Jeffrey Housman Sells $351K of Restaurant Brands International Inc (QSR) — SEC Form 4, Jan 06, 2023

Open-Market Net Sale · SEC Form 4
−$351,216

Equity position changed by -8.5%

Reporting Owner
Officer
TXN 2023-01-04 · FILED 2023-01-06
Equity Position 57.1K sh 62,381 → 57,093
Equity Change -8.5% 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
2023-01-06
Report Date
2023-01-04
Accession No.
0001209191-23-002466
Accepted At
2023-01-06 23:34 UTC
Reporting Owner
Name Relationship
Jeffrey Housman CIK 0001908101
Officer
Jeffrey Housman at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $2,503,199
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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 2023-01-04 A - Award/Grant 112.2764 A $0.00 — 62,493.293 Direct
Common SharesF2 2023-01-04 S - Sale 5,400.2643 D $65.04 -$351,233 57,093.0287 Direct
Derivative Securities Transactions
Title Strike Date Type Shares Price Expiration Underlying Ownership
Restricted Share UnitsF5F6F7F7 2023-01-04 A - Award/Grant 28.882 A $0.00 28.882 Common Shares Direct
Restricted Share UnitsF5F6F10F10 2023-01-04 A - Award/Grant 22.8351 A $0.00 22.8351 Common Shares Direct
Restricted Share UnitsF5F6F12F12 2023-01-04 A - Award/Grant 111.4543 A $0.00 111.4543 Common Shares Direct
Restricted Share UnitsF5F6F12F12 2023-01-04 A - Award/Grant 19.4465 A $0.00 19.4465 Common Shares Direct
Restricted Share UnitsF5F6F13F13 2023-01-04 A - Award/Grant 76.773 A $0.00 76.773 Common Shares Direct
Performance Share UnitsF8F9 2023-01-04 A - Award/Grant 287.2878 A $0.00 2024-02-22 287.2878 Common Shares Direct
Performance Share UnitsF11F9 2023-01-04 A - Award/Grant 185.9532 A $0.00 2025-02-21 185.9532 Common Shares Direct
Performance Share UnitsF14F9 2023-01-04 A - Award/Grant 212.7607 A $0.00 2025-02-25 212.7607 Common Shares Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable UnitsF3F3F3F3 Common Shares 431
Option (Right to Buy)F4 Common Shares 30,000 $42.26 2025-03-06
Option (Right to Buy)F4 Common Shares 20,000 $55.55 2027-02-24
Option (Right to Buy) Common Shares 30,000 $58.44 2028-02-23
Option (Right to Buy) Common Shares 20,000 $66.31 2030-02-21
Footnotes (14)
F1
Represents shares settled from dividend equivalent rights that accrued on a vested restricted share unit award in respect of dividends that were paid after the vesting of the award with a record date prior to the vesting of the award. Show more
F2
Represents shares sold to cover withholding tax obligations on the settlement of the previously reported vesting of the Reporting Person's restricted share units. Show more
F3
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
F4
These options are immediately exercisable. Show more
F5
Each restricted share unit represents a contingent right to receive one common share. Show more
F6
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
F7
These restricted share units vest on December 31, 2023. Show more
F8
The shares 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
F9
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
F10
These restricted share units vest on December 31, 2024. Show more
F11
The shares reported represents an award of performance based 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
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
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F14
The shares reported represents an award of performance based restricted share units (the "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
Remarks

Chief People & Services Officer

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