YUM Brands (YUM) COO Tracy Skeans sells 1,837 common shares under 10b5-1 plan

Filing Impact

(Moderate)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

YUM Brands COO and CPO Tracy L. Skeans reported a series of open-market sales of YUM common stock. On May 15, 2026, Skeans sold a total of 1,837 shares at a price of $152.00 per share, across eight separate non-derivative transactions. The footnotes state these sales were made pursuant to a Rule 10b5-1 trading plan, indicating they were pre-arranged rather than timed discretionarily.

Insider Trade Summary 10b5-1

Net Seller: 1,837 shares ($279,224)

Net Sell 8 txns

Insider Skeans Tracy L

Role COO and CPO

Sold 1,837 shs ($279K)

Type	Security	Shares	Price	Value
Sale	Common Stock	9	$152.00	$1K
Sale	Common Stock	521	$152.00	$79K
Sale	Common Stock	15	$152.00	$2K
Sale	Common Stock	414	$152.00	$63K
Sale	Common Stock	22	$152.00	$3K
Sale	Common Stock	396	$152.00	$60K
Sale	Common Stock	33	$152.00	$5K
Sale	Common Stock	427	$152.00	$65K

Holdings After Transaction: Common Stock — 5,325 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 1,837 shares Sale price: $152.00 per share Number of sale transactions: 8 trades +3 more

6 metrics

Shares sold 1,837 shares Total YUM common stock sold on May 15, 2026

Sale price $152.00 per share Price for each YUM share sold in all transactions

Number of sale transactions 8 trades Separate open-market sales of YUM common stock

Net buy/sell direction Net sell of 1,837 shares Form 4 transaction summary netBuySellShares

Insider role COO and CPO Officer title of Tracy L. Skeans at YUM Brands

Trading plan Rule 10b5-1 plan Footnote states transactions made pursuant to 10b5-1 plan

Key Terms

Common Stock, open-market sale, Rule 10b5-1 trading plan, Form 4, +1 more

5 terms

Common Stock financial

"sold a total of 1,837 shares at a price of $152.00 per share"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

open-market sale financial

"eight separate non-derivative transactions classified as open-market sales"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Rule 10b5-1 trading plan regulatory

"sales were made pursuant to a Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Form 4 regulatory

"as disclosed in the Form 4 filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"eight non-derivative transactions classified as open-market sales"

Form 4 Insider Transactions: What Each Field Means →

05/15/2026 - 12:45 PM

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^*

Skeans Tracy L

(Last)

(First)

(Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE

KENTUCKY

40213

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/15/2026		S		9⁽¹⁾	D	$152⁽¹⁾	5,325	D
Common Stock	05/15/2026		S		521⁽¹⁾	D	$152⁽¹⁾	4,804	D
Common Stock	05/15/2026		S		15⁽¹⁾	D	$152⁽¹⁾	4,789	D
Common Stock	05/15/2026		S		414⁽¹⁾	D	$152⁽¹⁾	4,375	D
Common Stock	05/15/2026		S		22⁽¹⁾	D	$152⁽¹⁾	4,353	D
Common Stock	05/15/2026		S		396⁽¹⁾	D	$152⁽¹⁾	3,957	D
Common Stock	05/15/2026		S		33⁽¹⁾	D	$152⁽¹⁾	3,924	D
Common Stock	05/15/2026		S		427⁽¹⁾	D	$152⁽¹⁾	3,497	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	05/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did YUM (YUM) executive Tracy L. Skeans report in this Form 4?

Tracy L. Skeans, COO and CPO of YUM Brands, reported selling 1,837 shares of YUM common stock. The transactions were open-market sales executed at $152.00 per share on May 15, 2026, under a pre-arranged Rule 10b5-1 trading plan.

How many YUM (YUM) shares did Tracy L. Skeans sell and at what price?

Tracy L. Skeans sold 1,837 shares of YUM common stock at $152.00 per share. These sales were broken into eight separate open-market transactions, all dated May 15, 2026, as disclosed in the Form 4 filing.

Were the YUM (YUM) insider stock sales by Tracy L. Skeans pre-planned?

Yes. A footnote states the YUM stock sales by Tracy L. Skeans were made pursuant to a Rule 10b5-1 plan. Such plans pre-schedule trades, meaning the timing of these 1,837-share sales at $152.00 was determined in advance, not opportunistically.

What type of transactions did Tracy L. Skeans report for YUM (YUM) shares?

The Form 4 shows eight non-derivative transactions classified as open-market sales of YUM common stock. Each trade used transaction code “S,” indicating sales in the open market or private transactions, all executed at $152.00 per share on May 15, 2026.

Does this YUM (YUM) Form 4 involve options or other derivative securities?

No. All reported transactions involve YUM common stock only and are labeled non-derivative. The derivative summary section shows no derivative transactions or remaining derivative positions tied to this filing, indicating these were straightforward common stock sales.