Yum Brands (NYSE: YUM) KFC CEO trades stock under 10b5-1 plan

Q: How many Yum Brands (YUM) shares did Scott Mezvinsky sell and at what price?

Scott Mezvinsky sold 268 shares of Yum Brands common stock at $153.1500 per share. The transaction occurred on 2026-08-03 and is coded as a sale of common stock in connection with the same-day exercise of stock appreciation rights.

Q: At what price were Scott Mezvinsky’s Yum Brands (YUM) stock appreciation rights exercised?

The stock appreciation rights were exercised at a $68.0000 per-share conversion price for 483 underlying shares . These rights, originally granted with an exercise date of 2021-02-17, have an expiration date of 2027-02-10 according to the transaction details.

Q: What shares were disposed to Yum Brands (YUM) by Scott Mezvinsky in this Form 4?

Scott Mezvinsky reported a disposition of 215 shares of Yum Brands common stock to the issuer at $153.2800 per share. This issuer disposition, coded “D,” took place on 2026-08-03 alongside the exercise of stock appreciation rights and a separate sale of shares.

Q: Does Scott Mezvinsky’s Yum Brands (YUM) Form 4 involve a Rule 10b5-1 trading plan?

Yes. A footnote states “ Pursuant to 10b5-1 Plan ” for the reported transactions, and the filing’s Rule 10b5-1 checkbox is affirmed, indicating these trades were executed under a pre-arranged Rule 10b5-1 trading plan.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Scott Mezvinsky, KFC Division CEO of Yum Brands, exercised stock appreciation rights covering 483 shares of common stock at $68.0000 per share on 2026-08-03, receiving 483 shares. On the same date he disposed 215 shares to the issuer at $153.2800 and sold 268 shares at $153.1500 under a Rule 10b5-1 trading plan. Following the exercise, he holds 2,410 stock appreciation rights.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Mezvinsky Scott

Role KFC Division CEO

Sold 268 shs ($41K)

Approx. gross sale proceeds $41K

Approx. exercise cost $33K

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right ^F1	483	$0.00	$0.00
Exercise	Common Stock ^F1	483	$68.00	$33K
Disposition	Common Stock ^F1	215	$153.28	$33K
Sale	Common Stock ^F1	268	$153.15	$41K

Holdings After Transaction: Stock Appreciation Right — 2,410 shares (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

F1. Pursuant to 10b5-1 Plan

Key Figures

Stock appreciation rights exercised: 483 shares Exercise price: $68.0000 per share Shares sold: 268 shares +3 more

6 metrics

Stock appreciation rights exercised 483 shares Underlying shares exercised on 2026-08-03 from Stock Appreciation Right

Exercise price $68.0000 per share Conversion or exercise price of the Stock Appreciation Right

Shares sold 268 shares Common stock sold on 2026-08-03 at $153.1500 per share

Shares disposed to issuer 215 shares Common stock disposed to issuer at $153.2800 per share on 2026-08-03

Stock appreciation rights remaining 2,410 Total Stock Appreciation Rights following the reported derivative exercise

Expiration date of rights 2027-02-10 Expiration date of the exercised Stock Appreciation Right

Key Terms

Stock Appreciation Right, 10b5-1 Plan, disposition to issuer

3 terms

Stock Appreciation Right financial

""Stock Appreciation Right" appears as the derivative security title."

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

10b5-1 Plan regulatory

"Footnote states the trades were "Pursuant to 10b5-1 Plan"."

A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.

disposition to issuer financial

"Transaction code D is described as "Disposition to issuer"."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/03/2026 - 05:34 PM Accepted by SEC EDGAR 08/03/2026 - 05:33 PM

FAQ

What insider transactions did Yum Brands (YUM) executive Scott Mezvinsky report?

Scott Mezvinsky reported exercising stock appreciation rights for 483 shares at $68.0000, receiving 483 common shares, then disposing 215 shares to the issuer at $153.2800 and selling 268 shares at $153.1500 on 2026-08-03 under a Rule 10b5-1 plan.

How many Yum Brands (YUM) shares did Scott Mezvinsky sell and at what price?

Scott Mezvinsky sold 268 shares of Yum Brands common stock at $153.1500 per share. The transaction occurred on 2026-08-03 and is coded as a sale of common stock in connection with the same-day exercise of stock appreciation rights.

At what price were Scott Mezvinsky’s Yum Brands (YUM) stock appreciation rights exercised?

The stock appreciation rights were exercised at a $68.0000 per-share conversion price for 483 underlying shares. These rights, originally granted with an exercise date of 2021-02-17, have an expiration date of 2027-02-10 according to the transaction details.

What shares were disposed to Yum Brands (YUM) by Scott Mezvinsky in this Form 4?

Scott Mezvinsky reported a disposition of 215 shares of Yum Brands common stock to the issuer at $153.2800 per share. This issuer disposition, coded “D,” took place on 2026-08-03 alongside the exercise of stock appreciation rights and a separate sale of shares.

Does Scott Mezvinsky’s Yum Brands (YUM) Form 4 involve a Rule 10b5-1 trading plan?

Yes. A footnote states “Pursuant to 10b5-1 Plan” for the reported transactions, and the filing’s Rule 10b5-1 checkbox is affirmed, indicating these trades were executed under a pre-arranged Rule 10b5-1 trading plan.

How many stock appreciation rights does Scott Mezvinsky retain at Yum Brands (YUM) after these transactions?

After exercising some rights, Scott Mezvinsky is shown holding 2,410 stock appreciation rights. This total appears as the post-transaction balance for the derivative security labeled “Stock Appreciation Right” in the Form 4 data.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Mezvinsky Scott

(Last)

(First)

(Middle)

7100 CORPORATE DRIVE

(Street)

PLANO

TEXAS

45024

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	KFC Division CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/03/2026

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

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

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

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/03/2026		M		483⁽¹⁾	A	$68	483	D
Common Stock	08/03/2026		D		215⁽¹⁾	D	$153.28	268	D
Common Stock	08/03/2026		S		268⁽¹⁾	D	$153.15	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Right	$68	08/03/2026		M			483⁽¹⁾	02/17/2021	02/10/2027	Common Stock	483	$0	2,410	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	08/03/2026
	** 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 4 (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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR