QSR SEC Filing News — Restaurant Brands International Inc.

Latest SEC filings for Restaurant Brands International Inc. (QSR) explained in plain English. Covers insider buying and selling (Form 4), proposed insider sales (Form 144), material company events (8-K), and quarterly & annual reports (10-Q / 10-K). StrongBuyAnalytics provides navigation and brief excerpts or summaries; original filings remain at the SEC/source links and were authored by their filers, not StrongBuyAnalytics. Filing dates shown are source dates. Coverage and detection can be delayed or incomplete because of SEC availability, amendments, parsing, caching, or outages. Latest source filing date shown: 2026-10-06.

Restaurant Brands International Inc. operates as a quick service restaurant company in Canada, the United States, and internationally. It operates through six segments: Tim Hortons, Burger King, Popeyes Louisiana Kitchen, Firehouse Subs, International, and Restaurant Holdings. The company owns and franchises Tim Hortons, a coffee and baked good restaurant chain that offers beverages, sandwiches, wraps, flatbread pizzas, and others; Burger King, a quick service hamburger restaurant chain that off…
Sector: Consumer Cyclical Industry: Restaurants Market Cap: $34.1B
20
Total Filings
0
Bullish Classifications
3
Bearish Classifications
15
Insider Transactions
2
Material Events (8-K)
1
Periodic Reports
Rule-based classifications for QSR currently lean bearish. Of the 20 filing records displayed, 3 carry bearish classifications (such as insider sales or negative 8-K disclosures) versus 0 bullish. This does not necessarily signal fundamental deterioration — insiders sell for many reasons — but it is worth monitoring alongside the company's core financial metrics.
QSR Filing Activity Snapshot 2026-07-09 — 2026-10-06
Insider Transactions (Form 4)
0 buys vs 2 sells
Net insider selling in this period — insiders sell for many reasons beyond conviction.
Largest Form 144 Filing
$5.17M
THOMAS CURTIS · 2026-08-21
64,003 shares · Form 144
Form 144 Notices
2
Proposed insider sales filed — Form 144 is a notice of intent, not a confirmed transaction. Actual sales are confirmed via Form 4.
Insider Transactions 15 · Forms 3, 4 and 5

A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 15 filings in this group are Form 4s for Restaurant Brands International Inc.

The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.

Across the 15 insider filings shown, the breakdown is 12 compensation award, 2 open-market sale and 1 derivative conversion. 2 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.

What each transaction type means

Compensation award ×12
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Open-market sale ×2
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Derivative conversion ×1
A derivative security was converted into common stock under terms agreed earlier.
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

CURTIS THOMAS BENJAMIN (Pres., BK US & CA) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 23 — —
A Compensation award derivative · Restricted Share Units 73 — —
A Compensation award derivative · Performance Share Units 606 — —
A Compensation award derivative · Restricted Share Units 69 — —
A Compensation award derivative · Performance Share Units 603 — —
A Compensation award derivative · Restricted Share Units 73 — —
A Compensation award derivative · Performance Share Units 551 — —
Filing: Form 4 (Insider Transaction) Insider: CURTIS THOMAS BENJAMIN (Pres., BK US & CA)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Granat Jill (See Remarks) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 37 — —
A Compensation award derivative · Restricted Share Units 74 — —
A Compensation award derivative · Performance Share Units 336 — —
A Compensation award derivative · Restricted Share Units 72 — —
A Compensation award derivative · Performance Share Units 414 — —
A Compensation award derivative · Restricted Share Units 132 — —
A Compensation award derivative · Performance Share Units 399 — —
Filing: Form 4 (Insider Transaction) Insider: Granat Jill (See Remarks)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Kobza Joshua (Chief Executive Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 67 — —
A Compensation award derivative · Performance Share Units 3,144 — —
A Compensation award derivative · Restricted Share Units 155 — —
A Compensation award derivative · Performance Share Units 1,213 — —
A Compensation award derivative · Restricted Share Units 144 — —
A Compensation award derivative · Performance Share Units 1,508 — —
A Compensation award derivative · Restricted Share Units 289 — —
A Compensation award derivative · Performance Share Units 1,584 — —
Filing: Form 4 (Insider Transaction) Insider: Kobza Joshua (Chief Executive Officer)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Schwan Axel (Pres., Tim Hortons US & Canada) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 41 — —
A Compensation award derivative · Restricted Share Units 67 — —
A Compensation award derivative · Performance Share Units 539 — —
A Compensation award derivative · Restricted Share Units 89 — —
A Compensation award derivative · Performance Share Units 603 — —
A Compensation award derivative · Restricted Share Units 106 — —
A Compensation award derivative · Performance Share Units 840 — —
Filing: Form 4 (Insider Transaction) Insider: Schwan Axel (Pres., Tim Hortons US & Canada)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

DOYLE J PATRICK (Director, Executive Chairman) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 2,113 — —
A Compensation award derivative · Performance Share Units 7,927 — —
Filing: Form 4 (Insider Transaction) Insider: DOYLE J PATRICK (Director, Executive Chairman)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Friesner Jacqueline (See Remarks) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 18 — —
A Compensation award derivative · Restricted Share Units 33 — —
A Compensation award derivative · Performance Share Units 166 — —
A Compensation award derivative · Restricted Share Units 32 — —
A Compensation award derivative · Performance Share Units 165 — —
A Compensation award derivative · Restricted Share Units 48 — —
A Compensation award derivative · Performance Share Units 179 — —
Filing: Form 4 (Insider Transaction) Insider: Friesner Jacqueline (See Remarks)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Siddiqui Sami A. (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 23 — —
A Compensation award derivative · Restricted Share Units 70 — —
A Compensation award derivative · Performance Share Units 471 — —
A Compensation award derivative · Restricted Share Units 74 — —
A Compensation award derivative · Performance Share Units 678 — —
A Compensation award derivative · Performance Share Units 716 — —
A Compensation award derivative · Restricted Share Units 136 — —
A Compensation award derivative · Performance Share Units 551 — —
Filing: Form 4 (Insider Transaction) Insider: Siddiqui Sami A. (Chief Financial Officer)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

PERDUE PETER (President, Popeyes-US & Canada) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 4 — —
A Compensation award derivative · Restricted Share Units 20 — —
A Compensation award derivative · Performance Share Units 114 — —
A Compensation award derivative · Restricted Share Units 21 — —
A Compensation award derivative · Performance Share Units 128 — —
A Compensation award derivative · Restricted Share Units 25 — —
A Compensation award derivative · Performance Share Units 275 — —
Filing: Form 4 (Insider Transaction) Insider: PERDUE PETER (President, Popeyes-US & Canada)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

SANTELMO THIAGO T (President, International) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 20 — —
A Compensation award derivative · Restricted Share Units 28 — —
A Compensation award derivative · Performance Share Units 290 — —
A Compensation award derivative · Restricted Share Units 52 — —
A Compensation award derivative · Performance Share Units 392 — —
A Compensation award derivative · Restricted Share Units 151 — —
A Compensation award derivative · Performance Share Units 454 — —
Filing: Form 4 (Insider Transaction) Insider: SANTELMO THIAGO T (President, International)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Fulton Duncan (Chief Corporate Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 23 — —
A Compensation award derivative · Restricted Share Units 48 — —
A Compensation award derivative · Performance Share Units 201 — —
A Compensation award derivative · Restricted Share Units 46 — —
A Compensation award derivative · Performance Share Units 226 — —
A Compensation award derivative · Restricted Share Units 65 — —
A Compensation award derivative · Performance Share Units 206 — —
Filing: Form 4 (Insider Transaction) Insider: Fulton Duncan (Chief Corporate Officer)
Form 4 Compensation award Tax / Compensation Filing 2026-10-06

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Housman Jeffrey (See Remarks) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 24 — —
A Compensation award derivative · Restricted Share Units 50 — —
A Compensation award derivative · Performance Share Units 269 — —
A Compensation award derivative · Restricted Share Units 53 — —
A Compensation award derivative · Performance Share Units 324 — —
A Compensation award derivative · Restricted Share Units 75 — —
A Compensation award derivative · Performance Share Units 344 — —
Filing: Form 4 (Insider Transaction) Insider: Housman Jeffrey (See Remarks)
Form 4 Open-market sale Insider Selling 2026-09-09

QSR insider Schwan Axel (Pres., Tim Hortons US & Canada) sold 57,574 shares (~$4.67M)

Schwan Axel, listed as Pres., Tim Hortons US & Canada at Restaurant Brands International Inc., reported an open-market sale of 57,574 QSR shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
M Option exercise 40,000 $58.44 $2.34M
M Option exercise 30,000 $64.75 $1.94M
S Open-market sale 57,574 $81.14 $4.67M
M Option exercise derivative · Option (Right to Buy) 40,000 — —
M Option exercise derivative · Option (Right to Buy) 30,000 — —
Filing: Form 4 (Insider Transaction) Insider: Schwan Axel (Pres., Tim Hortons US & Canada) Shares: 57,574 Est. Value: $4.67M
Form 4 Open-market sale Insider Selling 2026-08-25

QSR insider CURTIS THOMAS BENJAMIN (Pres., BK US & CA) sold 64,000 shares (~$5.17M)

CURTIS THOMAS BENJAMIN, listed as Pres., BK US & CA at Restaurant Brands International Inc., reported an open-market sale of 64,000 QSR shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.

The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.

Transactions reported on this filing
Code Nature Shares Price Value
S Open-market sale 64,000 $80.72 $5.17M
Filing: Form 4 (Insider Transaction) Insider: CURTIS THOMAS BENJAMIN (Pres., BK US & CA) Shares: 64,000 Est. Value: $5.17M
Form 4 Derivative conversion Tax / Compensation Filing 2026-08-12

QSR insider Form 4 filed for equity award, exercise, or tax withholding

3G Restaurant Brands Holdings General Partner Ltd. (10% Owner) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

A derivative security was converted into common stock under terms agreed earlier.

Transactions reported on this filing
Code Nature Shares Price Value
C Derivative conversion derivative · Exchangeable Units 2,784,549 — —
J Other transaction derivative · Exchangeable Units 2,000,183 — —
Filing: Form 4 (Insider Transaction) Insider: 3G Restaurant Brands Holdings General Partner Ltd. (10% Owner)
Form 4 Compensation award Tax / Compensation Filing 2026-07-09

QSR insider Form 4 filed for equity award, exercise, or tax withholding

Fulton Duncan (Chief Corporate Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.

Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.

Transactions reported on this filing
Code Nature Shares Price Value
A Compensation award derivative · Restricted Share Units 21 — —
A Compensation award derivative · Restricted Share Units 46 — —
A Compensation award derivative · Performance Share Units 190 — —
A Compensation award derivative · Restricted Share Units 43 — —
A Compensation award derivative · Performance Share Units 213 — —
A Compensation award derivative · Restricted Share Units 62 — —
A Compensation award derivative · Performance Share Units 194 — —
Filing: Form 4 (Insider Transaction) Insider: Fulton Duncan (Chief Corporate Officer)
Proposed Insider Sales 2 · Form 144

A Form 144 is a notice of intent to sell restricted or control securities. It is not a record that anything was sold. Restaurant Brands International Inc. has 2 such notices in this period.

The distinction matters because a Form 144 is frequently reported as though it were a completed insider sale. The filer may sell all of the shares covered, some of them, or none at all, and there is no obligation to update the notice either way. A sale that is actually executed by an officer or director shows up separately on a Form 4, which is the filing to check before treating a proposed sale as a real one.

Form 144 Proposed Insider Sale 2026-09-04

QSR Form 144 filed for proposed insider sale by AXEL SCHWAN (57,574 shares) ~$4.67M

AXEL SCHWAN filed a Form 144 with the SEC indicating intent to sell QSR (Restaurant Brands International Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4.

Filing: Form 144 (Proposed Sale Notice) Insider: AXEL SCHWAN Shares: 57,574 Est. Value: $4.67M
Form 144 Large Proposed Insider Sale 2026-08-21

QSR Form 144 filed for proposed insider sale by THOMAS CURTIS (64,003 shares) ~$5.17M

THOMAS CURTIS filed a Form 144 with the SEC indicating intent to sell QSR (Restaurant Brands International Inc.) shares. Form 144 reflects a proposed sale, not a completed transaction. The actual execution, if any, would typically appear later in a Form 4. The proposed dollar value is large enough to merit attention.

Filing: Form 144 (Proposed Sale Notice) Insider: THOMAS CURTIS Shares: 64,003 Est. Value: $5.17M
Material Events 2 · Form 8-K

An 8-K reports a material event in the window between scheduled reports. There are 2 in this period for Restaurant Brands International Inc. Each 8-K names the item number it is filed under, and that number is the fastest way to tell a routine disclosure from a consequential one.

Item 2.02 is an earnings release, Item 5.02 is a change of directors or officers, and Item 1.01 or 2.01 covers a material agreement or a completed acquisition. Item 7.01 and Item 8.01 are the general-purpose disclosure items and carry no fixed meaning on their own.

Form 8-K Material Company Update 2026-08-10

QSR filed 8-K — material company event

Restaurant Brands International Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Form 8-K Material Company Update 2026-08-06

QSR filed 8-K — material company event

Restaurant Brands International Inc. filed an 8-K with the SEC reporting a material event. Summary unavailable — view the original SEC filing for the full text.

Filing: 8-K (Material Event)
Periodic Reports 1 · Forms 10-K and 10-Q

The periodic reports are where the audited and reviewed financial statements live. This period contains 1 quarterly report (10-Q) for Restaurant Brands International Inc.

The two are not equivalent in weight. A 10-K is audited by an external firm and includes the full risk factor disclosure, business description and management discussion; a 10-Q is unaudited, reviewed rather than examined, and much shorter. When a figure in a quarterly report is later revised, the annual report is usually where the correction appears.

An amended report — 10-K/A or 10-Q/A — restates or corrects something in the original filing, and is worth reading against the version it replaces.

Form 10-Q Quarterly Report 2026-08-06

QSR filed Quarterly Report (10-Q)

Restaurant Brands International Inc. filed its quarterly report with the SEC. This report includes unaudited financial statements and management discussion for the quarter.

Filing: 10-Q (Quarterly Report)

How we classify Restaurant Brands International Inc.'s filings

Straight from EDGAR

Each displayed record links to an original source document. StrongBuyAnalytics provides navigation and brief excerpts or summaries, not the filing itself. Parsing may omit context or contain errors, so read the original document in full.

Transaction codes, not guesswork

The nature shown on each insider filing comes from the transaction code the filer entered on the form itself — P for an open-market purchase, A for a compensation award, F for shares withheld to pay tax, M for an option exercise. Where one filing contains several codes, the transaction table lists them line by line.

Why the distinction matters

Insider activity is routinely summarised as buying or selling, which flattens together decisions that mean very different things. Shares withheld for tax on a vesting grant are an automatic administrative step; shares bought on the open market are someone committing their own money at the current price.

What this page does not tell you

A filing records what happened, not why. Form 4 does not always disclose whether a sale was executed under a pre-arranged Rule 10b5-1 plan, and no single filing is a basis for a decision on QSR. Read these alongside the fundamentals rather than in isolation.

Frequently Asked Questions — QSR SEC Filings

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Publisher, sources & limitations — September 15, 2026. StrongBuyAnalytics provides navigation and brief excerpts or summaries for educational use. Original filings remain at SEC EDGAR or other displayed source links; StrongBuyAnalytics does not author them. Filing dates are source dates, not publication dates for this page. Coverage can be delayed, incomplete, amended, or unavailable because of SEC/source availability, parsing, caching, or outages. Verify every material statement in the original filing.
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