4//SEC Filing
KLEIN JEFFREY W 4
Accession 0001618756-25-000180
CIK 0001618756other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 6:05 PM ET
Size
17.5 KB
Accession
0001618756-25-000180
Insider Transaction Report
Form 4
KLEIN JEFFREY W
President, Popeyes-US & Canada
Transactions
- Award
Restricted Share Units
2025-02-28+6,979→ 6,979 total→ Common Shares (6,979 underlying) - Award
Common Shares
2025-02-28$65.19/sh+1,861$121,319→ 20,762.78 total - Award
Performance Share Units
2025-03-28+34,514→ 34,514 totalFrom: 2028-03-15Exp: 2028-03-15→ Common Shares (34,514 underlying)
Holdings
- 22,878.058
Performance Share Units
From: 2027-03-15Exp: 2027-03-15→ Common Shares (22,878.058 underlying) - 1,609.658
Restricted Share Units
→ Common Shares (1,609.658 underlying) - 10,227.19
Performance Share Units
From: 2026-02-22Exp: 2026-02-22→ Common Shares (10,227.19 underlying) - 3,746.707
Restricted Share Units
→ Common Shares (3,746.707 underlying)
Footnotes (10)
- [F1]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 2024 Bonus Swap Program under its 2023 Omnibus Incentive Plan ("2023 Plan"). The Reporting Person elected to use 50% of his 2024 net bonus to purchase common shares at a purchase price of $65.19 per share ("Investment Shares").
- [F10]The shares reported represent an award of performance base share units (the "2025 PBRSUs") granted to the Reporting Person. The 2025 PBRSUs will have a performance period beginning on 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]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 27, 2025.
- [F3]Each restricted share unit represents a contingent right to receive one common share.
- [F4]These restricted share units vest in equal installments on December 15, 2023, December 15, 2024, December 15, 2025 and December 15, 2026.
- [F5]These restricted share units vest in equal installments on December 15, 2024, December 15, 2025, December 15, 2026 and December 15, 2027.
- [F6]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.
- [F7]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 period.
- [F8]The Issuer granted the 2025 restricted share units ("2025 RSUs") to the Reporting Person pursuant to the Issuer's 2024 Bonus Swap Program under its 2023 Plan. The Reporting Person elected to use 50% of his 2024 net bonus to purchase Investment Shares and received a matching grant of 2025 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 $65.19 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 2025 RSUs that have not yet vested.
- [F9]These restricted share units vest in equal installments on December 15, 2025, December 15, 2026, December 15, 2027 and December 15, 2028.
Documents
Issuer
Restaurant Brands International Inc.
CIK 0001618756
Entity typeother
Related Parties
1- filerCIK 0002016193
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 6:05 PM ET
- Size
- 17.5 KB