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QSR - Restaurant Brands International Inc.

Insider Sale by Schwan Axel (Pres, Tim Hortons Americas)

1 Month
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Trade Summary

4 days ago, Schwan Axel, serving as Pres, Tim Hortons Americas at Restaurant Brands International Inc. (QSR), sold 34,939 shares at $67.51 per share, for a total transaction value of $2,358,728.00. Following this transaction, Schwan Axel now holds 194,984 shares of QSR.

This sale represents a 15.00% decrease in Schwan Axel's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Monday, February 23, 2026 and publicly disclosed via SEC Form 4 filing on Tuesday, February 24, 2026, 1 day after the trade was made.

Restaurant Brands International Inc. operates in the CONSUMER CYCLICAL sector, specifically within the RESTAURANTS industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Schwan Axel

Pres, Tim Hortons Americas

Axel Schwan is a seasoned executive in the quick-service restaurant industry, currently serving as President, Tim Hortons Americas at Restaurant Brands International Inc. (RBI), overseeing operations in the U.S., Canada, and Latin America.[[1]](https://www.marketscreener.com/insider/AXEL-SCHWAN-A02B74/)[[2]](https://restaurantbusinessonline.com/leadership/tim-hortons-names-axel-schwan-us-canada-president)[[5]](https://www.rbi.com/English/about-us/board-of-directors/person-details/default.aspx?ItemId=24c25f5e-ad47-453d-8271-36b3bcad1a20)[[6]](https://www.meatpoultry.com/articles/22409-tim-hortons-names-president-of-latin-american-operations) Appointed to this role in October 2019, he reports to Tim Hortons brand president Alex Macedo and manages the chain's largest markets, including product innovation, brand advertising, and franchisee profitability.[[2]](https://restaurantbusinessonline.com/leadership/tim-hortons-names-axel-schwan-us-canada-president)[[3]](https://fintool.com/app/research/companies/RSTRF/people/axel-schwan)[[4]](https://www.restaurantdive.com/news/tim-hortons-president-stepping-down/569624/) Schwan joined RBI in 2011 as Marketing Director for Burger King in Germany, Austria, and Switzerland, advancing to Vice President of Marketing and Communications for EMEA, then Global Chief Marketing Officer for Burger King (2014-2017) and Tim Hortons (2017-2019).[[1]](https://www.marketscreener.com/insider/AXEL-SCHWAN-A02B74/)[[3]](https://fintool.com/app/research/companies/RSTRF/people/axel-schwan)[[5]](https://www.rbi.com/English/about-us/board-of-directors/person-details/default.aspx?ItemId=24c25f5e-ad47-453d-8271-36b3bcad1a20) Prior to RBI, he held marketing roles at Unilever and Danone in Germany and co-led his family's restaurant business.[[3]](https://fintool.com/app/research/companies/RSTRF/people/axel-schwan) His tenure at RBI spans over 13 years as of recent records, with strong performance metrics including exceeding targets in comparable sales and franchisee profitability in 2023.[[3]](https://fintool.com/app/research/companies/RSTRF/people/axel-schwan)

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Trade Price

$67.51

Quantity

34,939

Total Value

$2,358,728.00

Shares Owned

194,984

Trade Date

Monday, February 23, 2026

4 days ago

SEC Filing Date

Tuesday, February 24, 2026

Filed 1 day after trade

CONSUMER CYCLICALRESTAURANTS

About Restaurant Brands International Inc.

Company Overview

No company information available
View news mentioning QSR

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