Curtis Thomas Benjamin, President of BK US & CA at Restaurant Brands International (QSR), has filed 62 Form 4 transactions across the single ticker, with a pronounced sell-side bias. Over the tracked period, his open-market sales totaled $2,782,398.28, while he recorded zero open-market purchases. The most recent cluster of activity came on February 23, 2026, when two sales each brought in $1,040,343.34, marking the largest single-day disposals in the dataset. Earlier, on January 7, 2026, he executed two smaller sales valued at $79,012.22 apiece, bringing his January–February selling total to roughly $2.24 million.
The pattern is dominated by non-discretionary and compensatory events rather than aggressive conviction selling. The four most recent transactions, all dated July 7, 2026, are code "A" grants with zero dollar value, reflecting equity awards rather than market decisions. Similarly, a series of "A" grants on April 2 and February 25, 2026, included one award valued at $141,404.55, while the rest carried no cash value. Option exercises ("M") on February 22, 2026, also showed no immediate proceeds, and the subsequent sales appear mechanically linked to those exercises, a common structure for covering tax obligations or monetizing vested shares.
Notably, Benjamin has not made a single open-market purchase ("P") in the entire filing history, and his recent activity shows four sales against zero buys. The $2.78 million in total sell value, concentrated in early 2026, aligns with a routine post-exercise liquidation pattern rather than a broad directional bet. With no acquisitions beyond compensatory awards, the insider’s footprint is consistent with a manager monetizing equity compensation, not signaling a bullish or bearish view on QSR through discretionary trades.
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