QSR

SEC source: 0001209191-20-023841 · doc4.xml · derivative · entry 8

Kobza Joshua · CIK 0001574771 · COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 38,314.0898

Underlying: Common Shares · 5,766.8646 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F8 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.

F8 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.

SEC source: 0001209191-20-023841 · doc4.xml · derivative · entry 6

Kobza Joshua · CIK 0001574771 · COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,899.6412

Underlying: Common Shares · 436.1 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F6 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

F6 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

SEC source: 0001209191-20-023842 · doc4.xml · derivative · entry 20

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 597.5294

Underlying: Common Shares · 597.5294 shares

Expires not disclosed

F16 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition.

F17 · derivative.exercise_date: These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.

F17 · derivative.expiration_date: These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.

SEC source: 0001209191-20-023842 · doc4.xml · derivative · entry 18

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 40.5573

Underlying: Common Shares · 40.5573 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F14 · derivative.exercise_date: These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.

F14 · derivative.expiration_date: These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.

SEC source: 0001209191-20-023842 · doc4.xml · derivative · entry 15

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 243.6226

Underlying: Common Shares · 82.6528 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F12 · derivative.exercise_date: These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.

F12 · derivative.expiration_date: These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.

SEC source: 0001209191-20-023842 · doc4.xml · derivative · entry 12

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 453.5508

Underlying: Common Shares · 91.4092 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F10 · derivative.exercise_date: These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.

F10 · derivative.expiration_date: These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.

SEC source: 0001209191-20-023842 · doc4.xml · derivative · entry 9

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 742.1131

Underlying: Common Shares · 128.861 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F8 · derivative.exercise_date: These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.

F8 · derivative.expiration_date: These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.

SEC source: 0001209191-20-023842 · doc4.xml · derivative · entry 7

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,933.0941

Underlying: Common Shares · 290.7333 shares

Expires not disclosed

F5 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F6 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

F6 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 22

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 746.9118

Underlying: Common Shares · 746.9118 shares

Expires not disclosed

F15 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition.

F20 · derivative.exercise_date: These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.

F20 · derivative.expiration_date: These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 20

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 110.3189

Underlying: Common Shares · 110.3189 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F18 · derivative.exercise_date: These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.

F18 · derivative.expiration_date: These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 17

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,535.0442

Underlying: Common Shares · 1,538.5854 shares

Expires not disclosed

F15 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition.

F16 · derivative.exercise_date: These dividend equivalent rights accrued on the 2019 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 PBRSUs to which they relate.

F16 · derivative.expiration_date: These dividend equivalent rights accrued on the 2019 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 PBRSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 15

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 294.7779

Underlying: Common Shares · 100.0081 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F13 · derivative.exercise_date: These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.

F13 · derivative.expiration_date: These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 13

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 153.3896

Underlying: Common Shares · 30.9143 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F11 · derivative.exercise_date: These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.

F11 · derivative.expiration_date: These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 8

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,568.1297

Underlying: Common Shares · 988.6054 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F9 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.

F9 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 6

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 240.1472

Underlying: Common Shares · 41.6993 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F7 · derivative.exercise_date: These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.

F7 · derivative.expiration_date: These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.

SEC source: 0001209191-20-023833 · doc4.xml · derivative · entry 4

Dunnigan Matthew · CIK 0001728874 · CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 498.569

Underlying: Common Shares · 74.9838 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F5 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

F5 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 21

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 224.0735

Underlying: Common Shares · 224.0735 shares

Expires not disclosed

F17 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share, subject to increase or decrease based on the results of the Issuer performance condition.

F18 · derivative.exercise_date: These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.

F18 · derivative.expiration_date: These dividend equivalent rights accrued on the 2020 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 PBRSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 19

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 65.9523

Underlying: Common Shares · 65.9523 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F15 · derivative.exercise_date: These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.

F15 · derivative.expiration_date: These dividend equivalent rights accrued on the 2020 restricted share unit award (the "2020 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2020 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2020 RSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 15

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 313.2355

Underlying: Common Shares · 106.2701 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F13 · derivative.exercise_date: These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.

F13 · derivative.expiration_date: These dividend equivalent rights accrued on the 2019 restricted share unit award (the "2019 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2019 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2019 RSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 13

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,757.5063

Underlying: Common Shares · 1,318.1405 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F11 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.

F11 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 PBRSUs. Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 PBRSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 PBRSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 11

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 260.5337

Underlying: Common Shares · 52.5083 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F9 · derivative.exercise_date: These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.

F9 · derivative.expiration_date: These dividend equivalent rights accrued on the 2018 restricted share unit award (the "2018 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2018 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2018 RSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 9

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 632.829

Underlying: Common Shares · 109.8848 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F7 · derivative.exercise_date: These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.

F7 · derivative.expiration_date: These dividend equivalent rights accrued on the 2017 restricted share unit award (the "2017 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2017 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2017 RSUs to which they relate.

SEC source: 0001209191-20-023828 · doc4.xml · derivative · entry 7

Athayde Felipe A · CIK 0001771305 · Brand Pres., Popeyes, Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,159.8564

Underlying: Common Shares · 174.44 shares

Expires not disclosed

F4 · derivative.exercise_price: Each whole dividend equivalent right represents a contingent right to receive one common share.

F5 · derivative.exercise_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

F5 · derivative.expiration_date: These dividend equivalent rights accrued on the 2016 restricted share unit award (the "2016 RSUs"). Dividend equivalent rights accrue when and as dividends are paid on the common shares underlying the 2016 RSUs and vest proportionately with and are subject to settlement and expiration upon the same terms as the 2016 RSUs to which they relate.

SEC source: 0001209191-20-064093 · doc4.xml · nonDerivative · entry 4

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,133

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.

SEC source: 0001209191-20-064093 · doc4.xml · nonDerivative · entry 3

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 21,540

F1 · kind: The Reporting Person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.

F2 · price: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $62.53 to $62.67 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 price. The proceeds from the sale of shares were used to cover the aggregate exercise price of the options exercised and to satisfy tax withholding obligations for all of the reported transactions.

SEC source: 0001209191-20-064093 · doc4.xml · nonDerivative · entry 2

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 59,394

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.

SEC source: 0001209191-20-064093 · doc4.xml · nonDerivative · entry 1

SCHWAN AXEL MR · CIK 0001594977 · Pres., Tim Hortons Americas

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 36,945

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person exercised these options in order to retain ownership of all shares, less those required to be sold to pay the exercise price and applicable taxes.

SEC source: 0001209191-20-018983 · doc4.xml · derivative · entry 5

Behring Alexandre · CIK 0001421706 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 0

Underlying: Common Shares · 212,105 shares

Expires 2021-02-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F5 · derivative.exercise_date: These options are immediately exercisable.

F2 · ownership.nature: These securities are held by ABH Investments Holdings Limited, of which the Reporting Person is the director and sole equity owner. The Reporting Person disclaims beneficial ownership of the securities held by ABH Investments Holdings Limited except to the extent of his pecuniary interest therein.

SEC source: 0001209191-20-018983 · doc4.xml · nonDerivative · entry 4

Behring Alexandre · CIK 0001421706 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 263,379

F1 · kind: The Reporting Person exercised these options in advance of the expiration date in order to retain ownership of all shares, less only those required to be sold to pay the exercise price and applicable taxes.

F4 · price: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $48.38 to $48.44 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.

F2 · ownership.nature: These securities are held by ABH Investments Holdings Limited, of which the Reporting Person is the director and sole equity owner. The Reporting Person disclaims beneficial ownership of the securities held by ABH Investments Holdings Limited except to the extent of his pecuniary interest therein.

SEC source: 0001209191-20-018983 · doc4.xml · nonDerivative · entry 3

Behring Alexandre · CIK 0001421706 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 267,485

F1 · kind: The Reporting Person exercised these options in advance of the expiration date in order to retain ownership of all shares, less only those required to be sold to pay the exercise price and applicable taxes.

F3 · price: Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transaction ranged from $47.38 to $48.37 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.

F2 · ownership.nature: These securities are held by ABH Investments Holdings Limited, of which the Reporting Person is the director and sole equity owner. The Reporting Person disclaims beneficial ownership of the securities held by ABH Investments Holdings Limited except to the extent of his pecuniary interest therein.

SEC source: 0001209191-20-018983 · doc4.xml · nonDerivative · entry 2

Behring Alexandre · CIK 0001421706 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 327,484

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: The Reporting Person exercised these options in advance of the expiration date in order to retain ownership of all shares, less only those required to be sold to pay the exercise price and applicable taxes.

F2 · ownership.nature: These securities are held by ABH Investments Holdings Limited, of which the Reporting Person is the director and sole equity owner. The Reporting Person disclaims beneficial ownership of the securities held by ABH Investments Holdings Limited except to the extent of his pecuniary interest therein.

SEC source: 0001209191-20-012661 · doc4.xml · derivative · entry 18

Machado Fernando · CIK 0001801288 · Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,638

Underlying: Common Shares · 10,638 shares

Expires not disclosed

F7 · derivative.exercise_price: Each restricted share unit represents a contingent right to receive one common share.

F18 · shares: The Issuer granted the 2020 restricted share units ("2020 RSUs") to the Reporting Person pursuant to the Issuer's 2019 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of his 2019 net bonus to purchase Investment Shares and received a matching grant of 2020 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 $66.31 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, he will forfeit 5,319 of the 2020 RSUs and a proportionate number of the remaining 2020 RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, he will forfeit all of the 2020 RSUs.

F19 · derivative.exercise_date: These restricted share units vest on December 31, 2024.

F19 · derivative.expiration_date: These restricted share units vest on December 31, 2024.

SEC source: 0001209191-20-012661 · doc4.xml · nonDerivative · entry 1

Machado Fernando · CIK 0001801288 · Chief Marketing Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,074

F1 · shares: 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 2019 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2019 net bonus to purchase common shares at a purchase price of $66.31 per share ("Investment Shares").

F2 · price: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 18 below pursuant to the Issuer's 2019 Bonus Swap Program 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 20, 2020.

SEC source: 0001209191-20-012653 · doc4.xml · derivative · entry 19

Finazzo Christopher L. · CIK 0001801406 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Shares · 25,000 shares

Expires 2025-02-21

F18 · derivative.exercise_price: The shares reported represent an award of performance based restricted share units ("PBRSUs") granted to the Reporting Person. The PBRSUs will have a performance period beginning January 1, 2019 and ending December 31, 2022 and to the extent earned will vest 100% 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 increase or decrease based on the results of the performance condition.

SEC source: 0001209191-20-012653 · doc4.xml · derivative · entry 18

Finazzo Christopher L. · CIK 0001801406 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,362

Underlying: Common Shares · 3,362 shares

Expires not disclosed

F4 · derivative.exercise_price: Each restricted share unit represents a contingent right to receive one common share.

F16 · shares: The Issuer granted the 2020 restricted share units ("2020 RSUs") to the Reporting Person pursuant to the Issuer's 2019 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of his 2019 net bonus to purchase Investment Shares and received a matching grant of 2020 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 $66.31 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, he will forfeit 1,681 of the 2020 RSUs and a proportionate number of the remaining 2020 RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, he will forfeit all of the 2020 RSUs.

F17 · derivative.exercise_date: These restricted share units vest on December 31, 2024.

F17 · derivative.expiration_date: These restricted share units vest on December 31, 2024.

SEC source: 0001209191-20-012653 · doc4.xml · derivative · entry 17

Finazzo Christopher L. · CIK 0001801406 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Shares · 25,000 shares

Expires 2030-02-20

SEC source: 0001209191-20-012653 · doc4.xml · nonDerivative · entry 1

Finazzo Christopher L. · CIK 0001801406 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,880

F1 · shares: 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 2019 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2019 net bonus to purchase common shares at a purchase price of $66.31 per share ("Investment Shares").

F2 · price: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 16 below pursuant to the Issuer's 2019 Bonus Swap Program 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 20, 2020.

SEC source: 0001209191-20-012635 · doc4.xml · derivative · entry 19

Cil Jose E. · CIK 0001552282 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 250,000

Underlying: Common Shares · 250,000 shares

Expires 2025-02-21

F22 · derivative.exercise_price: The shares reported represent an award of performance based restricted share units ("PBRSUs") granted to the Reporting Person. The PBRSUs will have a performance period beginning January 1, 2020 and ending December 31, 2022 and to the extent earned will vest 100% 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 increase or decrease based on the results of the performance condition.

SEC source: 0001209191-20-012635 · doc4.xml · derivative · entry 18

Cil Jose E. · CIK 0001552282 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,180

Underlying: Common Shares · 17,180 shares

Expires not disclosed

F5 · derivative.exercise_price: Each restricted share unit represents a contingent right to receive one common share.

F20 · shares: The Issuer granted the 2020 restricted share units ("2020 RSUs") to the Reporting Person pursuant to the Issuer's 2019 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of his 2019 net bonus to purchase Investment Shares and received a matching grant of 2020 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 $66.31 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, he will forfeit 8,590 of the 2020 RSUs and a proportionate number of the remaining 2020 RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, he will forfeit all of the 2020 RSUs.

F21 · derivative.exercise_date: These restricted share units vest on December 31, 2024.

F21 · derivative.expiration_date: These restricted share units vest on December 31, 2024.

SEC source: 0001209191-20-012635 · doc4.xml · nonDerivative · entry 1

Cil Jose E. · CIK 0001552282 · Chief Executive Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 702,457

F1 · shares: 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 2019 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2019 net bonus to purchase common shares at a purchase price of $66.31 per share ("Investment Shares").

F2 · price: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 20 below pursuant to the Issuer's 2019 Bonus Swap Program 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 20, 2020.

SEC source: 0001209191-20-012641 · doc4.xml · derivative · entry 21

Granat Jill · CIK 0001552022 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Shares · 25,000 shares

Expires 2025-02-21

F20 · derivative.exercise_price: The shares reported represent an award of performance based restricted share units ("PBRSUs") granted to the Reporting Person. The PBRSUs will have a performance period beginning January 1, 2019 and ending December 31, 2022 and to the extent earned will vest 100% 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 increase or decrease based on the results of the performance condition.

SEC source: 0001209191-20-012641 · doc4.xml · derivative · entry 20

Granat Jill · CIK 0001552022 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,471

Underlying: Common Shares · 7,471 shares

Expires not disclosed

F5 · derivative.exercise_price: Each restricted share unit represents a contingent right to receive one common share.

F18 · shares: The Issuer granted the 2020 restricted share units ("2020 RSUs") to the Reporting Person pursuant to the Issuer's 2019 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of her 2019 net bonus to purchase Investment Shares and received a matching grant of 2020 RSUs in an amount equal to 50% of her 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 $66.31 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, she will forfeit 3,736 of the 2020 RSUs and a proportionate number of the remaining 2020 RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, she will forfeit all of the 2020 RSUs.

F19 · derivative.exercise_date: These restricted share units vest on December 31, 2024.

F19 · derivative.expiration_date: These restricted share units vest on December 31, 2024.

SEC source: 0001209191-20-012641 · doc4.xml · derivative · entry 19

Granat Jill · CIK 0001552022 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 25,000

Underlying: Common Shares · 25,000 shares

Expires 2030-02-20

SEC source: 0001209191-20-012641 · doc4.xml · nonDerivative · entry 1

Granat Jill · CIK 0001552022 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 293,077

F1 · shares: The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of her investment rights pursuant to the Issuer's 2019 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of her 2019 net bonus to purchase common shares at a purchase price of $66.31 per share ("Investment Shares").

F2 · price: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 18 below pursuant to the Issuer's 2019 Bonus Swap Program 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 20, 2020.

SEC source: 0001209191-20-012658 · doc4.xml · derivative · entry 18

Friesner Jacqueline · CIK 0001552051 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,000

Underlying: Common Shares · 10,000 shares

Expires 2025-02-21

F20 · derivative.exercise_price: The shares reported represent an award of performance based restricted share units ("PBRSUs") granted to the Reporting Person. The PBRSUs will have a performance period beginning January 1, 2019 and ending December 31, 2022 and to the extent earned will vest 100% 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 increase or decrease based on the results of the performance condition.

SEC source: 0001209191-20-012658 · doc4.xml · derivative · entry 17

Friesner Jacqueline · CIK 0001552051 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,654

Underlying: Common Shares · 3,654 shares

Expires not disclosed

F5 · derivative.exercise_price: Each restricted share unit represents a contingent right to receive one common share.

F18 · shares: The Issuer granted the 2020 restricted share units ("2020 RSUs") to the Reporting Person pursuant to the Issuer's 2019 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of her 2019 net bonus to purchase Investment Shares and received a matching grant of 2020 RSUs in an amount equal to 50% of her 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 $66.31 per share. The RSU Multiplier was 1.75 for vice presidents. If the Reporting Person sells 50% or less of the Investment Shares, she will forfeit 1,827 of the 2020 RSUs and a proportionate number of the remaining 2020 RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, she will forfeit all of the 2020 RSUs.

F19 · derivative.exercise_date: These restricted share units vest on December 31, 2024.

F19 · derivative.expiration_date: These restricted share units vest on December 31, 2024.

SEC source: 0001209191-20-012658 · doc4.xml · nonDerivative · entry 1

Friesner Jacqueline · CIK 0001552051 · See Remarks

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 101,212

F1 · shares: The shares reported represent common shares purchased from the Issuer by the Reporting Person upon exercise of her investment rights pursuant to the Issuer's 2019 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of her 2019 net bonus to purchase common shares at a purchase price of $66.31 per share ("Investment Shares").

F2 · price: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 18 below pursuant to the Issuer's 2018 Bonus Swap Program 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 20, 2020.

SEC source: 0001209191-20-012640 · doc4.xml · derivative · entry 19

Kobza Joshua · CIK 0001574771 · COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 200,000

Underlying: Common Shares · 200,000 shares

Expires 2025-02-21

F22 · derivative.exercise_price: The shares reported represent an award of performance based restricted share units ("PBRSUs") granted to the Reporting Person. The PBRSUs will have a performance period beginning January 1, 2020 and ending December 31, 2022 and to the extent earned will vest 100% 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 increase or decrease based on the results of the performance condition.

SEC source: 0001209191-20-012640 · doc4.xml · derivative · entry 18

Kobza Joshua · CIK 0001574771 · COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,455

Underlying: Common Shares · 14,455 shares

Expires not disclosed

F5 · derivative.exercise_price: Each restricted share unit represents a contingent right to receive one common share.

F20 · shares: The Issuer granted the 2020 restricted share units ("2020 RSUs") to the Reporting Person pursuant to the Issuer's 2019 Bonus Swap Program under its 2014 Plan. The Reporting Person elected to use 50% of his 2019 net bonus to purchase Investment Shares and received a matching grant of 2020 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 $66.31 per share. The RSU Multiplier was 2.0 for executive vice presidents and above. If the Reporting Person sells 50% or less of the Investment Shares, he will forfeit 7,228 of the 2020 RSUs and a proportionate number of the remaining 2020 RSUs based on the number of Investment Shares sold. If the Reporting Person sells more than 50% of the Investment Shares, he will forfeit all of the 2020 RSUs.

F21 · derivative.exercise_date: These restricted share units vest on December 31, 2024.

F21 · derivative.expiration_date: These restricted share units vest on December 31, 2024.

SEC source: 0001209191-20-012640 · doc4.xml · nonDerivative · entry 1

Kobza Joshua · CIK 0001574771 · COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 249,832

F1 · shares: 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 2019 Bonus Swap Program under its Amended and Restated 2014 Omnibus Incentive Plan ("2014 Plan"). The Reporting Person elected to use 50% of his 2019 net bonus to purchase common shares at a purchase price of $66.31 per share ("Investment Shares").

F2 · price: Pursuant to the Issuer's 2014 Plan, the purchase price of the Investment Shares is, and the number of matching restricted share units described in footnote 20 below pursuant to the Issuer's 2019 Bonus Swap Program 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 20, 2020.