YUM! Brands (NYSE: YUM) director awarded 1,718.5294 phantom stock units

Rhea-AI Filing Summary

YUM! Brands director Keith Barr received 1,718.5294 phantom stock units on February 6, 2026. The units were acquired at a price of $0 under the YUM! Brands, Inc. Director Deferred Compensation Plan and are held directly.

Each phantom unit converts into one share of YUM! Brands common stock on a one-for-one basis, and the plan footnotes state that these phantom units do not have expiration dates. Payments are made in accordance with elections that are already on file for the director.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Barr Keith

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^*

Barr Keith

(Last) (First) (Middle)

BROADWATER PARK

(Street)

DENHAM UB9 5HR

(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/ M. Gayle Hobson, 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 did YUM (YUM! Brands) director Keith Barr report on this Form 4?

Keith Barr reported acquiring 1,718.5294 phantom stock units. The transaction occurred on February 6, 2026 at a price of $0 under the YUM! Brands, Inc. Director Deferred Compensation Plan and increased his directly held phantom stock balance to 1,718.5294 units.

What is the nature of the phantom stock units reported by YUM (YUM! Brands) director?

The phantom stock units are deferred compensation tied to YUM common stock. Each unit converts into one share of YUM! Brands common stock on a one-for-one basis, with payments made according to elections on file and no expiration date for the accrued phantom units.

How many YUM (YUM! Brands) phantom stock units does Keith Barr hold after this transaction?

After the transaction, Keith Barr beneficially owns 1,718.5294 phantom stock units. All of these derivative securities are reported as held directly. The acquisition on February 6, 2026 brought his total phantom stock holdings to that same 1,718.5294-unit figure.

At what price were the YUM (YUM! Brands) phantom stock units acquired on February 6, 2026?

The phantom stock units were acquired at a price of $0 per unit. This reflects their nature as awards under the YUM! Brands, Inc. Director Deferred Compensation Plan rather than open-market purchases, and the transaction is coded as an acquisition of derivative securities.

Do the YUM (YUM! Brands) phantom stock units for Keith Barr have an expiration date?

The phantom stock units do not have expiration dates. A footnote explains that phantom units accrued under the YUM! Brands, Inc. Director Deferred Compensation Plan remain outstanding, with conversion and payment governed by the director’s existing deferral elections on file with the company.

How do the YUM (YUM! Brands) phantom stock units convert into common shares?

Each phantom unit converts into one share of YUM common stock. A footnote states that conversion occurs on a one-for-one basis, meaning 1,718.5294 phantom stock units correspond to 1,718.5294 shares of YUM! Brands common stock when settled under the plan.