4//SEC Filing
Schwan Axel 4
Accession 0001594977-26-000006
CIK 0001618756other
Filed
Jan 7, 7:00 PM ET
Accepted
Jan 8, 4:32 PM ET
Size
25.9 KB
Accession
0001594977-26-000006
Insider Transaction Report
Form 4
Schwan Axel
Pres., Tim Hortons Americas
Transactions
- Award
Common Shares
2026-01-06+36.745→ 166,839.791 total - Sale
Common Shares
2026-01-07$67.44/sh−2,186.76$147,475→ 164,653.031 total - Award
Restricted Share Units
2026-01-06+39.898→ 4,334.74 total→ Common Shares (39.898 underlying) - Award
Performance Share Units
2026-01-06+750.952→ 81,587.31 totalFrom: 2026-02-22Exp: 2026-02-22→ Common Shares (750.952 underlying) - Award
Restricted Share Units
2026-01-06+65.887→ 7,158.269 total→ Common Shares (65.887 underlying) - Award
Performance Share Units
2026-01-06+523.385→ 56,863.235 totalFrom: 2027-03-15Exp: 2027-03-15→ Common Shares (523.385 underlying) - Award
Restricted Share Units
2026-01-06+86.492→ 9,396.926 total→ Common Shares (86.492 underlying) - Award
Performance Share Units
2026-01-06+585.703→ 63,633.81 totalFrom: 2028-03-15Exp: 2028-03-15→ Common Shares (585.703 underlying)
Holdings
- 40,000
Option (Right to Buy)
Exercise: $58.44Exp: 2028-02-22→ Common Shares (40,000 underlying) - 30,000
Option (Right to Buy)
Exercise: $64.75Exp: 2029-02-21→ Common Shares (30,000 underlying) - 56,000
Option (Right to Buy)
Exercise: $66.31Exp: 2030-02-20→ Common Shares (56,000 underlying)
Footnotes (12)
- [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.
- [F10]The shares reported represent an award of performance based restricted share units ("2024 PBRSUs") granted to the Reporting Person. The 2024 PBRSUs 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.
- [F11]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026, December 15, 2027 and December 15, 2028.
- [F12]The shares reported represent an award of performance based restricted share units ("2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs will have a performance period beginning February 28, 2025 and ending February 28, 2028 and to the extent earned will vest on March 15, 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.
- [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.
- [F3]These options are fully vested and exercisable.
- [F4]Each restricted share unit represents a contingent right to receive one common share.
- [F5]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.
- [F6]These restricted share units vest in equal annual installments. The remaining vesting will occur on December 15, 2026.
- [F7]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.
- [F8]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.
- [F9]These restricted share units vest in equal annual installments. The remaining vestings will occur on December 15, 2026 and December 15, 2027.
Documents
Issuer
Restaurant Brands International Inc.
CIK 0001618756
Entity typeother
Related Parties
1- filerCIK 0001594977
Filing Metadata
- Form type
- 4
- Filed
- Jan 7, 7:00 PM ET
- Accepted
- Jan 8, 4:32 PM ET
- Size
- 25.9 KB