YUM! Brands (NYSE: YUM) director receives 1,718 phantom stock units

Rhea-AI Filing Summary

YUM! Brands director Biggs M. Brett reported an award of 1,718.5294 phantom stock units on February 6, 2026. The units were acquired at a price of $0 per unit and are held as direct beneficial ownership.

The phantom stock converts into YUM! Brands common stock on a one-for-one basis, with payments made according to elections on file under the company’s Director Deferred Compensation Plan. The filing notes that these phantom units do not have expiration dates.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Biggs M. Brett

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,718.529	$0.00	--

Holdings After Transaction: Phantom Stock — 1,718.529 shares (Direct)

Footnotes (1)

1. Conversion occurs on a one-for-one basis. Payments are made in accordance with elections on file. Phantom units accrued under the YUM! Brands, Inc. Director Deferred Compensation Plan do not have expiration dates.

Form 4 Insider Transactions: What Each Field Means →

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^*

Biggs M. Brett

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

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)	02/06/2026		A		1,718.5294		(2)	(3)	Common Stock	1,718.5294	$0	1,718.5294	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. Director Deferred Compensation Plan do not have expiration dates.

	/s/ Brittany Bodkin, POA	02/09/2026
	** 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 (YUM) director Biggs M. Brett report?

Director Biggs M. Brett reported receiving 1,718.5294 phantom stock units on February 6, 2026. These units were granted at a price of $0 per unit and are tied to YUM! Brands’ Director Deferred Compensation Plan, providing equity-linked, deferred compensation.

How many phantom stock units did Biggs M. Brett receive from YUM (YUM)?

Biggs M. Brett received 1,718.5294 phantom stock units. Each phantom unit is linked one-for-one to YUM! Brands common stock, with payments made later under elections on file in the Director Deferred Compensation Plan, rather than as immediate share delivery.

What is the conversion rate of YUM (YUM) phantom stock units reported in this Form 4?

The phantom stock units convert into YUM! Brands common stock on a one-for-one basis. This means each of the 1,718.5294 phantom units corresponds to one share equivalent for payout purposes under the Director Deferred Compensation Plan.

Do the YUM (YUM) phantom stock units reported by Biggs M. Brett have an expiration date?

The phantom stock units accrued under the YUM! Brands Director Deferred Compensation Plan do not have expiration dates. They remain outstanding until settled in accordance with the director’s deferral and payment elections on file with the company.

At what price were the YUM (YUM) phantom stock units granted to Biggs M. Brett?

The 1,718.5294 phantom stock units were granted at a price of $0 per unit. This reflects a compensatory award under the YUM! Brands Director Deferred Compensation Plan rather than an open-market purchase or sale transaction.

Is Biggs M. Brett’s ownership of the YUM (YUM) phantom stock units direct or indirect?

The Form 4 indicates that the 1,718.5294 phantom stock units are held as direct beneficial ownership. No footnote in the filing reallocates voting or investment authority to another entity or disclaims beneficial ownership of these units.