Joshua Kobza Sells $3.57M of Restaurant Brands International Inc (QSR) — SEC Form 4, Aug 30, 2021

Open-Market Net Sale · SEC Form 4
−$3,570,600

Equity position changed by -14.9%

Reporting Owner
TXN 2021-08-26 · FILED 2021-08-30
Equity Position 314K sh 369,096 → 314,096
Equity Change -14.9% 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
2021-08-30
Report Date
2021-08-26
Accession No.
0001209191-21-053899
Accepted At
2021-08-30 22:03 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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Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common SharesF1 2021-08-26 S - Sale 55,000 D $64.92 -$3,570,600 314,096.0465 Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable unitsF2F2F2F2 Common Shares 5,413
Option (right to buy)F3 Common Shares 35,494 $42.26 2025-03-05
Option (right to buy)F3 Common Shares 300,000 $42.26 2025-03-05
Option (right to buy) Common Shares 200,000 $56.92 2027-05-04
Restricted Share UnitsF4F5F5 Common Shares 22,949.4905
Restricted Share UnitsF4F6F6 Common Shares 19,276.0155
Restricted Share UnitsF4F7F7 Common Shares 14,532.6837
Restricted Share UnitsF4F9F9 Common Shares 15,320.2444
Restricted Share UnitsF11F12F12 Common Shares 41,926.1082
Restricted Share UnitsF11F13F13 Common Shares 19,912.1063
Performance Share UnitsF8 Common Shares 245,613.5988 2024-02-22
Performance Share UnitsF10 Common Shares 211,971.5587 2025-02-21
Performance Share UnitsF14 Common Shares 85,122.7045 2024-02-19
Footnotes (14)
F1
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $64.60 to $65.06 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 separate price. 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 exerciseable. 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
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
These restricted share units vest on December 31, 2024. Show more
F10
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
F11
Each restricted share unit represents a contingent right to receive one common share. Show more
F12
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F13
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F14
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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