J Patrick Doyle Sells $2.85M of Restaurant Brands International Inc (QSR) — SEC Form 4, Nov 22, 2023

This filing has been amended. View the latest version

Open-Market Net Sale · SEC Form 4

−$2,853,517

Equity position changed by +11.6%

Reporting Owner

J Patrick Doyle

Chair

TXN 2023-11-21 · FILED 2023-11-22

Equity Position 603K sh 540,782 → 603,285

Equity Change +11.6% shares held after vs before

Filing Lag 1 business day within 2-day SEC deadline

Form 4 · Statement of Changes in Beneficial Ownership

Restaurant Brands International Inc

QSR CIK 0001618756

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

More from this insider at Restaurant Brands International Inc

Non-Derivative Securities Transactions

Title	Date	Type	Shares	Price	Net Total	Post-Txn	Ownership
Common Shares	2023-11-21	M - Exercise	103,285.7071 A	$0.00	—	103,285.7071	Direct
Common SharesF1	2023-11-21	S - Sale	40,782.7595 D	$69.97	-$2,853,570	62,502.9476	Direct

Derivative Securities Transactions

Title	Strike	Date	Type	Shares	Price	Expiration	Underlying	Ownership
Restricted Share UnitsF3 F4 F4		2023-11-21	M - Exercise	103,285.7071 D	$0.00		103,285.7071 Common Shares	Direct

Non-Derivative Holdings

Title	Shares Held	Ownership
Common SharesF2	500,000	Indirect BY LLC

Derivative Holdings

Title	Amount	Exercise Price	Expiration
Option (right to buy) Common Shares	2,000,000	$66.74	2032-11-20
Performance Share UnitsF5 F5 F5 Common Shares	774,642.803

Footnotes (5)

F1: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.63 to $70.55 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price. Show more
F2: 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
F3: Each restricted share unit represents a contingent right to receive one common share. 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

Institutional Holders

Largest by reported value

5%+ Holders · 13D/G 4 filers

Latest Schedule 13D/G per filer; stakes the filer reported closed are left out.

Other insiders at Restaurant Brands International Inc

GET /v1/forms/4/0001209191-23-056480 API docs