Director at Brands Inc (YUM) granted 1,718 phantom stock units as compensation

Rhea-AI Filing Summary

Brands Inc reported that one of its directors acquired 1,718.5294 phantom stock units on February 6, 2026 under a Director Deferred Compensation Plan. These phantom units convert into common stock on a one-for-one basis, with payments made according to the director’s existing elections.

The phantom units do not have an expiration date, and the director holds 1,718.5294 derivative securities directly after this transaction. The reported transaction price for the phantom stock units was $0, reflecting their nature as deferred compensation rather than an open-market purchase.

Form 4 Insider Transactions: What Each Field Means →

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^*

Doniz Susan

(Last) (First) (Middle)

1,441

(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
	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)
			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
Phantom Stock	(1)	02/06/2026		A		1,718.5294		(2)	(3)	Common Stock	1,718.5294	$0	1,718.5294	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.

FAQ

What insider transaction did YUM report for its director on February 6, 2026?

A Brands Inc director reported acquiring 1,718.5294 phantom stock units on February 6, 2026. These units were granted under a Director Deferred Compensation Plan and are settled based on elections already on file.

What are the terms of the phantom stock units reported by YUM?

The phantom stock units convert into common stock on a one-for-one basis. Payments tied to these units are made in accordance with the director’s existing elections, and the phantom units do not have expiration dates.

How many derivative securities does the YUM director hold after this Form 4 transaction?

Following the reported transaction, the director beneficially owns 1,718.5294 phantom stock derivative securities. These are held directly and are linked to an equivalent number of underlying shares of Brands Inc common stock.

Was any cash price paid for the phantom stock units reported by YUM?

The transaction lists a price of $0 for the phantom stock units. This reflects that the units were granted as part of a Director Deferred Compensation Plan rather than bought in an open-market cash transaction.

Does the YUM director deferred phantom stock grant have an expiration date?

The phantom units accrued under the Director Deferred Compensation Plan do not have expiration dates. They remain outstanding and are ultimately settled according to the director’s payment elections on file with Brands Inc.