Joshua Kobza Receives Stock Award at Restaurant Brands International Inc (QSR) — SEC Form 4, Jul 10, 2023

SEC Form 4 · No Market Transaction
Stock Award

Compensation grant — no market purchase or sale.

Reporting Owner
TXN 2023-07-06 · FILED 2023-07-10
Equity Position 384K sh 384,231 → 384,231
Filing Lag 2 business days within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Filing Date
2023-07-10
Report Date
2023-07-06
Accession No.
0001209191-23-041943
Accepted At
2023-07-10 21:14 UTC
Reporting Owner
Name Relationship
Joshua Kobza CIK 0001574771
CEO
Joshua Kobza at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $17,048,276
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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 UnitsF3F4F5F5 2023-07-06 A - Award/Grant 110.5777 A $0.00 110.5777 Common Shares Direct
Restricted Share UnitsF3F4F8F8 2023-07-06 A - Award/Grant 116.5702 A $0.00 116.5702 Common Shares Direct
Restricted Share UnitsF3F4F10F10 2023-07-06 A - Award/Grant 106.3371 A $0.00 106.3371 Common Shares Direct
Restricted Share UnitsF3F4F11F11 2023-07-06 A - Award/Grant 75.7507 A $0.00 75.7507 Common Shares Direct
Restricted Share UnitsF3F4F13F13 2023-07-06 A - Award/Grant 171.6248 A $0.00 171.6248 Common Shares Direct
Restricted Share UnitsF3F4F15F15 2023-07-06 A - Award/Grant 186.628 A $0.00 186.628 Common Shares Direct
Performance Share UnitsF6F7 2023-07-06 A - Award/Grant 1,868.8485 A $0.00 2024-02-22 1,868.8485 Common Shares Direct
Performance Share UnitsF9F7 2023-07-06 A - Award/Grant 1,612.8697 A $0.00 2025-02-21 1,612.8697 Common Shares Direct
Performance Share UnitsF12F7 2023-07-06 A - Award/Grant 647.6899 A $0.00 2024-02-19 647.6899 Common Shares Direct
Performance Share UnitsF14F7 2023-07-06 A - Award/Grant 922.7146 A $0.00 2022-02-25 922.7146 Common Shares Direct
Performance Share UnitsF16F7 2023-07-06 A - Award/Grant 2,160.3798 A $0.00 2026-02-22 2,160.3798 Common Shares Direct
Non-Derivative Holdings
Title Shares Held Ownership
Common Shares 384,231.2575 Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Exchangeable unitsF1F1F1F1 Common Shares 5,413
Option (right to buy)F2 Common Shares 35,494 $42.26 2025-03-05
Option (right to buy)F2 Common Shares 300,000 $42.26 2025-03-05
Option (right to buy)F2 Common Shares 200,000 $56.92 2027-05-04
Footnotes (16)
F1
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
F2
These options are immediately exerciseable. Show more
F3
Each restricted share unit represents a contingent right to receive one common share. Show more
F4
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
F5
These restricted share units vest on December 31, 2023. Show more
F6
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
F7
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
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
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 31, 2023. Show more
F11
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F12
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
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 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
F15
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
F16
The shares reported represent an award of performance based restricted share units ("2023 PBRSUs") granted to the Reporting Person. The 2023 PBRSUs will have a performance period beginning January 1, 2023 and ending May 21, 2028 and to the extent earned will vest on May 28, 2028. 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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