4//SEC Filing
DOYLE J PATRICK 4
Accession 0001618756-24-000192
CIK 0001618756other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 4:33 PM ET
Size
15.2 KB
Accession
0001618756-24-000192
Insider Transaction Report
Form 4
DOYLE J PATRICK
DirectorExecutive Chairman
Transactions
- Exercise/Conversion
Restricted Share Units
2024-11-21−106,549.685→ 319,649.054 total→ Common Shares (106,549.685 underlying) - Sale
Common Shares
2024-11-21$69.63/sh−1,531$106,608→ 127,000.632 total - Exercise/Conversion
Common Shares
2024-11-21+106,549.685→ 169,052.632 total - Sale
Common Shares
2024-11-21$69.16/sh−40,521$2,802,574→ 128,531.632 total
Holdings
- 799,122.634
Performance Share Units
→ Common Shares (799,122.634 underlying) - 500,000(indirect: By LLC)
Common Shares
- 2,000,000
Option (Right to Buy)
Exercise: $66.74From: 2027-11-21Exp: 2032-11-20→ Common Shares (2,000,000 underlying)
Footnotes (7)
- [F1]Represents shares sold to cover withholding tax obligations on the settlement of the reported vesting of the Reporting Person's restricted share units.
- [F2]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $68.60 to $69.59 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.
- [F3]Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $69.61 to $69.66 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.
- [F4]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 the 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.
- [F5]Each restricted share unit represents a contingent right to receive one common share.
- [F6]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.
- [F7]The performance based restricted share units ("PBRSUs") will have a performance period beginning November 21, 2022 and ending May 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.
Documents
Issuer
Restaurant Brands International Inc.
CIK 0001618756
Entity typeother
Related Parties
1- filerCIK 0001337160
Filing Metadata
- Form type
- 4
- Filed
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 4:33 PM ET
- Size
- 15.2 KB