Insider Activity Highlights a Strategic Share‑Buyback at RBRI

Restaurant Brands International (RBRI) saw a notable insider transaction on January 6, 2026, when owner Friesner Jacqueline (see remarks) executed a purchase of 19.11 common shares at the market price of $68.66. The trade, reported as a “buy” of ordinary equity, reflects a modest but consistent pattern of incremental stake‑increasing activities by this individual. While the transaction size is small relative to RBRI’s $30 billion market cap, the timing coincides with a broader wave of insider buying that includes key executives such as CEO Joshua Kobza and President Curtis Benjamin.

Implications for Investors

The low‑price, low‑volume nature of Friesner’s purchase is unlikely to move the market, but it signals confidence in RBRI’s valuation. The insider’s history shows frequent acquisitions of restricted and performance‑based share units, suggesting a long‑term commitment to the company’s growth prospects. In a market where the stock sits 7.5 % below its 52‑week high, a steady stream of insider buying may be interpreted as a bullish endorsement, potentially dampening downside risk and supporting a modest upside trajectory.

What It Means for RBRI’s Future

RBRI’s current fundamentals—PE ratio of 24, a 12.78 % yearly gain, and a recent 1.25 % weekly rise—indicate a company that is maintaining earnings momentum while operating in a competitive fast‑food landscape. The insider activity aligns with the firm’s ongoing expansion and delivery‑service initiatives, which are expected to drive revenue growth. The cumulative effect of insider buying across senior management may reinforce investor confidence and contribute to a more stable share price, especially amid sector volatility.

Friesner Jacqueline: A Profile Based on Historical Trades

Friesner Jacqueline has consistently engaged in a mix of common‑share purchases, restricted‑share units, and performance‑based awards. Over the past two years, her filings show a pattern of buying small blocks of common stock (often 19–815 shares) and regularly acquiring restricted units that vest annually. The 2025 December sales of 750–1,910 shares at $70.87 suggest periodic liquidity needs, while the subsequent 2026 purchases indicate a re‑investment strategy. Her holding of 9,098 exchangeable units further demonstrates a long‑term stake that can be converted to common shares when advantageous. This blend of immediate and future‑value securities signals a balanced approach: leveraging current market conditions while positioning for upside as RBRI continues to grow its footprint.

In sum, Friesner’s recent buy and her broader trading history underscore a belief in RBRI’s strategic direction. For investors, the pattern offers a subtle yet reassuring cue that senior insiders remain invested in the company’s trajectory, potentially translating into steadier performance in the near term.

DateOwnerTransaction TypeSharesPrice per ShareSecurity
2026-01-06Friesner Jacqueline (See Remarks)Buy19.11N/ACommon Shares
2026-01-07Friesner Jacqueline (See Remarks)Sell815.7667.44Common Shares
N/AFriesner Jacqueline (See Remarks)Holding9,098.00N/AExchangeable Units
2026-01-06Friesner Jacqueline (See Remarks)Buy17.75N/ARestricted Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy135.17N/APerformance Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy32.57N/ARestricted Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy161.44N/APerformance Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy31.60N/ARestricted Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy161.06N/APerformance Share Units
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy24.15N/ACommon Shares
2026-01-07CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Sell1,171.5967.44Common Shares
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy23.11N/ARestricted Share Units
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy450.57N/APerformance Share Units
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy71.62N/ARestricted Share Units
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy588.81N/APerformance Share Units
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy67.18N/ARestricted Share Units
2026-01-06CURTIS THOMAS BENJAMIN (Pres., BK US & CA)Buy585.70N/APerformance Share Units
2026-01-06SANTELMO THIAGO T (President, International)Buy17.28N/ACommon Shares
2026-01-07SANTELMO THIAGO T (President, International)Sell699.1767.44Common Shares
N/ASANTELMO THIAGO T (President, International)Holding205.00N/AExchangeable Units
2027-02-23SANTELMO THIAGO T (President, International)Holding10,000.00N/AOption (Right to Buy)
2028-02-22SANTELMO THIAGO T (President, International)Holding10,000.00N/AOption (Right to Buy)
2029-02-21SANTELMO THIAGO T (President, International)Holding30,000.00N/AOption (Right to Buy)
2030-02-20SANTELMO THIAGO T (President, International)Holding7,500.00N/AOption (Right to Buy)
2026-01-06SANTELMO THIAGO T (President, International)Buy20.13N/ARestricted Share Units
2026-01-06SANTELMO THIAGO T (President, International)Buy27.89N/ARestricted Share Units
2026-01-06SANTELMO THIAGO T (President, International)Buy180.23N/APerformance Share Units
2026-01-06SANTELMO THIAGO T (President, International)Buy281.84N/APerformance Share Units
2026-01-06SANTELMO THIAGO T (President, International)Buy51.07N/ARestricted Share Units
2026-01-06SANTELMO THIAGO T (President, International)Buy380.70N/APerformance Share Units
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy8.16N/ACommon Shares
2026-01-07PERDUE PETER (President, Popeyes-US & Canada)Sell395.6667.44Common Shares
2029-02-21PERDUE PETER (President, Popeyes-US & Canada)Holding10,000.00N/AOption (Right to Buy)
2030-02-20PERDUE PETER (President, Popeyes-US & Canada)Holding12,000.00N/AOption (Right to Buy)
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy4.59N/ARestricted Share Units
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy112.64N/APerformance Share Units
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy19.93N/ARestricted Share Units
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy111.22N/APerformance Share Units
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy20.58N/ARestricted Share Units
2026-01-06PERDUE PETER (President, Popeyes-US & Canada)Buy124.45N/APerformance Share Units
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy36.75N/ACommon Shares
2026-01-07Schwan Axel (Pres., Tim Hortons Americas)Sell2,186.7667.44Common Shares
2028-02-22Schwan Axel (Pres., Tim Hortons Americas)Holding40,000.00N/AOption (Right to Buy)
2029-02-21Schwan Axel (Pres., Tim Hortons Americas)Holding30,000.00N/AOption (Right to Buy)
2030-02-20Schwan Axel (Pres., Tim Hortons Americas)Holding56,000.00N/AOption (Right to Buy)
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy39.90N/ARestricted Share Units
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy750.95N/APerformance Share Units
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy65.89N/ARestricted Share Units
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy523.38N/APerformance Share Units
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy86.49N/ARestricted Share Units
2026-01-06Schwan Axel (Pres., Tim Hortons Americas)Buy585.70N/APerformance Share Units
N/ADOYLE J PATRICK (Executive Chairman)Holding193,855.02N/ACommon Shares
N/ADOYLE J PATRICK (Executive Chairman)Holding500,000.00N/ACommon Shares
2027-11-21DOYLE J PATRICK (Executive Chairman)Holding2,000,000.00N/AOption (Right to Buy)
2026-01-06DOYLE J PATRICK (Executive Chairman)Buy2,052.14N/ARestricted Share Units
2026-01-06DOYLE J PATRICK (Executive Chairman)Buy7,695.52N/APerformance Share Units
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy29.66N/ACommon Shares
2026-01-07Fulton Duncan (Chief Corporate Officer)Sell1,775.3367.48Common Shares
2028-08-03Fulton Duncan (Chief Corporate Officer)Holding60,000.00N/AOption (Right to Buy)
2030-02-21Fulton Duncan (Chief Corporate Officer)Holding15,000.00N/AOption (Right to Buy)
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy22.61N/ARestricted Share Units
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy221.47N/APerformance Share Units
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy47.37N/ARestricted Share Units
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy195.58N/APerformance Share Units
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy44.88N/ARestricted Share Units
2026-01-06Fulton Duncan (Chief Corporate Officer)Buy219.58N/APerformance Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy22.86N/ACommon Shares
2026-01-07Siddiqui Sami A. (Chief Financial Officer)Sell976.6967.44Common Shares
N/ASiddiqui Sami A. (Chief Financial Officer)Holding235,228.00N/ACommon Shares
2027-02-23Siddiqui Sami A. (Chief Financial Officer)Holding80,000.00N/AOption (Right to Buy)
2030-02-20Siddiqui Sami A. (Chief Financial Officer)Holding20,000.00N/AOption (Right to Buy)
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy22.64N/ARestricted Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy375.48N/APerformance Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy68.75N/ARestricted Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy457.96N/APerformance Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy71.88N/ARestricted Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy658.91N/APerformance Share Units
2026-01-06Siddiqui Sami A. (Chief Financial Officer)Buy695.31N/APerformance Share Units
2026-01-06Housman Jeffrey (See Remarks)Buy31.37N/ACommon Shares
2026-01-07Housman Jeffrey (See Remarks)Sell1,483.4467.44Common Shares
N/AHousman Jeffrey (See Remarks)Holding431.00N/AExchangeable Units
2027-02-24Housman Jeffrey (See Remarks)Holding20,000.00N/AOption (Right to Buy)
2028-02-23Housman Jeffrey (See Remarks)Holding30,000.00N/AOption (Right to Buy)
2030-02-21Housman Jeffrey (See Remarks)Holding20,000.00N/AOption (Right to Buy)
2026-01-06Housman Jeffrey (See Remarks)Buy23.75N/ARestricted Share Units
2026-01-06Housman Jeffrey (See Remarks)Buy225.29N/APerformance Share Units
2026-01-06Housman Jeffrey (See Remarks)Buy48.99N/ARestricted Share Units
2026-01-06Housman Jeffrey (See Remarks)Buy261.69N/APerformance Share Units
2026-01-06Housman Jeffrey (See Remarks)Buy52.16N/ARestricted Share Units
2026-01-06Housman Jeffrey (See Remarks)Buy314.81N/APerformance Share Units
2026-01-06Granat Jill (See Remarks)Buy45.14N/ACommon Shares
2026-01-07Granat Jill (See Remarks)Sell1,925.0867.44Common Shares
N/AGranat Jill (See Remarks)Holding52,965.00N/AExchangeable Units
2027-05-04Granat Jill (See Remarks)Holding50,000.00N/AOption (Right to Buy)
2030-02-20Granat Jill (See Remarks)Holding25,000.00N/AOption (Right to Buy)
2026-01-06Granat Jill (See Remarks)Buy36.50N/ARestricted Share Units
2026-01-06Granat Jill (See Remarks)Buy337.93N/APerformance Share Units
2026-01-06Granat Jill (See Remarks)Buy72.11N/ARestricted Share Units
2026-01-06Granat Jill (See Remarks)Buy327.12N/APerformance Share Units
2026-01-06Granat Jill (See Remarks)Buy70.13N/ARestricted Share Units
2026-01-06Granat Jill (See Remarks)Buy402.67N/APerformance Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy19.11N/ACommon Shares
2026-01-07Friesner Jacqueline (See Remarks)Sell815.7667.44Common Shares
N/AFriesner Jacqueline (See Remarks)Holding9,098.00N/AExchangeable Units
2026-01-06Friesner Jacqueline (See Remarks)Buy17.75N/ARestricted Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy135.17N/APerformance Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy32.57N/ARestricted Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy161.44N/APerformance Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy31.60N/ARestricted Share Units
2026-01-06Friesner Jacqueline (See Remarks)Buy161.06N/APerformance Share Units
2026-01-06Kobza Joshua (Chief Executive Officer)Buy80.83N/ACommon Shares
2026-01-07Kobza Joshua (Chief Executive Officer)Sell3,443.3567.44Common Shares
N/AKobza Joshua (Chief Executive Officer)Holding5,413.00N/AExchangeable Units
2027-05-04Kobza Joshua (Chief Executive Officer)Holding200,000.00N/AOption (Right to Buy)
2026-01-06Kobza Joshua (Chief Executive Officer)Buy65.93N/ARestricted Share Units
2026-01-06Kobza Joshua (Chief Executive Officer)Buy3,052.65N/APerformance Share Units
2026-01-06Kobza Joshua (Chief Executive Officer)Buy151.20N/ARestricted Share Units
2026-01-06Kobza Joshua (Chief Executive Officer)Buy1,177.63N/APerformance Share Units
2026-01-06Kobza Joshua (Chief Executive Officer)Buy139.79N/ARestricted Share Units
2026-01-06Kobza Joshua (Chief Executive Officer)Buy1,464.25N/APerformance Share Units