Joshua Kobza 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
TXN 2022-12-31 · FILED 2023-01-04
Equity Position 396K sh 348,065 → 395,999
Equity Change +13.8% 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.
0001209191-23-001219
Accepted At
2023-01-04 22:35 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 2022-12-31 M - Exercise 20,198.0428 A — 368,261.1584 Direct
Common SharesF1 2022-12-31 M - Exercise 14,643.8516 A — 382,905.01 Direct
Common SharesF1 2022-12-31 M - Exercise 5,216.4062 A — 388,121.4162 Direct
Common SharesF1 2022-12-31 M - Exercise 7,877.895 A — 395,999.3112 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF4F5F5 2022-12-31 M - Exercise 20,198.0428 D $0.00 20,198.0428 Common Shares Direct
Restricted Share UnitsF10F11F11 2022-10-05 M - Exercise 14,643.8516 D $0.00 14,643.8516 Common Shares Direct
Restricted Share UnitsF10F12F12 2022-10-05 M - Exercise 5,216.4062 D $0.00 5,216.4062 Common Shares Direct
Restricted Share UnitsF10F14F14 2022-10-05 M - Exercise 7,877.895 D $0.00 7,877.895 Common Shares 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)F3 Common Shares 200,000 $56.92 2027-05-04
Restricted Share UnitsF4F6F6 Common Shares 15,227.8239
Performance Share UnitsF7 Common Shares 257,362.005 2024-02-22
Restricted Share UnitsF4F8F8 Common Shares 16,053.0558
Performance Share UnitsF9 Common Shares 222,110.7691 2025-02-21
Performance Share UnitsF13 Common Shares 89,194.3687 2024-02-19
Performance Share UnitsF15 Common Shares 127,068.4499 2022-02-25
Footnotes (15)
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 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, 2022. Show more
F6
These restricted share units vest on December 31, 2023. Show more
F7
The shares reported represent an award of performance based restricted share units ("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
F8
These restricted share units vest on December 31, 2024. Show more
F9
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
F10
Each restricted share unit represents a contingent right to receive one common share. Show more
F11
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F12
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F13
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
F14
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F15
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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