Kobza Joshua

Kobza Joshua, chief executive officer of Restaurant Brands International (QSR), has filed 51 Form 4 transactions with the SEC, and the pattern is unambiguous: a heavy sell bias with zero open-market purchases. Across all filings, his total sell value reached $17,048,326.85, while his acquired value—almost entirely from stock grants and option exercises—totaled just $560,732.69. The most recent open-market sale occurred on March 18, 2026, when he disposed of QSR shares worth $15,009,900, paired with an option exercise valued at $11,384,000 on the same day. A smaller sale of $232,219.71 followed on January 7, 2026, and no open-market buys (code "P") appear anywhere in his filing history. The recent activity is dominated by compensation-related awards rather than discretionary trades. Between January and July 2026, Kobza received a series of zero-value grants (code "A") on multiple dates, including clusters on January 6, February 25, April 2, and July 7. One February 25 award carried a value of $560,732.69, reflecting a grant with an economic worth, but the rest were nominal. This mix of automatic grants and periodic sales—the latter likely tied to option exercises and tax withholding—shows a CEO who is consistently monetizing equity compensation rather than accumulating additional shares on the open market. The absence of any purchase transactions, combined with the $17 million in total sales, points to a net reduction in his direct ownership stake in QSR over the filing period.