Doyle J Patrick's Form 4/A amendment
AmendedRestaurant Brands International Inc. (QSR) · filed Nov 24, 2023
- Accession no.
- 0001209191-23-056577
- Filed
- Nov 24, 2023
- Trade date
- Nov 21-23, 2023
- Filing delay
- 3 days
- Rule 10b5-1 plan
- Not checked
- Original filed
- Nov 22, 2023
This filing lists 2 non-derivative transactions and 1 derivative transaction. Open-market sales total $2.85M. It was filed 3 days after the trade.
This amendment replaces 0001209191-23-056480 (filed Nov 22, 2023).
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Doyle J PatrickCIK 0001337160 | Director, Officer (Executive Chairman) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 21, 2023 | Common Shares | MOption exerciseAcquired | +103,285.71 | $0.00 | $0 | 103,285.71 | Direct | |
| Nov 23, 2023 | Common Shares | SSaleDisposed | −40,782.76 | $69.97F2 | −$2,853,569.72 | 62,502.95 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 21, 2023 | Common Shares | MOption exerciseDisposed | −103,285.71 | $0.00 | $0 | 413,142.83 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- 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 $69.63 to $70.55 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.
Referenced by the price of 1 transaction in Table I.
- F3
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.
- F4
Each restricted share unit represents a contingent right to receive one common share.
- F5
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.
- F6
The performance based restricted share units ("PBRSUs") will have a performance period beginning on November 21, 2022 and ending on March 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.
Remarks
This Form 4/A is being filed solely to add footnote (1) for clarification.