J Patrick Doyle Receives Stock Award at Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 06, 2023

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
TXN 2023-01-04 · FILED 2023-01-06
Equity Position 500K sh 500,000 → 500,000
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2023-01-06
Report Date
2023-01-04
Accession No.
0001209191-23-002456
Accepted At
2023-01-06 23:27 UTC
Reporting Owner
Name Relationship
J Patrick Doyle CIK 0001337160
Director Chair
J Patrick Doyle at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $3,042,920
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All filings by this insider at Restaurant Brands International Inc
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF2F3F4F4 2023-01-04 A - Award/Grant 4,186.0465 A $0.00 4,186.0465 Common Shares Direct
Performance Share UnitsF5F6F5F5 2023-01-04 A - Award/Grant 6,279.0698 A $0.00 6,279.0698 Common Shares Direct
Non-Derivative Holdings
Title Shares Held Ownership
Common SharesF1 500,000 Indirect
Derivative Holdings
Title Amount Exercise Price Expiration
Option (right to buy) Common Shares 2,000,000 $66.74 2032-11-20
Footnotes (6)
F1
These shares are held by Lodgepole 231 LLC, a Delaware limited liability company ("L231LLC"). The Reporting Person is a member of L231LLC and the Investment Manager with sole voting and dispositive power over all of the assets of L231LLC, including the shares. The Reporting Person disclaims beneficial ownership of the securities held by L231LLC except to the extent of his pecuniary interest therein. Show more
F2
Each restricted share unit represents a contingent right to receive one common share. Show more
F3
Represents dividend equivalent rights that accrued on the underlying award of restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the restricted share units to which they relate. Show more
F4
These restricted share units vest in equal installments on November 21, 2023, November 21, 2024, November 21, 2025, November 21, 2026 and November 21, 2027. Show more
F5
The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending March 21, 2028 and may be earned from 50% for the threshold performance to 200% for maximum performance, based on meeting performance targets tied to the appreciation of the price of RBI common shares. Show more
F6
Represents dividend equivalent rights that accrued on the underlying award of performance based restricted share units. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the applicable performance based restricted share units and vest proportionately with and are subject to settlement and expiration upon the same terms as the performance based restricted share units to which they relate. Show more
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