YUM Brands KFC CEO Scott Mezvinsky sells 273 shares

The exercise, issuer return and share sale were reported as transactions pursuant to a Rule 10b5-1 plan.

Available on EDGAR 11/04/2026 - 03:44 PM EST Accepted by SEC EDGAR 11/04/2026 - 03:43 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Scott Mezvinsky, KFC Division CEO at YUM Brands Inc., exercised 482 stock appreciation rights on November 4, 2026, at an exercise price of $68 per share, acquiring 482 common shares. He returned 209 common shares to the issuer at $157.01 per share and sold 273 common shares at $160 per share under a Rule 10b5-1 plan. His reported position after the exercise included 964 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 273 shs ($44K)

Approx. gross sale proceeds $44K

Approx. exercise cost $33K

Share of Position Sold 100%

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right F1	482	--	--
Exercise	Common Stock F1	482	$68.00	$33K
Disposition	Common Stock F1	209	$157.01	$33K
Sale	Common Stock F1	273	$160.00	$44K

Holdings After Transaction: Stock Appreciation Right — 964 contracts (Direct); Common Stock — 0 shares (Direct)

Holdings Before and After: Stock Appreciation Right, 1,446 to 964 contracts (Direct); Common Stock, 0 to 0 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. Pursuant to 10b5-1 Plan

Key Figures

Stock appreciation rights exercised: 482 stock appreciation rights Exercise price: $68 per share Common shares acquired: 482 shares +5 more

8 metrics

Stock appreciation rights exercised 482 stock appreciation rights November 4, 2026

Exercise price $68 per share Stock appreciation rights exercised November 4, 2026

Common shares acquired 482 shares November 4, 2026

Common shares returned to issuer 209 shares November 4, 2026

Price per share returned to issuer $157.01 per share November 4, 2026

Common shares sold 273 shares November 4, 2026

Sale price $160 per share November 4, 2026

Stock appreciation rights after exercise 964 stock appreciation rights Reported following the November 4, 2026 exercise

Key Terms

Stock Appreciation Right, 10b5-1 Plan, derivative security

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.

10b5-1 Plan regulatory

"Pursuant to 10b5-1 Plan"

A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.

derivative security financial

"Exercise or conversion of derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

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

How many YUM shares did Scott Mezvinsky sell?

Scott Mezvinsky sold 273 common shares at $160 per share on November 4, 2026, under a Rule 10b5-1 plan.

How many YUM stock appreciation rights did Scott Mezvinsky exercise?

Scott Mezvinsky exercised 482 stock appreciation rights at an exercise price of $68 per share on November 4, 2026; his reported position after the exercise was 964 stock appreciation rights.

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

Form 4 Insider Transactions: What Each Field Means →

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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)
11/04/2026

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	11/04/2026		M		482(1)	A	$68(1)	482	D
Common Stock	11/04/2026		D		209(1)	D	$157.01(1)	273	D
Common Stock	11/04/2026		S		273(1)	D	$160(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	11/04/2026		M			482(1)	02/17/2021	02/10/2027	Common Stock	482	(1)	964	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	11/04/2026
	** 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)