Thomas Benjamin Curtis Receives Stock Award at Restaurant Brands International Inc (QSR) — SEC Form 4, Mar 01, 2022

SEC Form 4 · No Market Transaction

Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner

Thomas Benjamin Curtis

President

TXN 2022-02-25 · FILED 2022-03-01

Equity Position 4.86K sh 2,422 → 4,860

Equity Change +100.7% 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: 2022-03-01
Report Date: 2022-02-25
Accession No.: 0001209191-22-014307
Accepted At: 2022-03-01 23:17 UTC

Reporting Owner

Name	Relationship
Thomas Benjamin Curtis CIK 0001804729	President

Thomas Benjamin Curtis at Restaurant Brands International Inc Full insider history

Bought (12 mo) —

Sold (12 mo) $6,828,977

More from this insider at Restaurant Brands International Inc

2026-10-06	Award	—	View
2026-08-25	Sell	-$5,166,048	View
2026-07-09	Award	—	View
2026-04-06	Award	—	View
2026-02-27	Award	—	View

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 F2	2022-02-25	A - Award/Grant	2,438 A	$56.05	+$136,650	4,860.3239	Direct

Derivative Securities Transactions

Title	Strike	Date	Type	Shares	Price	Expiration	Underlying	Ownership
Restricted Share UnitsF3 F8 F9 F9		2022-02-25	A - Award/Grant	9,144 A	$0.00		9,144 Common Shares	Direct

Derivative Holdings

Title	Amount	Expiration
Restricted Share UnitsF3 F4 F4 Common Shares	11,542.8244
Performance Share UnitsF5 Common Shares	15,264.8061	2024-09-01
Restricted Share UnitsF3 F6 F6 Common Shares	15,135.3191
Performance Share UnitsF7 Common Shares	15,135.3191	2024-12-15

Footnotes (9)

F1: The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of his investment rights pursuant to the Issuer's 2021 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2021 net bonus to purchase common shares at a purchase price of $56.05 per share ("Investment Shares"). Show more
F2: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 8 below pursuant to the Issuer's 2021 Bonus Swap Program is calculated based on, the last sales price of a common share of the Issuer on the New York Stock Exchange on the trading day immediately preceding the grant date, in this case February 24, 2022. Show more
F3: Each restricted share unit represents a contingent right to receive one common share. Show more
F4: These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F5: The shares reported represent an award of performance based restricted share units ("2021-1 PBRSUs") granted to the Reporting Person. The 2021-1 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on September 1, 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
F6: These restricted share units vest in equal installments on December 15, 2022, December 15, 2023 and December 15, 2024. Show more
F7: The shares reported represent an award of performance based restricted share units ("2021-2 PBRSUs") granted to the Reporting Person. The 2021-2 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on December 15, 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
F8: The Issuer granted the 2022 restricted share units ("2022 RSUs") to the Reporting Person pursuant to the Issuer's 2021 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of his 2021 net bonus to purchase Investment Shares and received a matching grant of 2022 RSUs in an amount equal to 50% of his gross bonus, multiplied by a multiple based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $56.05 per share. The RSU Multiplier was 2.25 for executive vice presidents and above. If the Reporting Person sells any of the Investment Shares, he will forfeit all of the 2022 RSUs that have not yet vested. Show more
F9: These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more