Axel Mr Schwan Sells $2.54M of Restaurant Brands International Inc (QSR) — SEC Form 4, Aug 27, 2024

Open-Market Net Sale · SEC Form 4
−$2,535,934

Equity position changed by -27.0%

Reporting Owner
Officer
TXN 2024-08-23 · FILED 2024-08-27
Equity Position 97.5K sh 133,479 → 97,479
Equity Change -27.0% 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
2024-08-27
Report Date
2024-08-23
Accession No.
0001618756-24-000140
Accepted At
2024-08-27 21:02 UTC
Reporting Owner
Name Relationship
Axel Mr Schwan CIK 0001594977
Officer
Axel Mr Schwan at Restaurant Brands International Inc Full insider history
Bought (12 mo) —
Sold (12 mo) $7,592,980
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Non-Derivative Securities Transactions
Title Date Type Shares Price Net Total Post-Txn Ownership
Common SharesF1 2024-08-23 S - Sale 24,099 D $70.12 -$1,689,716 109,380.1983 Direct
Common SharesF2 2024-08-23 S - Sale 11,901 D $71.10 -$846,218 97,479.1983 Direct
Derivative Holdings
Title Amount Exercise Price Expiration
Option (Right to Buy)F3 Common Shares 40,000 $58.44 2028-02-22
Option (Right to Buy)F3 Common Shares 30,000 $64.75 2029-02-21
Option (Right to Buy) Common Shares 56,000 $66.31 2030-02-20
Restricted Share UnitsF4F5F5 Common Shares 3,186.5762
Performance Share UnitsF6 Common Shares 46,947.7156 2025-02-21
Restricted Share UnitsF4F7F7 Common Shares 2,208.3427
Restricted Share UnitsF4F8F8 Common Shares 7,569.4864
Performance Share UnitsF9 Common Shares 42,972.8623 2025-02-25
Restricted Share UnitsF4F10F10 Common Shares 12,329.6018
Performance Share UnitsF11 Common Shares 77,348.2331 2026-02-22
Restricted Share UnitsF4F12F12 Common Shares 13,573.7025
Performance Share UnitsF13 Common Shares 53,908.7604 2027-03-15
Footnotes (13)
F1
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $70.00 to $70.41 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 price. Show more
F2
Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $71.10 to $71.13 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 price. Show more
F3
These options are fully vested and exercisable. 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, 2024. Show more
F6
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
F7
These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. Show more
F8
These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. Show more
F9
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
F10
These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. Show more
F11
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 December 31, 2025 and to the extent earned will vest on February 22, 2026, 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
F12
These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027. Show more
F13
The shares reported represent an award of performance based share units ("2024 PSUs") granted to the Reporting Person. The 2024 PSUs will have a performance period beginning February 23, 2024 and ending February 23, 2027 and to the extent earned will vest on March 15, 2027. 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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