Duncan Fulton 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 15.4K sh 7,779 → 15,380
Equity Change +97.7% 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.
0001209191-23-001201
Accepted At
2023-01-04 22:29 UTC
Reporting Owner
Name Relationship
Duncan Fulton CIK 0001908102
Officer
Duncan Fulton at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $1,065,856
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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 2,928.7298 A — 10,706.3041 Direct
Common SharesF1 2022-12-31 M - Exercise 1,782.7977 A — 12,489.1018 Direct
Common SharesF1 2022-12-31 M - Exercise 2,891.238 A — 15,380.3398 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF2F7F7 2022-12-31 M - Exercise 2,928.7298 D $0.00 2,928.7298 Common Shares Direct
Restricted Share UnitsF2F8F8 2022-12-31 M - Exercise 1,782.7977 D $0.00 1,782.7977 Common Shares Direct
Restricted Share UnitsF2F10F10 2022-12-31 M - Exercise 2,891.238 D $0.00 2,891.238 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Option (Right to Buy) Common Shares 60,000 $63.64 2028-08-03
Option (Right to Buy) Common Shares 15,000 $66.31 2030-02-21
Restricted Share UnitsF2F3F3 Common Shares 3,112.1231
Restricted Share UnitsF2F4F4 Common Shares 2,921.6202
Performance Share UnitsF5 Common Shares 57,187.1211 2024-02-22
Performance Share UnitsF6 Common Shares 27,761.4993 2025-02-21
Performance Share UnitsF9 Common Shares 17,838.6272 2024-02-19
Performance Share UnitsF11 Common Shares 25,177.18 2022-02-25
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, 2023. Show more
F4
These restricted share units vest on December 31, 2024. Show more
F5
The share reported represent an award of performance base restricted share units (the "2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs have a performance period ending December 31, 2021 and will vest on February 21, 2024, which is the fifth anniversary of the grant date. Show more
F6
The share reported represent an award of performance base restricted share units (the "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 share reported represent an award of performance base restricted share units (the "2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning on 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 25, 2025. Show more
F11
The share reported represent an award of performance base restricted share units (the "2022 PBRSUs") granted to the Reporting Person. The 2022 PBRSUs will have a performance period beginning on 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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