SCHWAN AXEL

PrivateCIK: 1594977
Location

MIAMI, FL

SCHWAN AXEL (Pres., Tim Hortons Americas) sold 21.5% of their position (57.57K shares) of RESTAURANT BRANDS INTERNATIONAL INC. on the open market

Open‑market sale worth $4.67M — a significant reduction. Review remaining holdings and any 10b5‑1 plan disclosures.

S · 1 sale
InsiderSCHWAN AXELCIK 1594977
Officer· Pres., Tim Hortons Americas
Since Jan 2020
-57.57K
Net shares
Net seller
$4.67M
Total sold
1
Open market trades
0B · 1S
5
Total transactions
70K acquired · 127.57K disposed
Non-Derivative Transactions3

Common Shares

Direct
M · Option Exercise

Shares

+40K

Price / share

$58.44

Trade value

$2.34M

% of position

20.3%
9/4/2026
197.48K237.48K

Common Shares

Direct
M · Option Exercise

Shares

+30K

Price / share

$64.75

Trade value

$1.94M

% of position

12.6%
9/4/2026
237.48K267.48K

Common Shares

Direct
S · Sale

Shares

57.57K

Price / share

$81.14

Trade value

$4.67M

% of position

21.5%
9/4/2026
267.48K209.91K
Total

Net shares

+12.43K

Net value

-$391.62K

Derivative Transactions2

Option (Right to Buy)

Direct
M · Option Exercise
Converts to

Common Shares

40K shares

Shares

40K

Strike price

58.44

Held after

0.00

Exercisable

9/4/2026

Option (Right to Buy)

Direct
M · Option Exercise
Converts to

Common Shares

30K shares

Shares

30K

Strike price

64.75

Held after

0.00

Exercisable

9/4/2026
Non-Derivative Holdings (Post-Transaction)0
No non-derivative holdings reported
Derivative Holdings (Post-Transaction)8

Performance Share Units

Direct
Underlying security
Common Shares

Underlying shares

64.75K

Shares owned

64.75K

Exercise price

Expiration

Exercise window

Restricted Share Units

Direct
Underlying security
Common Shares

Underlying shares

11.44K

Shares owned

11.44K

Exercise price

Expiration

Exercise window

Performance Share Units

Direct
Underlying security
Common Shares

Underlying shares

57.86K

Shares owned

57.86K

Exercise price

Expiration

Exercise window

Restricted Share Units

Direct
Underlying security
Common Shares

Underlying shares

9.56K

Shares owned

9.56K

Exercise price

Expiration

Exercise window

Option (Right to Buy)

Direct
Underlying security
Common Shares

Underlying shares

56K

Shares owned

56K

Exercise price

66.31

Expiration

Exercise window

Restricted Share Units

Direct
Underlying security
Common Shares

Underlying shares

7.28K

Shares owned

7.28K

Exercise price

Expiration

Exercise window

Restricted Share Units

Direct
Underlying security
Common Shares

Underlying shares

4.41K

Shares owned

4.41K

Exercise price

Expiration

Exercise window

Performance Share Units

Direct
Underlying security
Common Shares

Underlying shares

90.21K

Shares owned

90.21K

Exercise price

Expiration

Exercise window

Total

Underlying

301.53K

Owned

301.53K