---
title: Nine Restaurant Brands International Insiders Sell $7.2M in QSR Stock on the Same Day
type: news
slug: restaurant-brands-9-insiders-sell-7m-qsr-same-day-feb-2026
canonical_url: https://13finsight.com/news/restaurant-brands-9-insiders-sell-7m-qsr-same-day-feb-2026
published_at: 2026-02-28T20:12:19.390Z
updated_at: 2026-02-28T20:12:20.850Z
author: Alex Rivera
author_title: Breaking News Editor
author_url: https://13finsight.com/authors/alex-rivera
word_count: 375
locale: en
source: 13F Insight
---

# Nine Restaurant Brands International Insiders Sell $7.2M in QSR Stock on the Same Day

> Nine Restaurant Brands International executives sold a combined $7.22M in QSR stock on Feb 23, all at exactly $67.51 per share — a rare unanimous same-day, same-price insider sell.

Nine Restaurant Brands International executives sold a combined $7.22 million in QSR stock on February 23, 2026 — all at exactly the same price of $67.51 per share. The precision matching across all nine sellers points to a coordinated disposition plan rather than independent market decisions. Nine Sellers, One Day, One Price Insider Title Shares Sold Value Shares After Axel Schwan Pres., Tim Hortons Americas 34,938 $2.36M 194,983 Thomas Curtis Executive 15,410 $1.04M 100,161 Sami Siddiqui Brand Pres., Popeyes Americas 12,828 $0.87M 31,923 Jill Granat Executive 11,524 $0.78M 476,126 Duncan Fulton Chief Corporate Officer 10,307 $0.70M 49,676 Jeffrey Housman Chief People & Services 7,705 $0.52M 159,961 Thiago Santelmo President, International 5,686 $0.38M 74,066 Jacqueline Friesner Executive 4,616 $0.31M 194,200 Peter Perdue Pres., Popeyes US & Canada 3,882 $0.26M 42,905 Total: 9 insiders $7.22M Why One Price? When nine different insiders sell at exactly $67.51 on the same day, it almost certainly indicates a pre-arranged 10b5-1 trading plan with a coordinated execution. Companies often set up block trades where multiple insiders sell simultaneously through a single broker, resulting in identical execution prices. This isn't necessarily bearish — it's administrative. But the fact that nine senior leaders chose to set up sells at this price level is worth noting. Brand Presidents Selling The seller list reads like a who's-who of Restaurant Brands' operating leadership. RBI owns Tim Hortons, Burger King, Popeyes, and Firehouse Subs. Notable sellers include: Tim Hortons Americas president Axel Schwan — largest seller at $2.36M Popeyes Americas president Sami Siddiqui — $870K, career total $25.1M Popeyes US & Canada president Peter Perdue — $260K, relatively new to selling International president Thiago Santelmo — $380K Career Context Several of these executives have significant career selling histories with QSR: Jill Granat: $37.5M career sales — but still holds 476,126 shares (~$32M) Sami Siddiqui: $25.1M career — down to 31,923 shares (~$2.2M) Axel Schwan: $19.7M career — still holds 194,983 shares (~$13M) Jacqueline Friesner: $17.8M career — holds 194,200 shares (~$13M) For QSR investors, the coordinated nature of this sell makes it less alarming than nine independent decisions would be. The identical pricing confirms plan-based execution. Still, $7.22M in aggregate insider selling from the people who run Burger King, Tim Hortons, and Popeyes deserves a watchful eye.

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Source: 13F Insight — https://13finsight.com/news/restaurant-brands-9-insiders-sell-7m-qsr-same-day-feb-2026
Author: Alex Rivera — https://13finsight.com/authors/alex-rivera
Last updated: 2026-02-28T20:12:20.850Z