Director at Yum! Brands (NYSE: YUM) receives 1,841 phantom stock units

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Yum! Brands director Connor M. Christopher received 1,841.2815 phantom stock units on February 6, 2026. The award was granted at a price of $0 per unit and is reported as directly owned, bringing his total phantom stock holdings to 1,841.2815 units.

The phantom stock converts into Yum! Brands common stock on a one-for-one basis and is issued under the Director Deferred Compensation Plan. According to the disclosure, these phantom units do not have expiration dates, and payments will be made in line with elections on file.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Connor Christopher M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Stock	1,841.282	$0.00	--

Holdings After Transaction: Phantom Stock — 1,841.282 shares (Direct)

Footnotes (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 →

02/09/2026 - 10:58 AM

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^*

Connor Christopher M

(Last)

(First)

(Middle)

46002 FALLS ROAD

(Street)

HUNTING VALLEY

44022

(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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Phantom Stock	⁽¹⁾	02/06/2026		A		1,841.2815		⁽²⁾	⁽³⁾	Common Stock	1,841.2815	$0	1,841.2815	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/ Brittany Bodkin, 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Yum! Brands (YUM) disclose in this Form 4 filing?

Yum! Brands reported that director Connor M. Christopher received 1,841.2815 phantom stock units on February 6, 2026. The units were granted at a price of $0 per unit under the Director Deferred Compensation Plan and are directly owned.

How many Yum! Brands (YUM) phantom stock units were granted to the director?

The director received 1,841.2815 phantom stock units in this transaction. Following the grant, his beneficial ownership in this phantom stock position totals 1,841.2815 units, all reported as directly held, according to the Form 4 disclosure details.

What is the conversion rate of Yum! Brands (YUM) phantom stock units?

The phantom stock units convert into Yum! Brands common stock on a one-for-one basis. This means each phantom unit corresponds to one share of common stock when settled, as specifically stated in the explanatory footnotes of the Form 4 filing.

Do the Yum! Brands (YUM) phantom stock units have an expiration date?

The phantom stock units reported in this filing do not have expiration dates. The footnotes explain that phantom units accrued under the Yum! Brands, Inc. Director Deferred Compensation Plan are not subject to expiration, which distinguishes them from typical time-limited stock options.

Under what plan were the Yum! Brands (YUM) phantom units granted to the director?

The phantom stock units were granted under the Yum! Brands, Inc. Director Deferred Compensation Plan. The filing notes that phantom units accrued under this plan have no expiration date, and payments are made according to the director’s existing compensation elections on file.

What is the transaction price per Yum! Brands (YUM) phantom stock unit in this Form 4?

The transaction price per phantom stock unit was reported as $0. This reflects a compensatory award rather than an open-market purchase, consistent with grants made under a director deferred compensation arrangement, as described in the Form 4 details and footnotes.