Yum! Brands (YUM) CEO details new restricted stock unit holdings

Rhea-AI Filing Summary

Yum! Brands, Inc. CEO, Chairman and Director reported multiple transactions in restricted stock units tied to the company’s common stock. The earliest transaction date disclosed is 03/07/2025, and the filing covers several derivative positions in Table II.

The derivative securities are restricted stock units, each representing a contingent right to receive one share of Yum! Brands common stock. According to the notes, vesting occurs at 25% per year beginning one year from the grant date, with the final distribution occurring four years from the grant date. The filing states that there are no specified expiration dates for certain grants and that conversion is on a one-for-one basis into 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^*

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)
03/07/2025

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
Restricted Stock Units	(1)	03/07/2025		J	V	5.93		(2)	(3)	Common Stock	5.93	$162.53	1,362.93	D
Restricted Stock Units	$131.31	03/07/2025		J	V	11.88		(2)	(3)	Common Stock	11.88	$162.53	2,731.88	D
Restricted Stock Units	(4)	03/07/2025		J	V	19.23		(2)	(3)	Common Stock	19.23	$162.53	4,422.23	D
Restricted Stock Units	(4)	03/07/2025		J	V	30.23		(2)	02/10/2029	Common Stock	30.23	$162.53	6,949.23	D
Restricted Stock Units	(1)	06/06/2025		J	V	6.68		(2)	(3)	Common Stock	6.68	$144.83	1,369.61	D
Restricted Stock Units	$131.31	06/06/2025		J	V	13.39		(2)	(3)	Common Stock	13.39	$144.83	2,745.27	D
Restricted Stock Units	(4)	06/06/2025		J	V	21.68		(2)	(3)	Common Stock	21.68	$144.83	4,443.91	D
Restricted Stock Units	(4)	06/06/2025		J	V	34.07		(2)	02/10/2029	Common Stock	34.07	$144.83	6,983.3	D
Restricted Stock Units	(1)	09/12/2025		J	V	6.5		(2)	(3)	Common Stock	6.5	$149.49	1,376.11	D
Restricted Stock Units	$131.31	09/12/2025		J	V	13.04		(2)	(3)	Common Stock	13.04	$149.49	2,758.31	D
Restricted Stock Units	(4)	09/12/2025		J	V	21.11		(2)	(3)	Common Stock	21.11	$149.49	4,465.02	D
Restricted Stock Units	(4)	09/12/2025		J	V	33.17		(2)	02/10/2029	Common Stock	33.17	$149.49	7,016.47	D
Restricted Stock Units	(1)	12/12/2025		J	V	6.47		(2)	(3)	Common Stock	6.47	$151.06	1,382.58	D
Restricted Stock Units	$131.31	12/12/2025		J	V	12.96		(2)	(3)	Common Stock	12.96	$151.06	2,771.27	D
Restricted Stock Units	(4)	12/12/2025		J	V	20.99		(2)	(3)	Common Stock	20.99	$151.06	4,486.01	D
Restricted Stock Units	(4)	12/12/2025		J	V	32.98		(2)	02/10/2029	Common Stock	32.98	$151.06	7,049.45	D
Restricted Stock Units	(4)	12/12/2025		J	V	11.52		(2)	(5)	Common Stock	11.52	$151.06	2,463.52	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock

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

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

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

5. This grant does not have an expiration date.

	/s/ Brittany Bodkin, POA	12/29/2025
	** Signature of Reporting Person	Date
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FAQ

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

The filing reports that the CEO, Chairman and Director of Yum! Brands, Inc. had multiple transactions involving restricted stock units linked to the company’s common stock, with an earliest transaction date of 03/07/2025.

Who is the reporting person in the Yum! Brands (YUM) insider transaction?

The reporting person is a Director, CEO, and Chairman of the Board of Yum! Brands, Inc., as indicated in the relationship section of the filing.

What type of securities are involved in the YUM Form 4 transaction?

The transactions involve derivative securities in the form of restricted stock units, each representing a contingent right to receive one share of Yum! Brands common stock, as described in the explanation of responses.

How do the restricted stock units reported by Yum! Brands (YUM) vest?

The filing states that vesting of the restricted stock units occurs at 25% per year beginning one year from the grant date, with the final distribution taking place four years from the grant date.

What is the conversion ratio for the Yum! Brands restricted stock units?

According to the explanation of responses, conversion occurs on a one-for-one basis, meaning each restricted stock unit converts into one share of Yum! Brands common stock.

Do the restricted stock unit grants in the YUM filing have expiration dates?

The notes explain that for certain grants there are no specified expiration dates, and one note states that a particular grant does not have an expiration date.

Was this Yum! Brands (YUM) Form 4 filed by more than one reporting person?

No. The filing indicates that it is a Form filed by one reporting person, as shown in the individual or joint/group filing section.