AS
Axel Schwan
Pres., Tim Hortons US & Canada

Axel Schwan insider trades: Restaurant Brands International (QSR) stock sales

Pres., Tim Hortons US & Canada, Restaurant Brands International Last trade Feb 23, 2026 56 Form 4 filings
$2.9M
Sold, last 12 months
3 sales
$0
Bought, last 12 months
0 buys
18
Open-market trades
since 2020
2
Companies
last trade 2026

Trades on the price chart

Daily close, with an arrow on each day they bought or sold

Companies

Where Axel reports to the SEC

Open-market buys and sales

18 trades reported on SEC Form 4, newest first

DateStockTypeValue
Feb 23, 2026QSR↓ Sell$2.4M
Jan 7, 2026QSR↓ Sell$147K
Dec 15, 2025QSR↓ Sell$415K
Feb 25, 2025QSR↓ Sell$2.0M
Feb 21, 2025QSR↓ Sell$1.6M
Jan 6, 2025QSR↓ Sell$322K
Dec 16, 2024QSR↓ Sell$274K
Aug 23, 2024QSR↓ Sell$2.5M
Feb 20, 2024QSR↓ Sell$1.2M
Jan 5, 2024QSR↓ Sell$705K
Dec 15, 2023QSR↓ Sell$158K
May 5, 2023QSR↓ Sell$2.4M
Jan 4, 2023QSR↓ Sell$606K
Jan 5, 2022QSR↓ Sell$509K
May 28, 2021QSR↓ Sell$1.8M
Jan 5, 2021QSR↓ Sell$669K
Dec 17, 2020QSR↓ Sell$2.0M
Mar 15, 2020QSR↓ Sell$2.4M

Each row is one filing's trades in one stock, summed. Shares and prices are as filed, before any later stock split.

Other QSR insiders

Open-market trades in the last 12 months

About Axel Schwan's insider trades

Axel Schwan is Pres., Tim Hortons US & Canada at Restaurant Brands International (QSR). Since Mar 15, 2020, Axel has reported no open-market purchases and 18 sales worth $22.2M on SEC Form 4. In the last 12 months: 3 sales ($2.9M).

Their filings also include grants and awards (36 filings), option exercises (16 filings), conversions (1 filing), shares returned to the company (1 filing). These aren't open-market trades and aren't counted above.

How to read insider trades

Officers, directors and owners of more than 10% of a company must report trades in its stock on SEC Form 4, usually within two business days. Purchases with their own money are the stronger signal: insiders sell for many reasons (taxes, diversification, a house), but buy for one. See every QSR insider trade, the latest insider trades across the market, or cluster buys, when several insiders buy the same stock within days.