QSR Restaurant Brands International Inc. Insider Trading

Jeffrey Housman sells 20,000 QSR shares at $73.48; prior QSR sales well-timed at 90-day mark.

Housman sold 20,000 shares (20.0K shares) of Restaurant Brands International at $73.48 on 2026-03-20, reducing holdings from 182,076 to 162,076 shares. The transaction occurs near the 52-week high ($75.05), with the stock currently trading at $73.75 (-1.7% from peak). Notably, Housman's prior two sales at QSR on 2024-02-23 and 2024-02-22 were both well-timed at the 90-day mark, with subsequent declines of -11.0% and -9.6% respectively, establishing a 100% well-timed rate on this ticker. This pattern suggests consistent sell execution around local highs; the current sale near the 52-week high and recent 30-day strength (+7.1%) aligns with that historical behavior. QSR shows solid fundamentals with revenue of $2,449,000,000.00, net income of $436,000,000.00, and annual revenue growth of +12.2%, though the P/E of 25.61 reflects a premium valuation that may have prompted the disposition.

CEO Kobza sells 200,000 QSR shares at $75.05 for $15.0M, reducing stake by 17.2% to 960.8K shares

Joshua Kobza, the CEO of Restaurant Brands International, sold 200,000 shares at $75.05 on 2026-03-18, representing a material reduction in his directly-held position from 1.16M to 960.8K shares. The sale occurred near the 52-week high, with the stock at -1.0% from its $75.05 peak. At the same-ticker level, Kobza's prior five trades at QSR have shown predominantly positive returns post-execution: his December 2025 sales saw 30-day returns of -1.6% to -1.4% but 90-day gains of 2.3% to 2.5%, while his February 2025 sales delivered 30-day gains of 6.8% to 7.5% and 90-day gains of 8.8% to 11.4%. However, none of those five prior same-ticker sales proved well-timed on a 90-day horizon (0 of 5), as the stock subsequently advanced after each sale. Cross-ticker, his broader track record shows modest timing, with 58.33% of his prior 12 sells characterized as well-timed and an average 90-day return of -1.4%. The company's fundamentals are solid—$2.4B quarterly revenue, $436.0M net income, 12.2% annual revenue growth—and the current valuation is elevated at a 25.78 P/E with $23.5B market cap, providing a rationale for liquidity decisions by the chief executive.

President, International sells 10,000 QSR shares at $75.41; holds 78,559 post-sale.

SANTELMO THIAGO T, President of International, sold 10,000 shares at $75.41, reducing his holdings by 11.3% to 78,559 shares. The sale occurred near the 52-week high (current price $74.26 is -1.0% from the 52-week peak of $75.05), suggesting execution close to a local peak. His prior open-market sell at QSR on 2025-02-25 generated +6.8% and +8.8% returns over 30 and 90 days respectively, indicating the stock rallied after that prior sale; at the 90-day mark, zero of his one prior QSR sell was well-timed (measured as negative post-sale returns). The company shows healthy fundamentals (revenue $2.4B, net income $436.0M, annual growth +12.2%, P/E 25.78) with recent 30-day and 90-day price momentum of +12.3% and +6.2% respectively. The transaction itself falls within routine executive portfolio adjustment and does not reveal a contrarian conviction signal based on the insider's prior track record at this ticker.

Granat Jill sold 50,000 QSR shares for $3,746,040.00 at $74.92 blended avg; retains 478,845 shares

Granat Jill executed 2 separate sales totaling 50,000 shares for $3,746,040.00 on March 16–18, 2026, reducing her stake from 528,845 shares to 478,845 shares (a 9.5% reduction). The sales occurred near the stock's 52-week high of $75.05, with the blended average price of $74.92 representing strong positioning. Her prior trades at QSR show a strong timing pattern: 4 of 5 previous sells were well-timed at the 90-day mark, with negative subsequent returns suggesting she has correctly identified inflection points. However, this particular sale's forward performance relative to her historical accuracy at this ticker will be the critical data point. The stock is up 12.3% over 30 days and 6.2% over 90 days from her transaction dates, and at the current price of $74.26 is now 0.88% below her blended sale price, placing the sale's timing in near-term question but still within a normal volatility band.

Friesner sold 30,000 QSR shares at $74.61; prior same-ticker sell (-5.7% / -9.0% 90d) was well-timed.

Jacqueline Friesner sold 30,000 shares (30.0K shares) of Restaurant Brands International on 2026-03-16 at $74.61, reducing her holdings from 195,726 to 165,726 shares (a -15.3% net change). The sale occurs near the 52-week high of $75.05 (-1.0% from peak) and follows strong recent momentum (+12.3% over 30 days, +6.2% over 90 days). Her prior open-market sell at this same ticker on 2025-05-23 exhibited a -9.0% 90-day return, marking a well-timed exit before a subsequent decline. The current stock trades at a P/E of 25.78 against solid fundamentals: $2.4B quarterly revenue, $436.0M net income, and +12.2% annual revenue growth. This repeat sale pattern at similar scale suggests a consistent exit mechanism rather than a one-time liquidity event.

QSR CFO Siddiqui sold 80,000 shares (80.0K shares) for $5,991,680.00 ($6.0M) on Mar 16-17; reduced holdings by 86.8%.

Siddiqui Sami A., Chief Financial Officer of Restaurant Brands International Inc., executed 2 separate sales totaling 80,000 shares for $5,991,680.00 across March 16-17, 2026, at a blended average price of $74.90. This sale reduced his holdings from 92,139 shares to 12,139 shares—a -86.8% reduction in his pre-transaction position. The sale occurred when the stock was trading near its 52-week high of $75.05 (current price). Examining the CFO's prior activity at QSR, his 5 prior trades show mixed timing results: 1 of 4 prior sales achieved negative 90-day returns (well-timed), while the most recent sale on 2026-02-23 remains outcome-unmeasurable. His cross-ticker track record across 11 prior sells shows an average 90-day return of +2.2% with a 20.00% well-timed rate, indicating his sell timing has not consistently aligned with downside moves. The scale and concentration of this sale—reducing CFO equity exposure by nearly 87%—warrants examination of whether a specific event, planned exit, or material change in circumstances drove the transaction.

CFO Siddiqui sells 12,828 QSR shares for $866.0K, reducing stake by 28.7%; stock near 52-week highs with strong fundamentals.

Siddiqui Sami A., Chief Financial Officer of Restaurant Brands International, sold 12,828 shares at $67.51 on 2026-02-23 for a total value of $866,019.24, reducing his post-transaction holdings to 31,923 shares from 44,751 shares (a 28.7% reduction in holdings). The sale occurred when QSR was trading near its 52-week range of $60.03–$73.54, currently only 6.4% below the 52-week high at $68.81. At the fundamentals level, the company reported $2.4B in quarterly revenue, $436.0M net income, +12.2% annual revenue growth, and a reasonable P/E of 23.89, suggesting solid operational health. His cross-ticker track record shows modest timing discipline with a 28.57% well-timed sell rate across 10 prior sales, but at QSR specifically, his timing has been mixed: of 2 prior sales with measurable 90-day outcomes, only 1 was well-timed (the 2025-03-19 sale resulted in -2.0% 90-day return, the 2025-03-11 sale returned +2.6%). The magnitude of this sale—reducing his stake by nearly 30%—warrants attention as a material change in insider ownership, though without explicit context about the reasons for the transaction, its significance remains moderate.

Schwan (Pres., Tim Hortons Americas) sells 34,938 shares of QSR for $2,358,728.47; holdings down to 195.0K shares

Axel Schwan, President of Tim Hortons Americas, sold 34,938 shares at $67.51 on 2026-02-23, reducing his stake by 15.2% to 194,983 shares post-transaction. The sale occurred while the stock trades near its 52-week peak (currently $68.81, only 6.4% below the $73.54 high), and the timing aligns with a mixed historical pattern: his prior 5 trades at QSR show 3 of 5 were well-timed at the 90-day mark, but his cross-ticker track record exhibits a 50.00% well-timed rate across 6 prior sells with an average 90-day return of +2.0%, suggesting inconsistent precision in exits. The company's fundamentals remain solid (P/E 23.89, $2.4B annual revenue growth of +12.2%), though the magnitude of this reduction and its proximity to 52-week highs warrants observation of whether additional insider activity signals shifts in executive positioning.

QSR: President sells 15,410 shares at $67.51, reducing stake by 13.3% to 100,161 shares

Curtis Thomas Benjamin, President of BK US & CA, sold 15,410 shares of Restaurant Brands International at $67.51 on 2026-02-23, representing a 13.3% reduction in his holdings. At his prior two trades at QSR—a sell on 2025-03-19 and a sell on 2025-02-25—the 90-day outcomes showed mixed results (one declining -2.3%, the other rising +8.8%), with only 1 of 2 prior sells well-timed at the 90-day mark. The current stock price of $68.81 is -6.4% from the 52-week high and -4.7% over the past 90 days, placing it in a subdued period relative to recent range. The company's fundamentals remain solid with annual revenue growth of +12.2%, a P/E of 23.89, and net income of $436,000,000.00, providing context that this sale occurs against a backdrop of operational momentum rather than deteriorating conditions.

QSR CFO Siddiqui sells 10,912 shares for $773,424.13 at $70.87; divests 50.7% of holdings

Siddiqui Sami A., CFO of Restaurant Brands International, executed 3 separate sales on 2025-12-15 totaling 10,912 shares for $773,424.13 at a blended average price of $70.87, reducing his holdings from 21,521 shares to 10,609 shares (a -50.7% reduction). The stock currently trades at $70.20, near the transaction price and within 4.5% of its 52-week high of $73.54. His prior transaction history at QSR shows mixed timing outcomes: of 5 prior sales at this ticker, only 1 demonstrated a subsequent 90-day decline (well-timed at 20% accuracy), while 3 of the 5 prior sales were followed by 90-day gains ranging from +1.6% to +11.4%. The company's fundamentals remain solid with $2.4B in latest-quarter revenue, $436.0M net income, and +19.7% annual revenue growth, alongside a P/E of 17.33. The magnitude of this sale—eliminating half the insider's position—and the historical pattern of suboptimal timing on prior QSR sales warrant monitoring of the rationale and whether this reflects a broader management view on valuation or allocation priorities.