Brands Inc (NYSE: YUM) COO exercises 1,521 RSUs, withholds 600 shares

Rhea-AI Filing Summary

Brands Inc’s COO and CPO, Tracy L. Skeans, reported an equity award transaction. On February 11, 2026, she converted 1,521 restricted stock units into 1,521 shares of common stock in an exercise priced at $159.06 per share, on a one-for-one basis.

On the same date, 600 shares of common stock were disposed of at $159.06 per share to cover tax obligations related to the award. After these transactions, she directly owned 10,675 shares of common stock.

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^*

Skeans Tracy L

(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)
	COO and CPO

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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	02/11/2026		M		1,521	A	$159.06	11,275	D
Common Stock	02/11/2026		F		600	D	$159.06	10,675	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
Restricted Stock Units	(1)	02/11/2026		M			1,521	(2)	02/11/2032	Common Stock	1,521	$0	0.15	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/ Brittany Bodkin, 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.
* 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).
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FAQ

What insider transaction did YUM’s COO report on this Form 4?

The COO and CPO reported converting 1,521 restricted stock units into 1,521 shares of common stock at $159.06 per share, then disposing of 600 shares for tax withholding, leaving 10,675 shares directly owned afterward.

How many YUM shares does the COO beneficially own after the reported transactions?

Following the reported equity award exercise and related tax withholding, the COO and CPO beneficially owns 10,675 shares of common stock directly. This figure reflects the net holdings after converting 1,521 restricted stock units and disposing of 600 shares.

What was the price per share used in the COO’s YUM equity transactions?

Both the conversion of restricted stock units and the share disposition were reported using a price of $159.06 per share. This price applied to the 1,521 shares received and the 600 shares disposed to satisfy tax obligations.

What type of derivative security did the YUM Form 4 disclose for the COO?

The filing disclosed restricted stock units as the derivative security. These units converted on a one-for-one basis into 1,521 shares of common stock, with vesting scheduled at 25% per year beginning one year from the grant date.

How were taxes handled on the COO’s YUM restricted stock unit conversion?

To satisfy tax obligations arising from the restricted stock unit conversion, 600 shares of common stock were disposed of at $159.06 per share. This tax-withholding disposition is coded as an F transaction on the Form 4.

What does the vesting schedule for the YUM restricted stock units look like?

The restricted stock units vest 25% per year, starting one year from the grant date. This means the award becomes fully vested over four years, with equal annual installments improving alignment with long-term service and performance.