Yum Brands (NYSE: YUM) CEO details RSU vesting and tax share withholdings

Rhea-AI Filing Summary

Yum Brands CEO and Chairman Christopher Lee Turner reported vesting of restricted stock units and related share movements. On February 10, 2026, he acquired 1,385 and 1,761 shares of common stock through RSU conversions and had 547 and 694 shares withheld to cover tax obligations.

Following these equity award transactions, Turner directly beneficially owned 64,704.66 shares of Yum Brands common stock. The RSU awards vest 25% per year beginning one year from grant, with distributions over four years on a one-for-one basis into common shares.

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^*

Turner Christopher Lee

(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
X	Officer (give title below)		Other (specify below)
	CEO, Chairman of Board

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		1,385	A	$158.85	64,184.66	D
Common Stock	02/10/2026		F		547	D	$158.85	63,637.66	D
Common Stock	02/10/2026		M		1,761	A	$158.85	65,398.66	D
Common Stock	02/10/2026		F		694	D	$158.85	64,704.66	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	$131.31	02/10/2026		M			1,385	(1)	(2)	Common Stock	1,385	$0	1,386.27	D
Restricted Stock Units	(3)	02/10/2026		M			1,761	(1)	02/10/2029	Common Stock	1,761	$0	5,288.45	D

Explanation of Responses:

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

2. The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.

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

	/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.
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FAQ

What did Yum Brands (YUM) CEO Christopher Lee Turner report in this Form 4?

Christopher Lee Turner reported equity award activity, including RSU vesting and related common stock transactions. He converted restricted stock units into shares and had some shares withheld to satisfy tax obligations, updating his directly owned Yum Brands common stock position in this insider filing.

How many Yum Brands (YUM) shares did the CEO acquire through RSU conversions?

He acquired 1,385 and 1,761 shares of Yum Brands common stock through two separate restricted stock unit conversions. These were reported with transaction code "M," which indicates the exercise or conversion of derivative securities, such as RSUs, into underlying common shares.

Were any Yum Brands (YUM) shares disposed of for tax withholding in this Form 4?

Yes. The filing shows 547 and 694 shares of Yum Brands common stock disposed of under transaction code "F." This code indicates shares were withheld or delivered to cover tax liabilities associated with the equity award exercises, rather than open-market sales.

What is Christopher Lee Turner’s Yum Brands (YUM) common stock ownership after these transactions?

After the reported transactions, Christopher Lee Turner directly beneficially owned 64,704.66 shares of Yum Brands common stock. This figure reflects the net impact of RSU conversions increasing his holdings and share withholdings for taxes reducing the position on the transaction date.

How do the Yum Brands (YUM) RSUs reported by the CEO vest over time?

The restricted stock units vest 25% per year, beginning one year from the grant date. The final distribution under the grant occurs four years from the grant date, with each vested unit converting into one share of Yum Brands common stock on a one-for-one basis.