YUM Form 3: 271 shares, RSUs and SARs disclosed by CFO
Rhea-AI Filing Summary
Roy Ranjith, identified as Chief Financial Officer and an officer of YUM BRANDS INC (YUM), filed an initial Form 3 reporting his beneficial ownership following an event on 10/01/2025. He directly holds 271 shares of common stock and several equity awards: restricted stock units that convert one-for-one into common stock (scheduled amounts include 726.97, 10,163.39, and 1,369.02 shares) and a stock appreciation right covering 5,712 underlying shares. Vesting schedules are disclosed: some awards vest 33% per year starting one year after grant, others vest 25% per year starting one year after grant.
Positive
- Officer status disclosed with ownership alignment via equity awards
- Time‑based vesting structures (33% or 25% annually) align officer incentives over multiple years
- Clear one‑for‑one conversion of RSUs to common stock provides straightforward equity economics
Negative
- None.
Insights
Officer equity holdings and multi‑year vesting schedules disclosed; no derivatives exercisable immediately.
The filing records a small direct holding of 271 common shares and a set of time‑based equity awards that convert one‑for‑one into common stock, plus a stock appreciation right with 5,712 underlying shares. The awards have staged vesting (33% per year or 25% per year) which spreads economic exposure over several years.
Because the report is an initial Form 3, the practical effect is disclosure of potential future dilution as awards vest; key items to watch are actual grant dates and the timing of vesting events, particularly the conversion dates in 05/16/2027, 05/20/2028, and 02/10/2029, and the SAR expiration on 02/10/2035.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Stock Appreciation Right | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Vesting occurs 33% per year beginning one year from grant date. Conversion occurs on a one-for-one basis. Vesting occurs 25% per year beginning one year from grant date.
