Restaurant Brands International Inc. (QSR) Insider Trading

Last 12 months

Insiders sold $55.7M and bought nothing on the open market.

None of the selling was scheduled in advance under a 10b5-1 plan. Chief Executive Officer Joshua Kobza sold $15M on Mar 18, 17% of their stake, outside a plan. The last open-market buy by an executive or director was in Sep 2022.

Net open-market

−$55.7M

0 buys · 39 sales

Under a 10b5-1 plan

of the value sold

Insiders who bought / sold

0 / 12

executives and directors

Last open-market buy

Sep 2022

Sep 20, 2022

Get an email when QSR's executives or directors buy, or make a large sale outside a plan.

Trades · last 2 years

Date	Insider	Trade	Shares	Price	Value	Of their stake	Filing
Sep 4	Axel Schwan Pres., Tim Hortons US & Canada	SoldNo plan	57,574	$81.14	$4.67M	22%	Form 4
Aug 21	Thomas Benjamin Curtis Pres., BK US & CA	SoldNo plan	64,000	$80.72	$5.17M	63%	Form 4
Mar 20	Jeffrey Housman See Remarks	SoldNo plan	20,000	$73.48	$1.47M	11%	Form 4
Mar 18	Joshua Kobza Chief Executive Officer	SoldNo plan	200,000	$75.05	$15M	17%	Form 4
Mar 16 – 18	Jill Granat See Remarks	SoldNo plan 2 parts	50,000	$74.93 average	$3.75M	9.5%	Form 4
Mar 17	Thiago T Santelmo President, International	SoldNo plan	10,000	$75.41	$754k	11%	Form 4
Mar 16 – 17	Sami A. Siddiqui Chief Financial Officer	SoldNo plan 2 parts	80,000	$74.90 average	$5.99M	23%	Form 4
Mar 16	Jacqueline Friesner See Remarks	SoldNo plan	30,000	$74.61	$2.24M	15%	Form 4
Feb 23	Peter Perdue President, Popeyes-US & Canada	SoldNo plan	3,882	$67.51	$262k	8.3%	Form 4
Feb 23	Thiago T Santelmo President, International	SoldNo plan	5,686	$67.51	$384k	7.1%	Form 4
Feb 23	Duncan Fulton Chief Corporate Officer	SoldNo plan	10,308	$67.51	$696k	17%	Form 4
Feb 23	Jeffrey Housman See Remarks	SoldNo plan	7,705	$67.51	$520k	4.6%	Form 4
Feb 23	Sami A. Siddiqui Chief Financial Officer	SoldNo plan	12,828	$67.51	$866k	4.6%	Form 4
Feb 23	Thomas Benjamin Curtis Pres., BK US & CA	SoldNo plan	15,410	$67.51	$1.04M	13%	Form 4
Feb 23	Axel Schwan Pres., Tim Hortons Americas	SoldNo plan	34,939	$67.51	$2.36M	15%	Form 4
Feb 23	Jacqueline Friesner See Remarks	SoldNo plan	4,617	$67.51	$312k	2.3%	Form 4
Feb 23	Jill Granat See Remarks	SoldNo plan	11,525	$67.51	$778k	2.4%	Form 4
Jan 7	Peter Perdue President, Popeyes-US & Canada	SoldNo plan	396	$67.44	$27k	1.1%	Form 4
Jan 7	Thiago T Santelmo President, International	SoldNo plan	699	$67.44	$47k	1.1%	Form 4
Jan 7	Duncan Fulton Chief Corporate Officer	SoldNo plan	1,775	$67.48	$120k	4.2%	Form 4
Jan 7	Jeffrey Housman See Remarks	SoldNo plan	1,483	$67.44	$100k	1.0%	Form 4
Jan 7	Sami A. Siddiqui Chief Financial Officer	SoldNo plan	977	$67.44	$66k	0.4%	Form 4
Jan 7	Thomas Benjamin Curtis Pres., BK US & CA	SoldNo plan	1,172	$67.44	$79k	1.5%	Form 4
Jan 7	Axel Schwan Pres., Tim Hortons Americas	SoldNo plan	2,187	$67.44	$147k	1.3%	Form 4
Jan 7	Joshua Kobza Chief Executive Officer	SoldNo plan	3,443	$67.44	$232k	0.4%	Form 4
Jan 7	Jacqueline Friesner See Remarks	SoldNo plan	816	$67.44	$55k	0.4%	Form 4
Jan 7	Jill Granat See Remarks	SoldNo plan	1,925	$67.44	$130k	0.4%	Form 4
Dec 15, 2025 – Dec 17, 2025	Thomas Benjamin Curtis Pres., BK US & CA	SoldNo plan 4 parts	7,695	$70.65 average	$544k	9.3%	Form 4
Dec 15, 2025	Peter Perdue President, Popeyes-US & Canada	SoldNo plan 3 parts	907	$70.87 average	$64k	2.4%	Form 4
Dec 15, 2025	Thiago T Santelmo President, International	SoldNo plan 3 parts	1,996	$70.87 average	$141k	3.1%	Form 4
Dec 15, 2025	Duncan Fulton Chief Corporate Officer	SoldNo plan 3 parts	3,531	$70.89 average	$250k	8.2%	Form 4
Dec 15, 2025	Jeffrey Housman See Remarks	SoldNo plan 2 parts	5,835	$70.87 average	$414k	3.8%	Form 4
Dec 15, 2025	Sami A. Siddiqui Chief Financial Officer	SoldNo plan 3 parts	10,913	$70.87 average	$773k	4.3%	Form 4
Dec 15, 2025	Axel Schwan Pres., Tim Hortons Americas	SoldNo plan 3 parts	5,860	$70.87 average	$415k	3.5%	Form 4
Dec 15, 2025	Joshua Kobza Chief Executive Officer	SoldNo plan 3 parts	25,472	$70.90 average	$1.81M	2.6%	Form 4
Dec 15, 2025	Jacqueline Friesner See Remarks	SoldNo plan 3 parts	1,886	$70.87 average	$134k	1.0%	Form 4
Dec 15, 2025	Jill Granat See Remarks	SoldNo plan 2 parts	5,315	$70.87 average	$377k	1.2%	Form 4
Nov 26, 2025	Ali Hedayat Director	SoldNo plan 2 parts	7,000	$72.77 average	$509k	27%	Form 4
Nov 21, 2025	J Patrick Doyle Executive Chairman	SoldNo plan 3 parts	43,597	$69.80 average	$3.04M	5.9%	Form 4
May 23, 2025	Jacqueline Friesner See Remarks	SoldNo plan	70,000	$70.08	$4.91M	28%	Form 4

Sep 4No plan
Axel Schwan
Pres., Tim Hortons US & Canada · sold 57,574 at $81.14
$4.67M
22% of stake
Aug 21No plan
Thomas Benjamin Curtis
Pres., BK US & CA · sold 64,000 at $80.72
$5.17M
63% of stake
Mar 20No plan
Jeffrey Housman
See Remarks · sold 20,000 at $73.48
$1.47M
11% of stake
Mar 18No plan
Joshua Kobza
Chief Executive Officer · sold 200,000 at $75.05
$15M
17% of stake
Mar 16 – 18No plan
Jill Granat
See Remarks · sold 50,000 at avg $74.93
$3.75M
9.5% of stake
Mar 17No plan
Thiago T Santelmo
President, International · sold 10,000 at $75.41
$754k
11% of stake
Mar 16 – 17No plan
Sami A. Siddiqui
Chief Financial Officer · sold 80,000 at avg $74.90
$5.99M
23% of stake
Mar 16No plan
Jacqueline Friesner
See Remarks · sold 30,000 at $74.61
$2.24M
15% of stake
Feb 23No plan
Peter Perdue
President, Popeyes-US & Canada · sold 3,882 at $67.51
$262k
8.3% of stake
Feb 23No plan
Thiago T Santelmo
President, International · sold 5,686 at $67.51
$384k
7.1% of stake
Feb 23No plan
Duncan Fulton
Chief Corporate Officer · sold 10,308 at $67.51
$696k
17% of stake
Feb 23No plan
Jeffrey Housman
See Remarks · sold 7,705 at $67.51
$520k
4.6% of stake
Feb 23No plan
Sami A. Siddiqui
Chief Financial Officer · sold 12,828 at $67.51
$866k
4.6% of stake
Feb 23No plan
Thomas Benjamin Curtis
Pres., BK US & CA · sold 15,410 at $67.51
$1.04M
13% of stake
Feb 23No plan
Axel Schwan
Pres., Tim Hortons Americas · sold 34,939 at $67.51
$2.36M
15% of stake
Feb 23No plan
Jacqueline Friesner
See Remarks · sold 4,617 at $67.51
$312k
2.3% of stake
Feb 23No plan
Jill Granat
See Remarks · sold 11,525 at $67.51
$778k
2.4% of stake
Jan 7No plan
Peter Perdue
President, Popeyes-US & Canada · sold 396 at $67.44
$27k
1.1% of stake
Jan 7No plan
Thiago T Santelmo
President, International · sold 699 at $67.44
$47k
1.1% of stake
Jan 7No plan
Duncan Fulton
Chief Corporate Officer · sold 1,775 at $67.48
$120k
4.2% of stake
Jan 7No plan
Jeffrey Housman
See Remarks · sold 1,483 at $67.44
$100k
1.0% of stake
Jan 7No plan
Sami A. Siddiqui
Chief Financial Officer · sold 977 at $67.44
$66k
0.4% of stake
Jan 7No plan
Thomas Benjamin Curtis
Pres., BK US & CA · sold 1,172 at $67.44
$79k
1.5% of stake
Jan 7No plan
Axel Schwan
Pres., Tim Hortons Americas · sold 2,187 at $67.44
$147k
1.3% of stake
Jan 7No plan
Joshua Kobza
Chief Executive Officer · sold 3,443 at $67.44
$232k
0.4% of stake
Jan 7No plan
Jacqueline Friesner
See Remarks · sold 816 at $67.44
$55k
0.4% of stake
Jan 7No plan
Jill Granat
See Remarks · sold 1,925 at $67.44
$130k
0.4% of stake
Dec 15, 2025 – Dec 17, 2025No plan
Thomas Benjamin Curtis
Pres., BK US & CA · sold 7,695 at avg $70.65
$544k
9.3% of stake
Dec 15, 2025No plan
Peter Perdue
President, Popeyes-US & Canada · sold 907 at avg $70.87
$64k
2.4% of stake
Dec 15, 2025No plan
Thiago T Santelmo
President, International · sold 1,996 at avg $70.87
$141k
3.1% of stake
Dec 15, 2025No plan
Duncan Fulton
Chief Corporate Officer · sold 3,531 at avg $70.89
$250k
8.2% of stake
Dec 15, 2025No plan
Jeffrey Housman
See Remarks · sold 5,835 at avg $70.87
$414k
3.8% of stake
Dec 15, 2025No plan
Sami A. Siddiqui
Chief Financial Officer · sold 10,913 at avg $70.87
$773k
4.3% of stake
Dec 15, 2025No plan
Axel Schwan
Pres., Tim Hortons Americas · sold 5,860 at avg $70.87
$415k
3.5% of stake
Dec 15, 2025No plan
Joshua Kobza
Chief Executive Officer · sold 25,472 at avg $70.90
$1.81M
2.6% of stake
Dec 15, 2025No plan
Jacqueline Friesner
See Remarks · sold 1,886 at avg $70.87
$134k
1.0% of stake
Dec 15, 2025No plan
Jill Granat
See Remarks · sold 5,315 at avg $70.87
$377k
1.2% of stake
Nov 26, 2025No plan
Ali Hedayat
Director · sold 7,000 at avg $72.77
$509k
27% of stake
Nov 21, 2025No plan
J Patrick Doyle
Executive Chairman · sold 43,597 at avg $69.80
$3.04M
5.9% of stake
May 23, 2025No plan
Jacqueline Friesner
See Remarks · sold 70,000 at $70.08
$4.91M
28% of stake

How to read this. Insiders sell for many reasons: taxes, diversifying, a house. Open-market buys are rarer and say more. A 10b5-1 plan is a trading schedule set up months in advance, so those sales were not timed on news. Large holders (funds and 10% owners) are listed under Everything but not counted as insiders. If you own or watch QSR, we send a push when an executive buys or makes a large sale outside a plan.

Source: SEC Form 4 filings, filed within two business days of each trade and checked for new ones every hour.

Related stocks: Retail-Eating Places

RSTRFRestaurant Brands International Limited Partnership

YUMYum! Brands, Inc.

CMGChipotle Mexican Grill, Inc.

YUMCYum China Holdings Inc.

TXRHTexas Roadhouse Inc.

DRIDarden Restaurants, Inc.

EATBrinker International Inc.

ARCOArcos Dorados Holdings Inc.

Spot a number that looks wrong? Check it in QSR's SEC filings or

Download this analysis as a PDF (Pro)

Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.

2 of 2 free stocks used today

Keep analysing QSR

Create a free account and get 14 days of Premium: every stock and every tool.

Unlimited stocksQuality, fair value and dividends for 10,000+ stocks
Stock screenerFilter on quality, valuation and dividend safety
Portfolio trackerReal return, dividend calendar and portfolio quality
Editable DCFChange the assumptions and watch fair value move
Compare side by sideUp to 10 stocks in one table
Unlimited alertsPrice, P/E, Quality Score and yield

No card. Moves to Free after, unless you upgrade.

Already have an account?

Or come back tomorrow. Stocks on your watchlist are always free to view.