Yum Brands (NYSE: YUM) KFC chief exercises RSUs, covers taxes with shares

Rhea-AI Filing Summary

Yum Brands executive Scott Mezvinsky, KFC Division CEO, reported equity award activity. On February 10, 2026, he exercised restricted stock units into 1,613 shares of common stock at an exercise price of $158.85 per share, then had 542 shares disposed of to cover tax obligations.

On the same date, he exercised additional units into 751 shares at $158.85, with 210 shares disposed of for taxes. After these transactions, he directly held 1,612 common shares and indirectly held 1,487 shares in a 401(k) plan.

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

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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^*

Mezvinsky Scott

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TX 45024

(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)
	KFC Division CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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
Common Stock	02/10/2026		M		1,613	A	$158.85	1,613	D
Common Stock	02/10/2026		F		542	D	$158.85	1,071	D
Common Stock	02/10/2026		M		751	A	$158.85	1,822	D
Common Stock	02/10/2026		F		210	D	$158.85	1,612	D
Common Stock								1,487	I	Held in 401(k) plan

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
Restricted Stock Units	(1)	02/10/2026		M			1,613	02/10/2026	02/10/2026	Common Stock	1,613	$0	0.57	D
Restricted Stock Units	(1)	02/10/2026		M			751	(2)	02/10/2025	Common Stock	751	$0	2,258.68	D

Explanation of Responses:

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

2. Vesting occurs 25% per year beginning one year from grant date.

	/s/ M. Gayle Hobson, POA	02/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did YUM KFC Division CEO Scott Mezvinsky report?

Scott Mezvinsky reported exercising restricted stock units into Yum Brands (YUM) common stock on February 10, 2026. The Form 4 shows derivative conversions into shares and related share disposals to satisfy tax withholding obligations at a reported price of $158.85 per share.

How many Yum Brands shares did Scott Mezvinsky acquire through RSU exercises?

Scott Mezvinsky exercised restricted stock units into blocks of 1,613 and 751 Yum Brands shares. These conversions are reported with an exercise price of $158.85 per share, reflecting equity compensation becoming directly held common stock on February 10, 2026.

How many Yum Brands shares were disposed of for tax withholding in this Form 4?

The filing reports dispositions of 542 and 210 Yum Brands common shares. These are coded as F transactions, meaning shares were delivered to cover tax liabilities related to equity award exercises, at a reported price of $158.85 per share.

What are Scott Mezvinsky’s Yum Brands shareholdings after the reported transactions?

After the reported activity, Scott Mezvinsky directly held 1,612 Yum Brands common shares. The Form 4 also shows an indirect holding of 1,487 shares in a 401(k) plan, reflecting retirement-plan ownership separate from his directly held stock position.

What derivative securities did Scott Mezvinsky exercise in the Yum Brands filing?

He exercised restricted stock units, which convert on a one-for-one basis into Yum Brands common stock. The table shows units tied to 1,613 and 751 underlying shares, with vesting described as 25% per year beginning one year from the grant date.

Is Scott Mezvinsky’s ownership in Yum Brands direct or indirect after these transactions?

Following the transactions, Scott Mezvinsky’s reported Yum Brands holdings are both direct and indirect. He directly owns 1,612 common shares and indirectly owns 1,487 shares through a 401(k) plan, which is disclosed as indirect beneficial ownership.