Insider and congress filings

Restaurant Brands International Inc. (QSR)

NYSE · Consumer Cyclical · 105 insider transactions · 12 congress trades · last filed 21 days ago

2
Open-market insider filings shown
2d
Median delay on the insider filings, in business days
within the two business day rule
0 buys·2 sells
Purchases and sales in the filings shown
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About Restaurant Brands International Inc.

from the company's filings and listing, as of Oct 23, 2026
Exchange
NYSE
Sector
Consumer Cyclical
Industry
Restaurants
Chief executive
Joshua Arthur Kobza
Employees
53,500
Listed since
Dec 11, 2014
Market value
$26.6B
Price to earnings (12 mo)
18.6
Net income per share, as reported (12 mo)
$3.66
Dividend yield
3.36%

www.rbi.com

Earnings

6 reported quarters · next on Oct 29, 2026
QuarterEPSEPS expectedRevenueRevenue expectedResult
Q2 FY2026reported Aug 6, 2026$1.07$1.04$2.5B$2.5BEPS beatRevenue in line
Q1 FY2026reported May 6, 2026$0.86$0.83$2.3B$2.2BEPS beatRevenue in line
Q4 FY2025reported Feb 12, 2026$0.96$0.95$2.5B$2.4BEPS in lineRevenue beat
Q3 FY2025reported Oct 30, 2025$1.03$1.00$2.4B$2.4BEPS beatRevenue beat
Q2 FY2025reported Aug 7, 2025$0.94$0.97$2.4B$2.3BEPS missRevenue beat
Q1 FY2025reported May 8, 2025$0.75$0.78$2.1B$2.1BEPS missRevenue miss

Actual against the consensus estimate at the time. A flag marks a beat or a miss of more than 1.5% either way; inside that band the quarter is in line. A flag reads n/a only when a number is missing. Quarterly EPS is the figure set against the consensus, usually adjusted, so the quarters need not add up to the 12-month net income per share above. An estimate is a forecast made by analysts, not a company target.

Executive pay

as filed for fiscal 2025 · proxy filed Apr 23, 2026
ExecutiveSalaryStock awardsOtherTotal
Joshua KobzaCEO$950K$12.3M$1.9M$15.2M
Sami SiddiquiCFO$685K$11.5M$916K$13.1M
Axel SchwanPresident, Tim Hortons Canada & US$602K$5.1M$1.2M$6.8M
Thomas CurtisPresident, Burger King US & Canada$625K$4.9M$493K$6.0M
Jill GranatGeneral Counsel$630K$3.6M$882K$5.1M

The summary compensation table from the proxy statement for fiscal 2025, with titles as filed then. Executives who have since left are not shown. Read the filing

Institutional holders

13F positions as of Jun 30, 2026
HolderValueSharesShares vs prior qtr% of shares out
Capital World Investors$3.2B43,862,952+2.3%12.60%
Pershing Square Inc.$1.9B25,821,284New7.42%
Royal Bank of Canada$1.5B20,236,317+10.1%5.82%
Edgepoint Investment Group Inc.$1.2B17,171,552-11.2%4.93%
BlackRock, Inc.$1.1B15,228,770+90.6%4.38%
Bank of Montreal$818.5M11,295,632+25.3%3.25%
Vanguard Capital Management LLC$760.8M10,489,509+1.7%3.01%
FMR LLC$610.5M8,417,025+1.9%2.42%
Goldman Sachs Group Inc$530.1M7,310,590+2.8%2.10%
Baupost Group LLCSeth Klarman$489.6M6,753,112-16.4%1.94%
Fiera Capital Corp$446.7M6,168,961-7.8%1.77%
CIBC World Market Inc.$442.8M6,106,449-9.7%1.75%

A 13F reports long US equity positions and is filed within 45 days of the quarter end, so these are positions as they stood on Jun 30, 2026. New: not in this holder's prior 13F as reported; a change of filer ID can also show as new. For a manager's whole book see the fund directory. What a 13F covers and leaves out is explained in our guide to Form 13F.

Tracked fund managers holding QSR

2 managers
ManagerValueSharesShare of book
Bill AckmanPershing Square$1.9B25,821,2849.6%
Seth KlarmanBaupost Group$489.6M6,753,1129.0%

2 of the 97 fund managers we track list QSR shares among the largest positions in their latest 13F, filed for Q2 2026. A manager can hold it further down the book too, so this is a floor, not a count. Share of book is the position against the manager's whole disclosed 13F value.

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Open-market insider trades

2 filings shown · newest filing first
InsiderActionSharesPriceValueTrade dateDelay
(business days)
Axel SchwanPres., Tim Hortons US & CanadaSold57,574$81.14$4.7MSep 4, 2026filed Sep 9, 20262d
Thomas Benjamin CurtisPres., BK US & CASold64,000$80.72$5.2MAug 21, 2026filed Aug 25, 20262d

One row is one filing, newest filing first. A filing that reported its trade in several tranches is summed, priced at the weighted average, and marked with its line count. The delay counts business days from the trade to the filing, the unit of Form 4's two business day deadline: weekends and federal holidays are skipped. How the filing itself works is explained in our guide to Form 4.

Other Form 4 activity (14)
InsiderEventSharesDate
Jeffrey HousmanStock award1,142Oct 2, 2026
Duncan FultonChief Corporate OfficerStock award818Oct 2, 2026
Thiago T. SantelmoPresident, InternationalStock award1,390Oct 2, 2026
Peter PerduePresident, Popeyes-US & CanadaStock award590Oct 2, 2026
Sami A. SiddiquiChief Financial OfficerStock award2,723Oct 2, 2026
Jacqueline FriesnerStock award644Oct 2, 2026
J. Patrick DoyleExecutive ChairmanStock award10,041Oct 2, 2026
Axel SchwanPres., Tim Hortons US & CanadaStock award2,288Oct 2, 2026
Joshua KobzaChief Executive OfficerStock award8,108Oct 2, 2026
Jill GranatStock award1,468Oct 2, 2026
Thomas Benjamin CurtisPres., BK US & CAStock award2,001Oct 2, 2026
Axel SchwanPres., Tim Hortons US & CanadaOption exercise70,000Sep 4, 2026
3G Restaurant Brands Holdings General Partner Ltd.10% ownerOther (see filing)2,000,183Aug 10, 2026
3G Restaurant Brands Holdings General Partner Ltd.10% ownerConversion2,784,549Aug 10, 2026

Awards, option exercises, shares withheld to cover tax and gifts all file on the same form as a purchase or a sale. None of them is a decision to trade, so they sit here rather than beside the ones that are.

Congress trades in QSR

12 disclosures of 12 on record · median 40d of the 45 allowed

Since the trade: the stock's move from its estimated entry price (a purchase) or estimated exit price (a sale) to its current price, the latest close we hold. Not the member's result.

MemberTypeActionAmount disclosedSince the tradeTrade dateDisclosedDelay
Josh GottheimerJointStockPurchase$1,001 - $15,000+3.3% since the tradeEstimated entry price $72.92, close on Thu Aug 6Current price $75.34, close on Fri Oct 23Aug 6, 2026Sep 14, 202639d
John BoozmanJointStockSale (Full)$1,001 - $15,000+21.7% since the saleEstimated exit price $61.93, close on Tue Feb 4, 2025Current price $75.34, close on Fri Oct 23Feb 4, 2025Mar 6, 202530d
Tommy TubervilleJointStockSale (Full)$1,001 - $15,000n/aApr 4, 2024May 15, 202441d
Tommy TubervilleJointStockPurchase$1,001 - $15,000n/aApr 3, 2023May 11, 202338d
Ro KhannaStockSale$1,001 - $15,000n/aJul 2, 2021Aug 13, 202142d
Ro KhannaStockPurchase$1,001 - $15,000n/aMay 13, 2020Jun 17, 202035d
Ron WydenSpouseStockPurchase$15,001 - $50,000n/aMay 5, 2020Jun 1, 202027d
Ron WydenSpouseStockPurchase$1,001 - $15,000n/aApr 6, 2020May 5, 202029d
Susie LeeJointStockPurchase$1,001 - $15,000n/aFeb 5, 2020Apr 28, 202083d
Susie LeeJointStockSale$1,001 - $15,000n/aMar 16, 2020Apr 28, 202043d
Susie LeeJointStockPurchase$1,001 - $15,000n/aJan 6, 2020Feb 25, 202050d
Michael T. McCaulStockSale$1,001 - $15,000n/aApr 7, 2016May 25, 201648d

Estimated prices are the stock's closing price on the trade date. A disclosure gives a value band, not the price paid. Not investment advice. After a sale a positive figure means the stock kept rising after it.

A delay above 45 days is the gap between the dates on the report; we mark a filing late only after checking it.

Every Congress trade in QSR, filterable by party, chamber, type and account.

Members of Congress reporting a position

4 members · estimate, as of Oct 22, 2026

4 members report a position (estimated). The largest estimated position is in the $50,001 - $100,000 band.

MemberParty, chamberEstimated positionShare of their portfolio
Ron WydenDemocrat · Senate$50,001 - $100,0000.7%
Harriet M. HagemanRepublican · House$15,001 - $50,0001.4%
Shelley Moore CapitoRepublican · Senate$1,001 - $15,0000.4%
Josh GottheimerDemocrat · House$1,001 - $15,000<0.1%

Estimate, as of Oct 22, 2026. Each position is modelled from the member's disclosed transactions and annual filings: the midpoint of each disclosed band, marked to the latest close we hold. It is a rough estimate of a reported position, not a figure from a filing, which is why it is shown as a band. Share of portfolio sets that estimate against the member's whole estimated public-stock portfolio.

Questions

Are insiders buying or selling QSR?

Across the 2 most recent open-market filings shown here, 0 were purchases and 2 were sales.

Which members of Congress have traded QSR?

Josh Gottheimer, John Boozman, Tommy Tuberville, Ro Khanna, Ron Wyden, Susie Lee and others disclosed QSR transactions in the filings shown here.

Which members of Congress hold QSR?

4 members of Congress report a position in QSR in the estimate we hold as of Oct 22, 2026. The two largest estimated positions belong to Ron Wyden and Harriet M. Hageman; Shelley Moore Capito holds one of the next largest, in the $1,001 - $15,000 band. The estimate is built from disclosed transactions and annual filings, so it is shown as a band rather than a figure from a filing.

How quickly are QSR trades disclosed?

Insider filings on this page reached the public a median of 2 business days after the transaction (weekends and federal holidays skipped), against the two business days Form 4 allows. Congressional disclosures took a median of 40 days, against the 45 the STOCK Act allows.

How to read a Form 4

A DECISION THE INSIDER MADE

POpen-market purchase. Bought with their own money at the market price.
SOpen-market sale. Sold on the market. A sale marked scheduled was set up in advance under a Rule 10b5-1 plan, often months before.

COMPENSATION PLUMBING

AStock award. Granted as pay, not bought.
MOption exercise. Converting options already held into shares.
FTax withholding. Shares handed back to the company to pay the tax on a grant.
GGift. Given away, with no money changing hands.

Congress rows disclose a value range rather than an exact amount, and the STOCK Act allows up to 45 days to report. Full sourcing and the limits of this data are on the methodology page. A filing is a record of a transaction, not a signal, and nothing here is investment advice.

Data as of Oct 27, 2026.

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