SEC Filing Summary

Axel Schwan, Pres., Tim Hortons US & Canada, reported the following transactions: Acquisition of 40,000 common shares at $58.44 and 30,000 common shares at $64.75. Disposal of 57,574 common shares at a weighted average price of $81.14. Additionally, exercised options to buy 40,000 common shares and 30,000 common shares. The filing also details various restricted share units (RSUs) and performance-based restricted share units (PBRSUs) with different vesting schedules and performance conditions. Post-transaction, Schwan holds 209,907.9293 common shares directly. The total number of RSUs and PBRSUs held post-transaction is substantial and subject to future vesting and performance conditions.