Yum Brands KFC chief trades shares under 10b5-1

Yum Brands KFC Division CEO Scott Mezvinsky reported several share transactions.

Rhea-AI Filing Summary

Yum Brands KFC Division CEO Scott Mezvinsky reported several share transactions. He exercised 483 stock appreciation rights at a price of $0.00 per right, receiving 483 shares of common stock at $68.00 per share.

On the same date, he disposed of 199 common shares to the issuer at $165.23 per share and sold 284 common shares in the open market at $166.02 per share. A footnote states these trades were made pursuant to a Rule 10b5-1 trading plan.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Mezvinsky Scott

Role KFC Division CEO

Sold 284 shs ($47K)

Approx. gross sale proceeds $47K

Approx. exercise cost $33K

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right	483	$0.00	$0.00
Exercise	Common Stock	483	$68.00	$33K
Disposition	Common Stock	199	$165.23	$33K
Sale	Common Stock	284	$166.02	$47K

Holdings After Transaction: Stock Appreciation Right — 5,308 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. Pursuant to 10b5-1 Plan

FAQ

What did YUM KFC Division CEO Scott Mezvinsky report in this Form 4?

Scott Mezvinsky reported exercising 483 stock appreciation rights into 483 YUM common shares at $68.00 per share, then disposing of 199 shares to the issuer and selling 284 shares in the market, all on the same date under a Rule 10b5-1 plan.

How many YUM shares did Scott Mezvinsky sell in the open market?

Scott Mezvinsky sold 284 shares of YUM common stock in an open-market or private transaction at $166.02 per share. This sale followed his exercise of stock appreciation rights that delivered 483 shares of common stock earlier on the same transaction date.

What derivative securities were involved in Scott Mezvinsky’s YUM Form 4 filing?

The filing shows Scott Mezvinsky exercised 483 stock appreciation rights, a type of derivative security, at a price of $0.00 per right. This exercise converted into 483 shares of YUM common stock at $68.00 per share, increasing his direct equity position before subsequent dispositions.

Were Scott Mezvinsky’s YUM stock transactions under a 10b5-1 plan?

Yes. A footnote in the Form 4 states the reported YUM stock transactions were made pursuant to a Rule 10b5-1 trading plan. Such pre-arranged plans allow insiders to systematically trade shares according to preset instructions, helping manage trading while limiting timing discretion.

Did Scott Mezvinsky dispose of any YUM shares directly to the company?

Yes. The Form 4 reports a disposition of 199 YUM common shares to the issuer at $165.23 per share. This is coded as a disposition to the issuer, separate from the 284-share sale executed as an open-market or private transaction on the same date.

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Accepted by SEC EDGAR 02/26/2026 - 12:03 PM Learn about SEC filing dates

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).

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^*

Mezvinsky Scott

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TX 45024

(City) (State) (Zip)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. 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 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/26/2026		M		483(1)	A	$68	483	D
Common Stock	02/26/2026		D		199(1)	D	$165.23	284	D
Common Stock	02/26/2026		S		284(1)	D	$166.02	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Appreciation Right	$68	02/26/2026		M			483(1)	02/17/2021	02/10/2027	Common Stock	483	$0	5,308	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	02/26/2026
	** 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.