Yum Brands KFC CEO sells 241 shares under trading plan

YUM’s KFC Division CEO’s reported exercise was made under a Rule 10b5-1 plan; 1,446 stock appreciation rights remained after the transaction.

Rhea-AI Filing Summary

YUM Brands’ KFC Division CEO Scott Mezvinsky reported an exercise and disposition sequence on October 1, 2026, pursuant to a Rule 10b5-1 plan. He exercised 482 stock appreciation rights with a $68.00 exercise price and acquired 482 common shares; 241 shares were returned to the issuer at $136.43 per share and 241 shares were sold at $136.89 per share. The reported position after the exercise was 1,446 stock appreciation rights.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider Mezvinsky Scott

Role KFC Division CEO

Sold 241 shs ($33K)

Approx. gross sale proceeds $33K

Approx. exercise cost $33K

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right F1	482	--	--
Exercise	Common Stock F1	482	$68.00	$33K
Disposition	Common Stock F1	241	$136.43	$33K
Sale	Common Stock F1	241	$136.89	$33K

Holdings After Transaction: Stock Appreciation Right — 1,446 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. Pursuant to 10b5-1 Plan

Key Figures

Stock appreciation rights exercised: 482 rights Exercise price: $68.00 per share Common shares acquired: 482 shares +5 more

8 metrics

Stock appreciation rights exercised 482 rights October 1, 2026

Exercise price $68.00 per share Stock appreciation right exercise on October 1, 2026

Common shares acquired 482 shares October 1, 2026

Shares returned to issuer 241 shares October 1, 2026

Price for shares returned to issuer $136.43 per share October 1, 2026

Shares sold 241 shares October 1, 2026

Sale price $136.89 per share October 1, 2026

Stock appreciation rights after transaction 1,446 rights Following the October 1, 2026 transaction

Key Terms

Stock Appreciation Right, Rule 10b5-1 Plan, Disposition to issuer

3 terms

Stock Appreciation Right financial

"Stock Appreciation Right"

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

Rule 10b5-1 Plan financial

"Pursuant to 10b5-1 Plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

Disposition to issuer financial

"Disposition to issuer"

FAQ

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

How many YUM shares did KFC Division CEO Scott Mezvinsky sell?

Scott Mezvinsky reported selling 241 shares at $136.89 per share on October 1, 2026. The sale was reported pursuant to a Rule 10b5-1 plan.

What were the details of Scott Mezvinsky’s YUM stock appreciation right exercise?

He exercised 482 stock appreciation rights with a $68.00 exercise price and acquired 482 common shares. The reported position after the transaction was 1,446 stock appreciation rights, with an expiration date of February 10, 2027.

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

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Available on EDGAR 10/01/2026 - 01:17 PM Accepted by SEC EDGAR 10/01/2026 - 01:17 PM 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).

X

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^*

Mezvinsky Scott

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TEXAS 45024

(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)
	KFC Division CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/01/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/01/2026		M		482(1)	A	$68(1)	482	D
Common Stock	10/01/2026		D		241(1)	D	$136.43(1)	241	D
Common Stock	10/01/2026		S		241(1)	D	$136.89(1)	0	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
Stock Appreciation Right	$68	10/01/2026		M			482(1)	02/17/2021	02/10/2027	Common Stock	482	(1)	1,446	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	10/01/2026
	** 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)