[144] Yum! Brands, Inc. SEC Filing
Insider sale notice: A Form 144 was filed reporting a proposed sale of 270 shares of Yum! Brands, Inc. common stock through Merrill Lynch (Columbus, OH) with an aggregate market value of $39,222, and an approximate sale date of 09/02/2025. The shares were acquired on 02/05/2016 via a SAR exercise and sale from Yum! Brands Inc., and payment type is listed as Stock. The filing also lists prior sales by Scott Mezvinsky of 268, 272, and 263 shares on 06/04/2025, 07/01/2025, and 08/06/2025 respectively, with gross proceeds shown for each transaction.
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Insights
TL;DR: Routine insider sale filing for a small block of shares; activity consistent with ongoing limited disposals.
The Form 144 documents a proposed sale of 270 Yum! Brands common shares via Merrill with a stated market value of $39,222, following multiple similar small sales in prior months. This filing is procedural under Rule 144 and discloses acquisition via a SAR exercise in 2016. The reported amounts are modest relative to a large-cap issuer and typically do not indicate a material change to company fundamentals.
TL;DR: Disclosure meets Rule 144 requirements; prior periodic sales are documented and signer certifies lack of undisclosed material nonpublic information.
The notice identifies the seller (Scott Mezvinsky) through recent sales history and includes the required representation about lacking material nonpublic information. It notes the broker and dates of acquisition and planned sale. From a governance perspective, the filing appears to be standard compliance documentation rather than a governance concern.