Restaurant Brands International Inc. — Director's Dealing 2021

May 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Restaurant Brands International Inc. (QSR)
CIK: 0001618756
Period of Report: 2021-05-04

Reporting Person: Siddiqui Sami A. (Brand Pres., Popeyes, Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-04	Common Shares	S	8882	$70.00	Disposed	175722.4374	Direct
2021-05-05	Common Shares	S	7653	$70.00	Disposed	168069.4374	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option (Right to Buy)	$55.55	2027-02-23	Common Shares (80000)	80000	Direct
Option (Right to Buy)	$66.31	2030-02-20	Common Shares (20000)	20000	Direct
Restricted Share Units	$		Common Shares (8794.1117)	8794.1117	Direct
Restricted Share Units	$		Common Shares (6199.5719)	6199.5719	Direct
Restricted Share Units	$		Common Shares (7529.7926)	7529.7926	Direct
Performance Share Units	$	2024-02-22	Common Shares (54135.2765)	54135.2765	Direct
Performance Share Units	$	2025-02-21	Common Shares (21024.1312)	21024.1312	Direct
Performance Share Units	$	2025-02-21	Common Shares (20338.4125)	20338.4125	Direct
Restricted Share Units	$		Common Shares (13306.8418)	13306.8418	Direct
Restricted Share Units	$		Common Shares (10356.1504)	10356.1504	Direct
Performance Share Units	$	2024-02-19	Common Shares (27016.9212)	27016.9212	Direct

Footnotes

F1: Each restricted share unit represents a contingent right to receive one common share.

F2: These restricted share units vest on December 31, 2021.

F3: These restricted share units vest on December 31, 2023.

F4: These restricted share units vest on December 31, 2024.

F5: The shares reported represent an award of performance based restricted share units ("2019 PBRSUs") granted to the Reporting Person. The 2019 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2024, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.

F6: The shares reported represent an award of performance based restricted share units (the "2020-1 PBRSUs") granted to the Reporting Person. The 2020-1 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 2025, which is the fifth anniversary of the grant date. The number of common shares that will be earned at the end of the performance period is subject to decrease based on the results of the performance condition.

F7: The shares reported represent an award of performance based restricted share units ("2020-2 PBRSUs") granted to the Reporting Person. The 2020-2 PBRSUs will have a performance period ending December 31, 2021 and to the extent earned will vest on February 21, 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.

F8: These restricted share units vest in equal installments on December 31, 2021, December 31, 2022 and December 2023.

F9: These restricted share units vest in equal installments on December 31, 2021, December 31, 2022, December 31, 2023 and December 31, 2024.

F10: The shares reported represent an award of performance based restricted share units ("2021 PBRSUs") granted to the Reporting Person. The 2021 PBRSUs will have a performance period beginning January 1, 2021 and ending December 31, 2023 and to the extent earned will vest on February 19, 2024. 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.