YUM Brands (YUM) CEO executes 270-share Rule 10b5-1 stock sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

YUM Brands Inc.’s CEO Christopher Lee Turner executed an open-market sale of 270 shares of common stock at $148.14 per share. This transaction was made pursuant to a Rule 10b5-1 trading plan, indicating it was pre-arranged rather than timed discretionarily.

Following the sale, Turner directly holds 64,281.66 shares of YUM common stock. No derivative securities are listed as remaining positions in this filing, and there are no indications of gifts, tax withholdings, or restructurings associated with this transaction.

Insider Trade Summary 10b5-1

Net Seller: 270 shares ($39,998)

Net Sell 1 txn

Insider Turner Christopher Lee

Role Chief Executive Officer

Sold 270 shs ($40K)

Type	Security	Shares	Price	Value
Sale	Common Stock	270	$148.14	$40K

Holdings After Transaction: Common Stock — 64,281.66 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 270 shares Sale price: $148.14 per share Shares held after sale: 64,281.66 shares +1 more

4 metrics

Shares sold 270 shares Open-market sale of YUM common stock

Sale price $148.14 per share Price for the 270-share sale

Shares held after sale 64,281.66 shares Direct YUM holdings post-transaction

Net buy/sell shares -270 shares Net activity in this Form 4

Key Terms

Rule 10b5-1, open-market sale, Common Stock, Form 4

4 terms

Rule 10b5-1 regulatory

"Pursuant to 10b5-1 Plan"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden 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.

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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Form 4 Insider Transactions: What Each Field Means →

06/02/2026 - 10:33 AM

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^*

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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		S		270⁽¹⁾	D	$148.14⁽¹⁾	64,281.66	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)

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	06/02/2026
	** 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

FAQ

What insider transaction did YUM (YUM) report in this Form 4?

YUM reported that CEO Christopher Lee Turner sold 270 shares of common stock. The shares were sold in an open-market transaction at $148.14 per share, and the activity is recorded as a standard non-derivative sale of YUM common stock.

At what price did the YUM (YUM) CEO sell his shares?

The CEO sold 270 YUM common shares at $148.14 each. This price reflects the execution level for the single reported open-market transaction and forms the basis for calculating the total dollar value disclosed for this Form 4 sale.

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

After the reported sale, CEO Christopher Lee Turner holds 64,281.66 YUM common shares directly. This post-transaction figure shows his remaining equity position as disclosed in the Form 4, giving context to the relative size of the 270-share sale.

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

Yes. A footnote specifies the sale was executed pursuant to a Rule 10b5-1 trading plan. Such plans are pre-arranged programs that schedule trades in advance, reducing the significance of short-term market timing in interpreting insider activity.

Did the YUM (YUM) Form 4 include any option exercises or derivative trades?

No. The filing only reports a non-derivative sale of common stock and shows no derivative transactions. The derivative summary is empty, indicating no option exercises, conversions, or other derivative activities were disclosed in this particular Form 4.