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QSRRestaurant Brands International Inc. · Insider ownership research

Restaurant Brands International Inc. insiders sold $55.7M in the past 12 months. How much of their stake is that?

Insiders sold $55.7M in the past 12 months.0% was sold under disclosed trading plans, 26% to cover taxes, 74% with no plan disclosed. The largest seller, Joshua Kobza (Chief Executive Officer), sold $17.0M. 55% of these sales were shares from exercising options.Share-of-stake figures for this company are being verified and will be added when that check is finished. Why

Updated Oct 13, 2026 from SEC filings · covers Oct 14, 2025 to Oct 13, 2026
$41.1M
sold with no plan disclosed, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
12 of 22
officers and directors sold shares, past 12 months
Is this normal? In line with the past 5 years. 12 insiders sold; the average is 11 a year. Year by year
Latest filing: Filed Sep 9 for a sale on Sep 4. Axel Schwan sold 58K shares ($4.7M) with no plan disclosed. Filing
SEC ownership filings: 110 filed in the 12 months to Oct 13, 2026; 1,019 on record since Dec 12, 2014 · See the evidence

What stands out

Seven officers sold $39.8M with no disclosed plan: Joshua Kobza ($16.3M), Sami Siddiqui ($6.0M) and Thomas Curtis ($5.5M), plus 4 more. The filings don't state a reason.Joshua Kobza: largest such sale, Mar 18, 2026 · Sami Siddiqui: largest such sale, Mar 17, 2026 · Thomas Curtis: largest such sale, Aug 21, 2026

A share of stake is shown for 0 of the 12 officers and directors who sold. 22 are left out

i
Left out: Daniel Schwartz, Joshua Kobza, Patrick Doyle, Alexandre Behring, Jill Granat, Sami Siddiqui, Jacqueline Friesner, Axel Schwan, Jeffrey Housman, Thomas Curtis, Thiago Santelmo, Duncan Fulton, Peter Perdue, Ali Hedayat, Jeffrey Klein, Marc Lemann, Stirum de Limburg, Jason Melbourne, Thecla Sweeney, Cristina Farjallat, Jordana Fribourg and Marcia Smith (share of stake is being verified).
Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Their share of stake is being verified and is not shown yet; amounts and trading plans are below.

Joshua Kobza
Chief Executive Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$17.0M5% to cover taxes 95% no plan disclosed
Sami Siddiqui
Chief Financial Officer
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$7.7M22% to cover taxes 78% no plan disclosed
Axel Schwan
Pres., Tim Hortons US & Canada
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$7.6M38% to cover taxes 62% no plan disclosed
Thomas Curtis
Pres., BK US & CA
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$6.8M20% to cover taxes 80% no plan disclosed
Jill Granat
EVP, General Counsel and Secretary
Not confirmed
Share of stake not shown: share of stake is being verified. Why
$5.0M26% to cover taxes 74% no plan disclosed
All 12 sellers

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

To cover taxesNo plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNov 2025: $3.0M to cover taxesNov 2025: $509K no plan disclosedNovDec 2025: $3.4M to cover taxesDec 2025: $1.5M no plan disclosedDecJan 2026: $1.0M to cover taxesJanFeb 2026: $7.2M to cover taxesFebMar 2026: $29.2M no plan disclosed$29.2MMarAprMayJunJulAug 2026: $5.2M no plan disclosedAugSep 2026: $4.7M no plan disclosedSepOct

Recent activity

Past 30 days, Sep 14, 2026 to Oct 13, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Sep 4, 2026Axel Schwan sold 58K shares ($4.7M) with no plan disclosed. 70K shares came in from vesting or option exercises the same day, so the holding rose by 12K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Axel Schwan
Pres., Tim Hortons US & Canada
57,574$81.14n/an/aSep 4, 2026Sep 9, 2026

Outside holders, reported separately

3G Restaurant Brands Holdings General Partner Ltd. reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the Restaurant Brands International Inc. CEO selling stock?

Yes. Joshua Kobza sold 229K shares ($17.0M) in the past 12 months, none of it under a trading plan disclosed in the filings.

Why are Restaurant Brands International Inc. insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings, 26% were to cover taxes and 74% had no disclosed plan. A trading plan schedules sales in advance.

Are any Restaurant Brands International Inc. insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

The evidence

Who sold12 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Joshua Kobza
Chief Executive Officer
$17.0M
229K shares
Not confirmed
share of stake is being verified. Why
5% to cover taxes 95% no plan disclosed
Sami Siddiqui
Chief Financial Officer
$7.7M
105K shares
Not confirmed
share of stake is being verified. Why
22% to cover taxes 78% no plan disclosed
Axel Schwan
Pres., Tim Hortons US & Canada
$7.6M
101K shares
Not confirmed
share of stake is being verified. Why
38% to cover taxes 62% no plan disclosed
Thomas Curtis
Pres., BK US & CA
$6.8M
88K shares
Not confirmed
share of stake is being verified. Why
20% to cover taxes 80% no plan disclosed
Jill Granat
EVP, General Counsel and Secretary
$5.0M
69K shares
Not confirmed
share of stake is being verified. Why
26% to cover taxes 74% no plan disclosed
Patrick Doyle
Executive Chairman, Director
$3.0M
44K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Jacqueline Friesner
SVP, Controller and Principal Accounting Officer
$2.7M
37K shares
Not confirmed
share of stake is being verified. Why
18% to cover taxes 82% no plan disclosed
Jeffrey Housman
Chief People & Services Officer
$2.5M
35K shares
Not confirmed
share of stake is being verified. Why
41% to cover taxes 59% no plan disclosed
Thiago Santelmo
President, International
$1.3M
18K shares
Not confirmed
share of stake is being verified. Why
43% to cover taxes 57% no plan disclosed
Duncan Fulton
Chief Corporate Officer
$1.1M
16K shares
Not confirmed
share of stake is being verified. Why
To cover taxes
Ali Hedayat
Director
$509K
7K shares
Not confirmed
share of stake is being verified. Why
No plan disclosed
Peter Perdue
President, Popeyes-US & Canada
$353K
5.2K shares
Not confirmed
share of stake is being verified. Why
To cover taxes

Outside holder, reported separately: 3G Restaurant Brands Holdings General Partner Ltd. (a 10% owner, not part of management). No open-market sales reported in the period. Latest filing

The full ownership picture0 of 22 officers and directors confirmed

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 13, 2025SoldHeld Oct 13, 2026Still held
Daniel Schwartz
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Daniel Schwartz are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Daniel Schwartz

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Daniel Schwartz are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Joshua Kobza
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Joshua Kobza are complete.
Chief Executive Officer
n/a−229Kn/an/a
Vesting, gifts, unvested awards and holding lines for Joshua Kobza

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Joshua Kobza are complete; balances and unit counts will be added when the check is finished.

−14Kgifted (net of own trusts)
Patrick Doyle
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Patrick Doyle are complete.
Executive Chairman, Director
n/a−44Kn/an/a
Vesting, gifts, unvested awards and holding lines for Patrick Doyle

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Patrick Doyle are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
2,000,000$66.74Nov 20, 2032$28.8M

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Alexandre Behring
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. See the filing Sales and other transactions for Alexandre Behring are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Alexandre Behring

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Alexandre Behring are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jill Granat
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jill Granat are complete.
EVP, General Counsel and Secretary
n/a−69Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jill Granat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jill Granat are complete; balances and unit counts will be added when the check is finished.

−5.3Kgifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
25,000$66.31Feb 20, 2030$371K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Sami Siddiqui
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Sami Siddiqui are complete.
Chief Financial Officer
n/a−105Kn/an/a
Vesting, gifts, unvested awards and holding lines for Sami Siddiqui

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Sami Siddiqui are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
20,000$66.31Feb 20, 2030$297K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Jacqueline Friesner
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jacqueline Friesner are complete.
SVP, Controller and Principal Accounting Officer
n/a−37Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jacqueline Friesner

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jacqueline Friesner are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Axel Schwan
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Axel Schwan are complete.
Pres., Tim Hortons US & Canada
n/a−101Kn/an/a
Vesting, gifts, unvested awards and holding lines for Axel Schwan

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Axel Schwan are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
56,000$66.31Feb 20, 2030$831K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Jeffrey Housman
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Housman are complete.
Chief People & Services Officer
n/a−35Kn/an/a
Vesting, gifts, unvested awards and holding lines for Jeffrey Housman

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Housman are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
30,000$58.44Feb 23, 2028$681K
20,000$66.31Feb 21, 2030$297K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Thomas Curtis
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thomas Curtis are complete.
Pres., BK US & CA
n/a−88Kn/an/a
Vesting, gifts, unvested awards and holding lines for Thomas Curtis

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thomas Curtis are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Thiago Santelmo
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thiago Santelmo are complete.
President, International
n/a−18Kn/an/a
Vesting, gifts, unvested awards and holding lines for Thiago Santelmo

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thiago Santelmo are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
10,000$58.44Feb 22, 2028$227K
30,000$64.75Feb 21, 2029$492K
7,500$66.31Feb 20, 2030$111K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Duncan Fulton
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Duncan Fulton are complete.
Chief Corporate Officer
n/a−16Kn/an/a
Vesting, gifts, unvested awards and holding lines for Duncan Fulton

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Duncan Fulton are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
60,000$63.64Aug 3, 2028$1.1M
15,000$66.31Feb 21, 2030$222K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Peter Perdue
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Peter Perdue are complete.
President, Popeyes-US & Canada
n/a−5.2Kn/an/a
Vesting, gifts, unvested awards and holding lines for Peter Perdue

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Peter Perdue are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
10,000$64.75Feb 21, 2029$164K
12,000$66.31Feb 20, 2030$178K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Ali Hedayat
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Ali Hedayat are complete.
Director
n/a−7Kn/an/a
Vesting, gifts, unvested awards and holding lines for Ali Hedayat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Ali Hedayat are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Jeffrey Klein
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jeffrey Klein are complete.
President, Popeyes-US & Canada
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jeffrey Klein

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jeffrey Klein are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)
Marc Lemann
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Marc Lemann are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Marc Lemann

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Marc Lemann are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
15,358$65.11Jun 25, 2031$246K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Stirum de Limburg
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Stirum de Limburg are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Stirum de Limburg

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Stirum de Limburg are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
17,934$55.76Jun 14, 2030$455K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Jason Melbourne
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jason Melbourne are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jason Melbourne

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jason Melbourne are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
18,860$53.02Oct 29, 2030$530K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Thecla Sweeney
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Thecla Sweeney are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Thecla Sweeney

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Thecla Sweeney are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
17,841$56.28Jan 1, 2032$444K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Cristina Farjallat
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Cristina Farjallat are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Cristina Farjallat

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Cristina Farjallat are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
15,218$65.71Feb 23, 2033$235K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Jordana Fribourg
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Jordana Fribourg are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Jordana Fribourg

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Jordana Fribourg are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
13,118$76.23Jun 14, 2033$64K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Marcia Smith
!
Holdings and share of stake are being verified. Share-of-stake figures and holdings for this company are held back while they are verified. Sales and other transactions for Marcia Smith are complete.
Director
n/a0n/an/a
Vesting, gifts, unvested awards and holding lines for Marcia Smith

Holdings and share of stake are being verified. Sales, proceeds, plan and tax status and dates for Marcia Smith are complete; balances and unit counts will be added when the check is finished.

0gifted (net of own trusts)

Stock options (not counted as shares):

Options heldStrike priceExpiresIntrinsic value (estimate)
13,747$72.74Jun 3, 2036$116K

Estimate: options held × ($81.14 − strike price), using the most recent insider trade price on Form 4 (Sep 4, 2026), not a market close.

Holdings and share of stake for Restaurant Brands International Inc. are being verified, so no balances, unit counts or percentages are shown. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings.

What explains the selling$55.7M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $55.7M across 753,354 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $41.1M

Sales with no 10b5-1 plan and no tax reference in the filing. $16.3M of it is Joshua Kobza. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Joshua Kobza, Mar 18, 2026

Taxes

$14.6M of sales (26.3%) cite tax obligations in their footnotes. Example: Peter Perdue, Feb 23, 2026

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Joshua Kobza
Chief Executive Officer
229K$17.0M0%31%Dec 15, 2025 to Mar 18, 2026
Sami Siddiqui
Chief Financial Officer
105K$7.7M0%14%Dec 15, 2025 to Mar 17, 2026
Axel Schwan
Pres., Tim Hortons US & Canada
101K$7.6M0%14%Dec 15, 2025 to Sep 4, 2026
Thomas Curtis
Pres., BK US & CA
88K$6.8M0%12%Dec 15, 2025 to Aug 21, 2026
Jill Granat
EVP, General Counsel and Secretary
69K$5.0M0%9%Dec 15, 2025 to Mar 18, 2026
Patrick Doyle
Executive Chairman, Director
44K$3.0M0%5%Nov 21, 2025 to Nov 21, 2025
Jacqueline Friesner
SVP, Controller and Principal Accounting Officer
37K$2.7M0%5%Dec 15, 2025 to Mar 16, 2026
Jeffrey Housman
Chief People & Services Officer
35K$2.5M0%4%Dec 15, 2025 to Mar 20, 2026
Thiago Santelmo
President, International
18K$1.3M0%2%Dec 15, 2025 to Mar 17, 2026
Duncan Fulton
Chief Corporate Officer
16K$1.1M0%2%Dec 15, 2025 to Feb 23, 2026
Ali Hedayat
Director
7K$509K0%0.9%Nov 26, 2025 to Nov 26, 2025
Peter Perdue
President, Popeyes-US & Canada
5.2K$353K0%0.6%Dec 15, 2025 to Feb 23, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$3.6M$0$3.0M$509K
Dec 2025$4.9M$0$3.4M$1.5M
Jan 2026$1.0M$0$1.0M$0
Feb 2026$7.2M$0$7.2M$0
Mar 2026$29.2M$0$0$29.2M
Apr 2026$0$0$0$0
May 2026$0$0$0$0
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$5.2M$0$0$5.2M
Sep 2026$4.7M$0$0$4.7M
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

In line with the past 5 years. 12 insiders sold; the average is 11 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 13, 2026
Latest 12 months
753K12$55.7M
Oct 13, 2025
1 year earlier
781K11$51.3M
Oct 13, 2024
2 years earlier
1.04M12$77.9M
Oct 14, 2023
3 years earlier
845K12$57.5M
Oct 14, 2022
4 years earlier
111K9$6.5M
Oct 14, 2021
5 years earlier
1.61M13$104M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertainty22 officers and directors not confirmed

Holdings and share of stake are being verified. Balances, unit counts and every share-of-stake figure for Restaurant Brands International Inc. are held back until that check is finished. Sales, proceeds, plan and tax status, titles and dates come straight from individual filings and are complete.

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology1,019 filings on record, 110 filed in the 12-month period, and how we read them

All 1,019 Forms 3, 4 and 5 on record for Restaurant Brands International Inc. (SEC CIK 1618756), filed from Dec 12, 2014 to Oct 6, 2026; 110 of them were filed in the 12 months this page covers, retrieved from SEC EDGAR on Oct 13, 2026. Prices are the ones reported in each filing, often weighted averages. 3 filings were left out because Restaurant Brands International Inc. filed them as an owner of another company's stock.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (25)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Matthew DunniganFeb 26, 2024152,076 shares, last reported balance as of Feb 23, 2024
David ShearFeb 26, 2024248,148 shares, last reported balance as of Feb 23, 2024
Jose CilFeb 24, 20231,013,912 shares, last reported balance as of Feb 23, 2023
Paul FribourgJan 4, 2023374,038 shares, last reported balance as of Dec 30, 2022
Neil GoldenJan 4, 202327,998 shares, last reported balance as of Dec 30, 2022
Joao Castro-NevesJan 4, 20237,423 shares, last reported balance as of Dec 30, 2022
Golnar KhosrowshahiJan 4, 202315,158 shares, last reported balance as of Dec 30, 2022
John PratoJan 4, 20237,083 shares, last reported balance as of Dec 30, 2022
Carlos SicupiraJan 4, 20222,421,732 shares, last reported balance as of Dec 30, 2021
Motta ThompsonMay 28, 202138,241 shares, last reported balance as of May 26, 2021
Christopher FinazzoApr 8, 20217,118 shares, last reported balance as of Apr 6, 2021
Fernando MachadoApr 8, 2021131,273 shares, last reported balance as of Apr 6, 2021
Felipe AthaydeSep 16, 2020No balance on record
Alexandre Van DammeDec 31, 20199,316,971 shares, last reported balance as of Dec 29, 2019
Marc CairaDec 31, 201982,168 shares, last reported balance as of Dec 29, 2019
Alexandre MacedoNov 1, 201964,721 shares, last reported balance as of Oct 30, 2019
Alexandre SantoroFeb 26, 201912,585 shares, last reported balance as of Feb 22, 2019
Heitor GoncalvesJan 8, 2019515,189 shares, last reported balance as of Jan 4, 2019
Martin FranklinJan 2, 20191,614,842 shares, last reported balance as of Dec 29, 2018
Milroy ThomasJan 3, 201827,686 shares, last reported balance as of Dec 30, 2017
Cecilia SicupiraJan 3, 201813,042 shares, last reported balance as of Dec 30, 2017
Elias Diaz-SeseApr 6, 201791,127 shares, last reported balance as of Apr 4, 2017
Alan ParkerMar 28, 201615,393 shares, last reported balance as of Jan 14, 2016
John LedererJan 4, 201655,093 shares, last reported balance as of Dec 31, 2015
3G Special Situations Fund II, L.P.Sep 25, 2015243,858,915 shares, last reported balance as of Sep 24, 2015

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