On January 7, CEO Joshua Kobza executed a sale of 3,443 shares of Restaurant Brands International stock, resulting in proceeds of $232,195.92. Following the transaction, Kobza’s direct ownership stands at 952,620 shares, representing a 0.36% reduction in his position and a holding valued at approximately $64.24 million. The sale was disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission.

Also on January 7, insider Axel Schwan sold 2,187 shares for total proceeds of $147,491.28. After the disposition, Schwan retains ownership of 164,653 shares, a 1.31% decrease from his prior stake, with a notional value near $11.10 million. These trades follow an earlier December 15 sale by Schwan of 5,860 shares (totaling $415,298.20), underscoring a period of concentrated insider selling among senior executives.

In its most recent quarter, Restaurant Brands International generated $2.45 billion in revenue, beating consensus estimates by $60 million and delivering earnings per share of $1.03 versus the $1.00 consensus. The firm reported a net margin of 9.95% and a return on equity of 32.43%. The board declared a quarterly dividend of $0.62 per share (annualized $2.48; yield 3.6%), with an 88.26% payout ratio. At quarter-end, the company’s balance sheet showed a current ratio of 1.06, a quick ratio of 0.98 and a debt-to-equity ratio of 2.65, against a market capitalization of $22.63 billion.