Yum! Brands (YUM) COO and CPO report RSU transactions and vesting details

Rhea-AI Filing Summary

Yum! Brands filed a Form 4 updating equity holdings for its COO and CPO. The report covers multiple transactions in restricted stock units (RSUs) linked to common stock, with a one-for-one conversion ratio into shares of common stock.

The filing lists several RSU grants with transaction code "J" and fractional amounts such as 6.52, 11.88, 18.28, 30.23, 147.43, 7.35, 13.39, 20.6, 34.07, 166.18 and similar figures on various 2025 dates at prices including $162.53, $144.83, $149.49 and $151.06 per share. After these adjustments, RSU positions for certain grants stand at 33,897.43, 34,063.61, 34,225.39 and 34,386.25 units, all held directly.

For these RSUs, vesting occurs 25% per year beginning one year from the grant date, with final distribution four years from grant. Some grants show stated expiration dates in 2028 or 2029, while others have no specified expiration date under the plan description.

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^*

Skeans Tracy L

(Last) (First) (Middle)

1441 GARDINER LANE

(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)
	COO and CPO

3. Date of Earliest Transaction (Month/Day/Year)
03/07/2025

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

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)	03/07/2025		J	V	6.52		(2)	02/11/2032	Common Stock	6.52	$162.53	1,499.52	D
Restricted Stock Units	$131.31	03/07/2025		J	V	11.88		(2)	(3)	Common Stock	11.88	$162.53	2,731.88	D
Restricted Stock Units	(1)	03/07/2025		J	V	18.28		(2)	(3)	Common Stock	18.28	$162.53	4,202.28	D
Restricted Stock Units	(1)	03/07/2025		J	V	30.23		(2)	02/10/2029	Common Stock	30.23	$162.53	6,949.23	D
Restricted Stock Units	(1)	03/07/2025		J	V	147.43		02/10/2028	02/10/2028	Common Stock	147.43	$162.53	33,897.43	D
Restricted Stock Units	(1)	06/06/2025		J	V	7.35		(2)	02/11/2032	Common Stock	7.35	$144.83	1,506.87	D
Restricted Stock Units	$131.31	06/06/2025		J	V	13.39		(2)	(3)	Common Stock	13.39	$144.83	2,745.27	D
Restricted Stock Units	(1)	06/06/2025		J	V	20.6		(2)	(3)	Common Stock	20.6	$144.83	4,222.88	D
Restricted Stock Units	(1)	06/06/2025		J	V	34.07		(2)	02/10/2029	Common Stock	34.07	$144.83	6,983.3	D
Restricted Stock Units	(1)	06/06/2025		J	V	166.18		02/10/2028	02/10/2028	Common Stock	166.18	$144.83	34,063.61	D
Restricted Stock Units	(1)	09/12/2025		J	V	7.16		(2)	02/11/2032	Common Stock	7.16	$149.49	1,514.03	D
Restricted Stock Units	$131.31	09/12/2025		J	V	13.04		(2)	(3)	Common Stock	13.04	$149.49	2,758.31	D
Restricted Stock Units	(1)	09/12/2025		J	V	20.06		(2)	(3)	Common Stock	20.06	$149.49	4,242.94	D
Restricted Stock Units	(1)	09/12/2025		J	V	33.17		(2)	02/10/2029	Common Stock	33.17	$149.49	7,016.47	D
Restricted Stock Units	(1)	09/12/2025		J	V	161.78		02/10/2028	02/10/2028	Common Stock	161.78	$149.49	34,225.39	D
Restricted Stock Units	(1)	12/12/2025		J	V	7.12		(2)	02/11/2032	Common Stock	7.12	$151.06	1,521.15	D
Restricted Stock Units	$131.31	12/12/2025		J	V	12.96		(2)	(3)	Common Stock	12.96	$151.06	2,771.27	D
Restricted Stock Units	(1)	12/12/2025		J	V	19.94		(2)	(3)	Common Stock	19.94	$151.06	4,262.88	D
Restricted Stock Units	(1)	12/12/2025		J	V	32.98		(2)	02/10/2029	Common Stock	32.98	$151.06	7,049.45	D
Restricted Stock Units	(1)	12/12/2025		J	V	160.86		02/10/2028	02/10/2028	Common Stock	160.86	$151.06	34,386.25	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	12/29/2025
	** 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).
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FAQ

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

The Form 4 reports multiple transactions by the company’s COO and CPO involving restricted stock units (RSUs) tied to YUM common stock, all reflected as changes in derivative securities rather than open-market stock trades.

What type of securities are involved in this YUM Brands Form 4 filing?

The filing involves restricted stock units that convert on a one-for-one basis into shares of Yum! Brands common stock, as stated in the explanation of responses.

How do the YUM Brands RSUs reported in the Form 4 vest?

The RSUs vest at a rate of 25% per year, beginning one year from the grant date, and the final distribution for each grant occurs four years from the grant date.

What are some of the transaction prices in the YUM Brands Form 4 RSU entries?

The RSU-related transactions list prices such as $162.53, $144.83, $149.49 and $151.06 per share in the derivative securities table.

How many YUM Brands RSUs are held after the reported transactions?

The table shows RSU holdings after the reported adjustments for certain grants at 33,897.43, 34,063.61, 34,225.39 and 34,386.25 derivative securities, all listed as directly owned.

Who is the reporting person in this YUM Brands Form 4 and what is their role?

The reporting person is identified as an officer of Yum! Brands with the title COO and CPO, and the form is filed for one reporting person.

Do the YUM Brands Form 4 RSU grants have expiration dates?

Some RSU entries list expiration dates such as 02/10/2028 and 02/10/2029, while the explanation notes that certain grants have no specified expiration dates, with final distributions occurring four years from the grant date.