[Form 3] YUM BRANDS INC Initial Statement of Beneficial Ownership

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

Corporate Compensation Analyst

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.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Roy Ranjith

(Last) (First) (Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE KY 40213

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/01/2025

3. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [ YUM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	271	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	05/16/2027	Common Stock	726.97	(2)	D
Restricted Stock Units	05/20/2028	05/20/2028	Common Stock	10,163.39	(2)	D
Restricted Stock Units	(3)	02/10/2029	Common Stock	1,369.02	(2)	D
Stock Appreciation Right	(3)	02/10/2035	Common Stock	5,712	(2)	D

Explanation of Responses:

1. Vesting occurs 33% per year beginning one year from grant date.

2. Conversion occurs on a one-for-one basis.

3. Vesting occurs 25% per year beginning one year from grant date.

	/s/ M. Gayle Hobson, POA	10/07/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did YUM CFO Roy Ranjith report on Form 3 (YUM)?

The filing reports 271 shares of common stock directly owned and equity awards: RSUs of 726.97, 10,163.39, and 1,369.02 shares plus a stock appreciation right covering 5,712 underlying shares.

When do the reported RSUs and SARs vest or convert (YUM)?

Specified conversion/vesting dates include 05/16/2027, 05/20/2028, and 02/10/2029; the SAR expires on 02/10/2035. Vesting is 33% per year for some awards and 25% per year for others.

Does the Form 3 indicate direct or indirect ownership (YUM)?

The reported 271 common shares and the listed derivative securities are shown as direct (D) beneficial ownership.

Was this filing an initial report or an amendment (YUM)?

This is an initial Form 3 reporting the reporting person's beneficial ownership following the event dated 10/01/2025.

Who signed the Form 3 for Roy Ranjith (YUM)?

The Form 3 signature is executed by /s/ M. Gayle Hobson, POA on 10/07/2025, indicating filing via power of attorney.