Axel Mr Schwan Exercises Options at Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 04, 2023

SEC Form 4 · No Market Transaction
Option Exercise

Derivative exercise — no open market transaction.

Reporting Owner
Officer
TXN 2022-12-31 · FILED 2023-01-04
Equity Position 145K sh 128,212 → 145,363
Equity Change +13.4% 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
2023-01-04
Report Date
2022-12-31
Accession No.
0001209191-23-001190
Accepted At
2023-01-04 22:27 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 SharesF1 2022-12-31 M - Exercise 6,795.6363 A — 135,006.4523 Direct
Common SharesF1 2022-12-31 M - Exercise 4,686.0325 A — 139,692.4848 Direct
Common SharesF1 2022-12-31 M - Exercise 2,089.5445 A — 141,782.0293 Direct
Common SharesF1 2022-12-31 M - Exercise 3,581.1422 A — 145,363.1715 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF2F3F3 2022-12-31 M - Exercise 6,795.6363 D $0.00 6,795.6363 Common Shares Direct
Restricted Share UnitsF2F7F7 2022-12-31 M - Exercise 4,686.0325 D $0.00 4,686.0325 Common Shares Direct
Restricted Share UnitsF2F8F8 2022-12-31 M - Exercise 2,089.5445 D $0.00 2,089.5445 Common Shares Direct
Restricted Share UnitsF2F10F10 2022-12-31 M - Exercise 3,581.1422 D $0.00 3,581.1422 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
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
Restricted Share UnitsF2F4F4 Common Shares 6,144.6608
Option (right to buy) Common Shares 56,000 $66.31 2030-02-20
Restricted Share UnitsF2F5F5 Common Shares 3,015.1537
Performance Share UnitsF6 Common Shares 44,422.1538 2025-02-21
Performance Share UnitsF9 Common Shares 28,542.198 2024-02-19
Performance Share UnitsF11 Common Shares 40,661.1285 2025-02-25
Footnotes (11)
F1
Represents the vesting of the Reporting Person's restricted share units, which will settle shortly thereafter. Any shares that are withheld or sold to satisfy tax obligations will be reported separately in connection with the settlement. Show more
F2
Each restricted share unit represents a contingent right to receive one common share. Show more
F3
These restricted share units vest on December 31, 2022. Show more
F4
These restricted share units vest on December 31, 2023. Show more
F5
These restricted share units vest on December 31, 2024. Show more
F6
The shares reported represent an award of performance based restricted share units ("2020 PBRSUs") granted to the Reporting Person. The 2020 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2025, which is the fifth anniversary of the grant date. Show more
F7
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F8
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F9
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
F10
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F11
The shares reported represent an award of performance based restricted share units ("2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning January 1, 2022 and ending December 31, 2024 and to the extent earned will vest on February 25, 2025. 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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