Yum Brands (NYSE: YUM) CEO reports RSU conversion and tax share disposal

Rhea-AI Filing Summary

Yum Brands CEO Aaron Powell reported equity transactions tied to his compensation on February 11, 2026. He acquired 1,106 shares of common stock at $159.06 per share through the conversion of restricted stock units on a one-for-one basis.

To cover tax obligations, 437 common shares were disposed of at $159.06 under a tax-withholding transaction. Following these moves, Powell directly owned 24,005.48 shares of Yum Brands 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

OMB APPROVAL

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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^*

Powell Aaron

(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)
	CEO - Pizza Hut

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		1,106	A	$159.06	24,442.48	D
Common Stock	02/11/2026		F		437	D	$159.06	24,005.48	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			1,106	(2)	02/11/2032	Common Stock	1,106	$0	0.48	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).
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 insider transactions did Yum Brands (YUM) CEO Aaron Powell report?

Yum Brands CEO Aaron Powell reported equity compensation-related transactions on February 11, 2026. He acquired 1,106 common shares via restricted stock unit conversion and disposed of 437 shares to satisfy tax withholding, leaving him with 24,005.48 directly owned common shares.

How many Yum Brands (YUM) shares does CEO Aaron Powell own after this Form 4?

After the reported transactions, Aaron Powell directly owns 24,005.48 Yum Brands common shares. This reflects 1,106 shares acquired through restricted stock unit conversion and 437 shares withheld and disposed of to cover associated tax liabilities on the same date.

What was the price used for Aaron Powell’s Yum Brands (YUM) share transactions?

The common stock transactions were reported at a price of $159.06 per share. This price applied both to the 1,106 shares received from restricted stock unit conversion and to the 437 shares disposed of to satisfy tax withholding obligations.

Were Aaron Powell’s Yum Brands (YUM) transactions open-market buys or sells?

The filing shows a derivative conversion and tax-withholding disposition, not open-market trades. Powell received 1,106 shares through restricted stock unit conversion and 437 shares were disposed of to pay taxes, consistent with standard equity compensation settlement mechanics.

What derivative securities did Aaron Powell exercise at Yum Brands (YUM)?

Aaron Powell exercised restricted stock units covering 1,106 underlying Yum Brands common shares. The units convert on a one-for-one basis into common stock, with vesting scheduled at 25% per year beginning one year from the original grant date, according to the footnotes.