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Yum Brands (NYSE: YUM) CEO sells 250 shares in 10b5-1 trade

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Yum Brands Inc. Chief Executive Officer Christopher Lee Turner sold 250 shares of common stock in an open-market transaction at $160.42 per share, pursuant to a Rule 10b5-1 trading plan. Following this sale, he directly holds 64,031.66 shares of Yum Brands common stock.

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Insider Turner Christopher Lee
Role Chief Executive Officer
Sold 250 shs ($40K)
Type Security Shares Price Value
Sale Common Stock 250 $160.42 $40K
Holdings After Transaction: Common Stock — 64,031.66 shares (Direct, null)
Footnotes (1)
  1. [object Object]
Shares sold 250 shares Open-market sale of common stock
Sale price $160.42 per share Price for the 250-share sale
Shares owned after sale 64,031.66 shares Direct holdings following transaction
Transaction type Open-market sale (Code S) Non-derivative common stock transaction
Rule 10b5-1 Plan regulatory
"Pursuant to 10b5-1 Plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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).
X
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*
Turner Christopher Lee
(Last)(First)(Middle)
1441 GARDINER LANE
(Street)
LOUISVILLE KENTUCKY 40213
(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)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
Chief Executive Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock07/01/2026S250(1)D$160.4264,031.66D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Pursuant to 10b5-1 Plan
/s/ M. Gayle Hobson, POA07/01/2026
** Signature of Reporting PersonDate
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

FAQ

What did Yum Brands (YUM) CEO Christopher Lee Turner do in this Form 4 filing?

Christopher Lee Turner reported an open-market sale of 250 shares of Yum Brands common stock. The transaction was executed at a price of $160.42 per share and disclosed on a Form 4 insider trading report.

How many Yum Brands (YUM) shares did the CEO sell and at what price?

The CEO sold 250 shares of Yum Brands common stock at $160.42 per share. This transaction reflects a relatively small sale size compared with his remaining direct ownership position disclosed in the filing.

How many Yum Brands (YUM) shares does the CEO hold after this transaction?

After the reported sale, Christopher Lee Turner directly holds 64,031.66 shares of Yum Brands common stock. This post-transaction balance shows he retains a substantial equity stake in the company following the relatively small disposition.

Was the Yum Brands (YUM) CEO’s stock sale under a Rule 10b5-1 trading plan?

Yes. A footnote states the transaction was conducted pursuant to a Rule 10b5-1 plan. Such plans are pre-arranged trading programs that allow insiders to sell shares on a predetermined schedule, reducing the importance of timing decisions.

Is the Yum Brands (YUM) CEO’s 250-share sale a buy or sell transaction?

The Form 4 classifies the transaction as an open-market sale of common stock, with a sell code of “S.” This indicates a straightforward disposition of 250 shares rather than an option exercise, gift, or tax-withholding-related transfer.