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sellWeak cluster of 10

Axel Schwan sold $274k of QSR

Pres., Tim Hortons Americas at Restaurant Brands International Inc.. 4,049 shares at an average of $67.76, traded Dec 16, 2024, filed Dec 17, 2024.

Warning score
28
Value
$274k
4,049 shares
Holdings after
100,994
-4% from before
From 52-week low
-
no price yet
From 52-week high
-
no price yet

Score components

  • Role
    Officer
    +15
  • Trade size
    $274k at market
    +13
  • Share of holdings sold
    Sold 4.0% of holdings
    0
  • Cluster
    10 insiders selling within 14 days
    +15
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

QSROct 9, 2026 · close 70.95
Since filing Dec 17, 2024: +13.1%SPY +31.8% · excess -18.7%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001618756-24-000210, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Dec 15, 2024MOption exercise
Common Shares
+4,143$0.00$0101,622Dec 17, 2024
Dec 16, 2024SOpen-market sale
Common Shares
-2,218$67.76$150k99,405Dec 17, 2024
Dec 15, 2024MOption exercise
Common Shares
+3,421$0.00$0102,825Dec 17, 2024
Dec 16, 2024SOpen-market sale
Common Shares
-1,831$67.76$124k100,994Dec 17, 2024
Dec 15, 2024MOption exercise
Restricted Share Unitsderivative
-4,143$0.00$08,287Dec 17, 2024
Dec 15, 2024MOption exercise
Restricted Share Unitsderivative
-3,421$0.00$010,264Dec 17, 2024

Related signals

Other insiders at Restaurant Brands International Inc. and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
30Weak
QSRsell
Restaurant Brands International Inc.
Axel Schwan
Pres., Tim Hortons US & Canada
$4.7M
57,574 shares
-22%
35Weak
QSRsell
Restaurant Brands International Inc.
Jacqueline Friesner
See Remarks
$4.9M
70,000 shares
-28%
45Moderate
QSRsell
Restaurant Brands International Inc.
Thomas Benjamin Curtis
Pres., BK US & CA
$1.6M
23,000 shares
-24%
45Moderate
QSRsell 7
Restaurant Brands International Inc.
Thomas Benjamin Curtis
See Remarks
$1.5M
23,350 shares
-20%
34Weak
QSRsell 7
Restaurant Brands International Inc.
Jacqueline Friesner
See Remarks
$563k
8,738 shares
-5%
60Notable
QSRsell 7
Restaurant Brands International Inc.
Duncan Fulton
Chief Corporate Officer
$3.0M
47,168 shares
-58%
40Moderate
QSRsell 7
Restaurant Brands International Inc.
Jill Granat
See Remarks
$1.3M
20,367 shares
-4%
39Weak
QSRsell 7
Restaurant Brands International Inc.
Jeffrey Housman
See Remarks
$940k
14,593 shares
-9%
41Moderate
QSRsell 7
Restaurant Brands International Inc.
Jeffrey W Klein
President, Popeyes-US & Canada
$377k
5,859 shares
-24%
50Moderate
QSRsell 7
Restaurant Brands International Inc.
Joshua Kobza
Chief Executive Officer
$4.7M
72,720 shares
-7%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Axel Schwan sold $274k of QSR | InsiderTell