Joshua Kobza Sells $987K of Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 07, 2022

Open-Market Net Sale · SEC Form 4
−$986,926

Equity position changed by -4.6%

Reporting Owner
TXN 2022-01-05 · FILED 2022-01-07
Equity Position 340K sh 356,357 → 339,902
Equity Change -4.6% 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
2022-01-07
Report Date
2022-01-05
Accession No.
0001209191-22-002518
Accepted At
2022-01-07 22:51 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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All filings by this insider at Restaurant Brands International Inc
Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common SharesF1 2022-01-05 A - Award/Grant 381.2539 A $0.00 — 356,738.9343 Direct
Common SharesF2 2022-01-05 S - Sale 16,836.8187 D $58.62 -$986,974 339,902.1156 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF5F6F6 2022-01-05 A - Award/Grant 175.382 A $0.00 175.382 Common Shares Direct
Restricted Share UnitsF5F7F7 2022-01-05 A - Award/Grant 132.225 A $0.00 132.225 Common Shares Direct
Restricted Share UnitsF5F9F9 2022-01-05 A - Award/Grant 139.3906 A $0.00 139.3906 Common Shares Direct
Restricted Share UnitsF11F12F12 2022-01-05 A - Award/Grant 254.3086 A $0.00 254.3086 Common Shares Direct
Restricted Share UnitsF11F13F13 2022-01-05 A - Award/Grant 135.8748 A $0.00 135.8748 Common Shares Direct
Performance Share UnitsF8 2022-01-05 A - Award/Grant 2,234.7046 A $0.00 2024-02-22 2,234.7046 Common Shares Direct
Performance Share UnitsF10 2022-01-05 A - Award/Grant 1,928.6139 A $0.00 2025-02-21 1,928.6139 Common Shares Direct
Performance Share UnitsF14 2022-01-05 A - Award/Grant 774.4852 A $0.00 2024-02-19 774.4852 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Option (right to buy)F4 Common Shares 35,494 $42.26 2025-03-05
Exchangeable unitsF3F3F3F3 Common Shares 5,413
Option (right to buy)F4 Common Shares 300,000 $42.26 2025-03-05
Option (right to buy) Common Shares 200,000 $56.92 2027-05-04
Footnotes (14)
F1
Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award. Show more
F2
Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units. 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
These options are immediately exerciseable. Show more
F5
Each restricted share unit represents a contingent right to receive one common share. 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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