Yum! Brands (NYSE: YUM) officer reports phantom stock transaction

Rhea-AI Filing Summary

Yum! Brands executive Russell David Eric, Sr. Vice President and Controller, reported an update to his deferred compensation holdings. On February 9, 2026, he had a Form 4 transaction involving 78.7338 units of Phantom Stock at $162.93 per unit.

Following this transaction, he beneficially owns 1,010.9933 Phantom Stock units, held directly. These phantom units convert into Yum! Brands common stock on a one-for-one basis and are part of the Yum! Brands, Inc. Executive Income Deferral Program, under which units have no expiration date and payments follow elections on file.

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^*

Russell David Eric

(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)
	Sr. Vice President, Controller

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

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

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
Phantom Stock	(1)	02/09/2026		F			78.7338	(2)	(3)	Common Stock	78.7338	$162.93	1,010.9933	D

Explanation of Responses:

1. Conversion occurs on a one-for-one basis.

2. Payments are made in accordance with elections on file.

3. Phantom units accrued under the YUM! Brands, Inc. Executive Income Deferral Program do not have expiration dates.

	/s/ Brittany Bodkin, POA	02/10/2026
	** 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.

FAQ

What insider transaction did Yum! Brands (YUM) report for Russell David Eric?

Yum! Brands reported a Form 4 for Sr. Vice President and Controller Russell David Eric showing a derivative transaction in 78.7338 Phantom Stock units at $162.93, leaving him with 1,010.9933 units under the company’s Executive Income Deferral Program.

What is the size of Russell David Eric’s phantom stock position at Yum! Brands (YUM)?

After the reported Form 4 transaction, Russell David Eric beneficially owns 1,010.9933 Phantom Stock units. These units are tied to Yum! Brands common stock on a one-for-one conversion basis and are held within the Executive Income Deferral Program with no expiration date.

What does Phantom Stock mean in the Yum! Brands (YUM) Form 4 filing?

In this Form 4, Phantom Stock represents deferred compensation units that convert into Yum! Brands common stock on a one-for-one basis. The units accrue under the Executive Income Deferral Program and do not have expiration dates, with payments made according to elections on file.

When did the reported Phantom Stock transaction occur for Yum! Brands (YUM)?

The reported Phantom Stock transaction for Yum! Brands executive Russell David Eric took place on February 9, 2026. The filing records a transaction code F in 78.7338 Phantom Stock units at $162.93 per unit, updating his deferred compensation holdings.

How is Russell David Eric related to Yum! Brands (YUM) in this Form 4?

Russell David Eric is identified as an officer of Yum! Brands, serving as Sr. Vice President and Controller. The Form 4 reflects his personal beneficial ownership of Phantom Stock units held directly under the company’s Executive Income Deferral Program.

Do the Yum! Brands (YUM) Phantom Stock units reported have an expiration date?

The Phantom Stock units reported for Russell David Eric do not have expiration dates. The filing notes that phantom units accrued under the Yum! Brands, Inc. Executive Income Deferral Program remain outstanding, with payments made according to elections that the participant has on file.