Yum! Brands KFC CEO exercises 483 SARs, sells 277 shares

Rhea-AI Filing Summary

Yum! Brands KFC Division CEO Scott Mezvinsky reported a series of transactions in company common stock. He exercised a stock appreciation right covering 483 shares at an exercise price of $68.0000 per share, converting a derivative award into common stock. Of these shares, 206 shares were disposed of back to the issuer and 277 shares were sold in an open-market transaction at $160.4200 per share, pursuant to a Rule 10b5-1 trading plan. Following these transactions, he held no shares directly, while 1,487 shares were held indirectly in a 401(k) plan.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 5 txns

Insider Mezvinsky Scott

Role KFC Division CEO

Sold 277 shs ($44K)

Approx. gross sale proceeds $44K

Approx. exercise cost $33K

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right	483	$0.00	$0.00
Exercise	Common Stock	483	$68.00	$33K
Disposition	Common Stock	206	$159.86	$33K
Sale	Common Stock	277	$160.42	$44K
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 2,893 contracts (Direct); Common Stock — 0 shares (Direct); Common Stock — 1,487 shares (Indirect, Held in 401(k) plan)

Footnotes (1)

1. F1. Pursuant to 10b5-1 Plan

Key Figures

Open-market sale: 277 shares at $160.4200/share Disposition to issuer: 206 shares at $159.8600/share SAR exercise: 483 shares at $68.0000/share +2 more

5 metrics

Open-market sale 277 shares at $160.4200/share Common Stock sale on 2026-07-01

Disposition to issuer 206 shares at $159.8600/share Common Stock issuer disposition on 2026-07-01

SAR exercise 483 shares at $68.0000/share Stock Appreciation Right exercise on 2026-07-01

Indirect 401(k) holdings 1,487 shares Common Stock held in 401(k) plan after transactions

Direct holdings after sale 0 shares Common Stock directly owned after 2026-07-01 transactions

Key Terms

Rule 10b5-1 Plan, Stock Appreciation Right, open-market sale, Disposition to issuer, +1 more

5 terms

Rule 10b5-1 Plan financial

"Pursuant to 10b5-1 Plan"

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

Stock Appreciation Right financial

"security_title: Stock Appreciation Right"

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

open-market sale financial

"transaction_action: open-market sale"

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Disposition to issuer financial

"transaction_action: issuer disposition"

derivative exercise/conversion financial

"transaction_action: derivative exercise/conversion"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did YUM KFC Division CEO Scott Mezvinsky report?

Scott Mezvinsky exercised a stock appreciation right for 483 Yum! Brands shares at $68.0000 per share, then disposed of 206 shares to the issuer and sold 277 shares in the open market at $160.4200 per share.

Were Scott Mezvinsky’s YUM stock sales made under a trading plan?

Yes. The filing notes the transactions were made pursuant to a Rule 10b5-1 Plan, meaning they were pre-arranged under a preset schedule rather than timed at his discretion, which typically indicates routine portfolio management.

How many YUM shares did Scott Mezvinsky sell and at what price?

He sold 277 shares of Yum! Brands common stock in an open-market transaction at an average price of $160.4200 per share, as disclosed in the Form 4 filing for the transaction date shown.

What YUM stock did Scott Mezvinsky acquire through derivative exercise?

He exercised a Stock Appreciation Right relating to 483 shares of Yum! Brands common stock at an exercise price of $68.0000 per share, converting this derivative award into common shares before the subsequent disposition and sale transactions.

What are Scott Mezvinsky’s YUM share holdings after these transactions?

After the reported transactions, he held no Yum! Brands shares directly. However, the Form 4 shows 1,487 shares of common stock held indirectly through a 401(k) plan, reflecting his remaining reported ownership interest.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 02:37 PM EDT Learn about SEC filing dates

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).

X

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^*

Mezvinsky Scott

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TEXAS 45024

(City) (State) (Zip)

UNITED STATES

(Country)

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)
	KFC Division CEO

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	07/01/2026		M		483(1)	A	$68	483	D
Common Stock	07/01/2026		D		206(1)	D	$159.86	277	D
Common Stock	07/01/2026		S		277(1)	D	$160.42	0	D
Common Stock								1,487	I	Held in 401(k) plan

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
Stock Appreciation Right	$68	07/01/2026		M			483(1)	02/17/2021	02/10/2027	Common Stock	483	$0	2,893	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ M. Gayle Hobson, POA	07/01/2026
	** 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.
* Form 4: SEC 1474 (03-26)