Yum Brands (YUM) Taco Bell CEO exercises RSUs and withholds stock for taxes

Rhea-AI Filing Summary

Yum Brands executive Sean Tresvant, Taco Bell CEO and YUM CCO, reported multiple equity transactions dated February 10, 2026. He exercised restricted stock units (RSUs) that convert to common stock on a one-for-one basis, acquiring 604 and 1,761 common shares at an exercise price of $0 per RSU.

Corresponding non-derivative entries show 604 and 1,761 common shares acquired at a reported price of $158.85 per share through derivative conversion, and dispositions of 235 and 610 common shares at $158.85 to cover tax liabilities. After these transactions, Tresvant directly held 6,140 common shares and RSU balances of 606.39 and 5,288.45 units, which vest 25% per year with final distribution four years from grant.

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

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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^*

Tresvant Sean

(Last) (First) (Middle)

1,441

(Street)

LOUISVILLE KY 40213

(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)
	Taco Bell, CEO, YUM CCO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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	02/10/2026		M		604	A	$158.85	5,224	D
Common Stock	02/10/2026		F		235	D	$158.85	4,989	D
Common Stock	02/10/2026		M		1,761	A	$158.85	6,750	D
Common Stock	02/10/2026		F		610	D	$158.85	6,140	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
Restricted Stock Units	(1)	02/10/2026		M			604	(2)	(3)	Common Stock	604	$0	606.39	D
Restricted Stock Units	(1)	02/10/2026		M			1,761	(2)	02/10/2029	Common Stock	1,761	$0	5,288.45	D

Explanation of Responses:

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

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

3. The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.

	/s/ Brittany Bodkin, POA	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did YUM executive Sean Tresvant report?

Sean Tresvant reported exercising restricted stock units into common stock and related tax-withholding share disposals. He converted 604 and 1,761 RSUs and disposed of 235 and 610 common shares at $158.85 to satisfy tax obligations arising from the equity awards.

How many YUM common shares does Sean Tresvant hold after these Form 4 transactions?

After the reported transactions, Sean Tresvant directly holds 6,140 shares of YUM common stock. This reflects RSU conversions into shares and share dispositions used to cover associated tax liabilities, as disclosed in the non-derivative securities table of the Form 4 filing.

What restricted stock unit (RSU) balances does Sean Tresvant have at YUM?

Following the transactions, Tresvant beneficially owns 606.39 and 5,288.45 restricted stock units. These RSUs convert into YUM common stock on a one-for-one basis and vest 25% per year, with the final distribution occurring four years from the grant date.

Why were some YUM shares disposed of in Sean Tresvant’s Form 4?

The Form 4 shows dispositions coded “F,” meaning shares were delivered to pay tax liabilities tied to equity awards. Tresvant disposed of 235 and 610 common shares at $158.85 as tax-withholding transactions, not as open-market sales for investment purposes.

What do the RSU vesting terms mean for YUM executive Sean Tresvant?

The RSUs vest 25% per year starting one year after the grant date, with final distribution four years from grant. This schedule gradually delivers YUM common shares over time, aligning Tresvant’s compensation with long-term company performance and retention objectives.

How are Sean Tresvant’s YUM RSUs converted into common stock?

The RSUs convert to YUM common stock on a one-for-one basis, meaning each vested unit delivers one share. The Form 4 lists exercises coded “M,” reflecting derivative conversions where RSUs become common shares with no separate cash exercise price.