X0508 4 2024-02-22 false 0001618756 Restaurant Brands International Inc. QSR 0001908101 Housman Jeffrey C/O RESTAURANT BRANDS INTERNATIONAL INC. 5707 BLUE LAGOON DRIVE MIAMI FL 33126 false true false false See Remarks false Common Shares 2024-02-22 4 M false 35697.5705 A 105666.1605 D Common Shares 2024-02-22 4 S false 14086.676 75.55 D 91579.4845 D Common Shares 2024-02-23 4 S false 30000 75.51 D 61579.4845 D Common Shares 2024-02-23 4 A false 2649 75.38 A 64228.4845 D Performance Share Units 2024-02-22 4 M false 35697.5705 0.00 D 2024-02-22 2024-02-22 Common Shares 35697.5705 0 D Restricted Share Units 2024-02-23 4 A false 9935 0.00 A Common Shares 9935 9935 D Performance Share Units 2024-02-23 4 A false 26532 0.00 A 2027-03-15 2027-03-15 Common Shares 26532 26532 D Exchangeable Units Common Shares 431 431 D Option (Right to Buy) 42.26 2025-03-06 Common Shares 30000 30000 D Option (Right to Buy) 55.55 2027-02-24 Common Shares 20000 20000 D Option (Right to Buy) 58.44 2028-02-23 Common Shares 30000 30000 D Option (Right to Buy) 66.31 2025-02-21 2030-02-21 Common Shares 20000 20000 D Restricted Share Units Common Shares 2837.419 2837.419 D Performance Share Units 2025-02-21 2025-02-21 Common Shares 23106.0181 23106.0181 D Restricted Share Units Common Shares 6924.4953 6924.4953 D Restricted Share Units Common Shares 1208.7399 1208.7399 D Restricted Share Units Common Shares 6359.3764 6359.3764 D Performance Share Units 2025-02-25 2025-02-25 Common Shares 26437.0358 26437.0358 D Restricted Share Units Common Shares 7224.6831 7224.6831 D Performance Share Units 2026-02-22 2026-02-22 Common Shares 22840.8515 22840.8515 D On February 22, 2024, 35,697.5705 of the Reporting Person's performance based restricted share units vested. Represents shares sold to cover withholding taxes on the settlement of the vesting of the Reporting Person's performance share units. Represents the weighted average price of the share sold. The prices of the shares sold pursuant to the transaction ranged from $75.28 to $75.73 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. The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of his investment rights pursuant to the Issuer's 2023 Bonus Swap Program under its 2023 Omnibus Incentive Plan ("2023 Plan"). The Reporting Person elected to use 50% of his 2023 net bonus to purchase common shares at a purchase price of $75.38 per share ("Investment Shares"). Pursuant to the Issuer's 2023 Plan, the purchase price of the Investment Shares is calculated based on, the last sales price of a common share of the Issuer on the New York Stock Exchange on the Trading day immediately preceding the grant date, in this case February 22, 2024. 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 22, 2024, which is the fifth anniversary of the grant date. Each restricted share unit represents a contingent right to receive one common share. The Issuers grant the 2024 restricted share units ("2024 RSUs") to the Reporting Person pursuant to the Issuer's 2023 Bonus Swap Program under its 2023 Plan. The Reporting Person elected to use 50% of his 2023 net bonus to purchase Investment Shares and received a matching grant of 2024 RSUs in an amount equal to 50% of his gross bonus, multiplied by a multiple based on the Reporting Person's position level with the Issuer ("RSU Multiplier"), and divided by the purchase price of $75.38 per share. The RSU Multiplier was 2.25 for executive vice presidents and above. If the Reporting Person sells any of the Investment Shares, he will forfeit all of the 2024 RSUs that have not yet vested. These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027. The shares reported represent an award of perforamnce 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 eaned at the end of hte performance period is subject to increase or decrease based on the results of the performance condition. 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. These options are fully vested and exercisable. These restricted share units vest on December 31, 2024. 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. These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024. These restricted share units vest in equal installments on December 31, 2022, December 31, 2023, December 31, 2024 and December 31, 2025. 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, 2022 and to the extent earned will vest 100% 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. These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026. 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. /s/ Michele Keusch, as Attorney-in-Fact for Jeffrey Housman 2024-02-26