25,931 D $69.73 -$1,808,169 114,791.7587 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Option (right to buy)F3 $33.67 2021-05-28 M - Exercise 40,000 D $0.00 2026-02-25 40,000 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable UnitsF2F2F2 Common Shares 2,539
Restricted Share UnitsF4F5F5 Common Shares 9,067.9728
Option (right to buy) Common Shares 40,000 $58.44 2028-02-22
Restricted Share UnitsF4F6F6 Common Shares 6,432.4818
Option (right to buy) Common Shares 30,000 $64.75 2029-02-21
Restricted Share UnitsF4F7F7 Common Shares 5,816.2941
Option (right to buy) Common Shares 56,000 $66.31 2030-02-20
Restricted Share UnitsF4F8F8 Common Shares 2,854.0258
Restricted Share UnitsF4F10F10 Common Shares 13,306.8418
Restricted Share UnitsF4F11F11 Common Shares 7,911.5223
Performance Share UnitsF9 Common Shares 42,048.2624 2025-02-21
Performance Share UnitsF12 Common Shares 27,016.9212 2024-02-19
Footnotes (12)
F1
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.62 to $69.81 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each price. The proceeds from the sale of shares were used to cover the aggregate exercise price of the options exercised and to satisfy tax withholding obligations for the reported transactions. Show more
F2
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
F3
These options are immediately 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, 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
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F11
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F12
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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  1. Capital World Investors $3.18B
  2. Pershing Square Holdco, L.P. $1.87B
  3. Royal Bank Of Canada $1.47B
5%+ Holders · 13D/G 4 filers

Latest Schedule 13D/G per filer; stakes the filer reported closed are left out.

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