YUM Brands (YUM) officer reports multiple restricted stock unit moves

Rhea-AI Filing Summary

YUM Brands, Inc. filed a Form 4 reporting multiple transactions in restricted stock units by its Chief Legal Officer & Corporate Secretary. The filing shows several adjustments coded “J” in derivative securities tied to YUM common stock on dates including 03/07/2025, 06/06/2025, 09/12/2025, and 12/12/2025. Each restricted stock unit converts into one share of common stock, and the table lists transaction prices such as $162.53, $149.49, $151.06, and $144.83 per unit. Following these reported transactions, individual restricted stock unit awards show updated beneficially owned amounts, for example 2,149.78 units on one 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^*

Burkhardt Erika

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TX 75024

(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)
	Chief Legal Officer & Corp Sec

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	9.22		(2)	02/10/2029	Common Stock	9.22	$162.53	2,119.22	D
Restricted Stock Units	(1)	03/07/2025		J	V	2.57		02/09/2025(2)	02/09/2028	Common Stock	2.57	$162.53	590.57	D
Restricted Stock Units	(1)	03/07/2025		J	V	0.78		02/10/2024(2)	10/02/2024	Common Stock	0.78	$162.53	179.78	D
Restricted Stock Units	(1)	06/06/2025		J	V	10.39		(2)	02/10/2029	Common Stock	10.39	$144.83	2,129.61	D
Restricted Stock Units	(1)	06/06/2025		J	V	2.9		02/09/2025(2)	02/09/2028	Common Stock	2.9	$144.83	593.47	D
Restricted Stock Units	(1)	06/06/2025		J	V	0.88		02/10/2024(2)	10/02/2024	Common Stock	0.88	$144.83	180.66	D
Restricted Stock Units	(1)	09/12/2025		J	V	10.11		(2)	02/10/2029	Common Stock	10.11	$149.49	2,139.72	D
Restricted Stock Units	(1)	09/12/2025		J	V	2.82		02/09/2025(2)	02/09/2028	Common Stock	2.82	$149.49	596.29	D
Restricted Stock Units	(1)	09/12/2025		J	V	0.86		02/10/2024(2)	10/02/2024	Common Stock	0.86	$149.49	181.52	D
Restricted Stock Units	(1)	12/12/2025		J	V	10.06		(2)	02/10/2029	Common Stock	10.06	$151.06	2,149.78	D
Restricted Stock Units	(1)	12/12/2025		J	V	2.8		02/09/2025(2)	02/09/2028	Common Stock	2.8	$151.06	599.09	D
Restricted Stock Units	(1)	12/12/2025		J	V	0.85		02/10/2024(2)	10/02/2024	Common Stock	0.85	$151.06	182.37	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.

	/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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

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

The Form 4 reports multiple transactions coded “J” in restricted stock units tied to YUM Brands, Inc. common stock by its Chief Legal Officer & Corporate Secretary.

Who is the reporting person in this YUM (YUM) insider filing?

The reporting person is an officer of YUM Brands, Inc., serving as Chief Legal Officer & Corporate Secretary, and the form is filed by one reporting person.

What type of securities are involved in the YUM (YUM) Form 4 transactions?

The transactions involve restricted stock units that are derivative securities, each convertible on a one-for-one basis into shares of YUM common stock.

When did the reported YUM (YUM) transactions take place?

The table lists transaction dates including 03/07/2025, 06/06/2025, 09/12/2025, and 12/12/2025 for the restricted stock unit entries.

What are the vesting terms for the YUM (YUM) restricted stock units in this filing?

The explanation notes that vesting for these restricted stock units occurs at 25% per year beginning one year from the grant date.

What pricing details are disclosed for the YUM (YUM) restricted stock unit transactions?

The filing lists per-unit prices for the restricted stock unit transactions such as $162.53, $149.49, $151.06, and $144.83.

How many restricted stock units does the YUM (YUM) officer hold after these transactions?

The table shows updated beneficial holdings by grant, including entries such as 2,149.78 restricted stock units following one of the reported transactions.