Yum Brands CEO updates stake after RSU vesting

Yum Brands CEO and chairman Christopher Lee Turner reported routine stock activity from vesting equity awards.

Rhea-AI Filing Summary

Yum Brands CEO and chairman Christopher Lee Turner reported routine stock activity from vesting equity awards. On February 11, 2026, 1,382 restricted stock units were converted into the same number of Yum Brands common shares, increasing his directly held stake.

To satisfy tax obligations tied to this vesting, 548 common shares were withheld and disposed of at a reported price of $159.06 per share. After these transactions, Turner directly owned 65,538.66 shares of Yum Brands common stock, reflecting his ongoing equity alignment with the company.

Insider Trade Summary

1,382 shares exercised/converted

Exercise 3 txns

Insider Turner Christopher Lee

Role CEO, Chairman of Board

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,382	$0.00	$0.00
Exercise	Common Stock	1,382	$159.06	$220K
Exercise Price or Tax Liability	Common Stock	548	$159.06	$87K

Holdings After Transaction: Restricted Stock Units — 0.58 contracts (Direct); Common Stock — 65,538.66 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock
2. F2. Vesting occurs 25% per year beginning one year from grant date.
3. F3. The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Yum Brands (YUM) report for Christopher Lee Turner?

Yum Brands reported that CEO and chairman Christopher Lee Turner had 1,382 restricted stock units convert into common stock, then 548 shares were withheld to cover taxes. Following these equity award-related transactions, he directly held 65,538.66 Yum Brands common shares.

Did the Yum Brands (YUM) CEO buy or sell shares on the open market?

The activity reflects equity award vesting and tax withholding, not an open-market trade. Restricted stock units converted into 1,382 common shares, and 548 shares were disposed of to satisfy tax obligations, leaving Christopher Lee Turner with 65,538.66 directly owned shares.

How many Yum Brands (YUM) shares does the CEO own after this Form 4?

After the reported transactions, Christopher Lee Turner directly owns 65,538.66 Yum Brands common shares. This figure reflects the net result of 1,382 shares received from restricted stock unit vesting and 548 shares disposed of to cover associated tax liabilities.

What was the price used for the Yum Brands (YUM) tax-withholding shares?

The shares disposed of for tax withholding were reported at a price of $159.06 per share. This price applied to the 548 Yum Brands common shares withheld to satisfy tax obligations arising from the vesting and conversion of 1,382 restricted stock units into common stock.

How do the Yum Brands (YUM) restricted stock units for the CEO vest?

Each restricted stock unit represents a right to receive one Yum Brands common share. Vesting occurs at 25% per year beginning one year from the grant date, with the final distribution occurring four years from the grant date under this particular award schedule.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 02/12/2026 - 04:32 PM EST 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).

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 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CEO, Chairman of Board

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		M		1,382	A	$159.06	66,086.66	D
Common Stock	02/11/2026		F		548	D	$159.06	65,538.66	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	02/11/2026		M			1,382	(2)	(3)	Common Stock	1,382	$0	0.58	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock

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.
* 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.
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