Yum Brands (NYSE: YUM) CEO logs RSU conversion and share disposition

Rhea-AI Filing Summary

Yum Brands CEO and Chairman Christopher Lee Turner reported equity transactions dated February 9, 2026. He converted 1,495 restricted stock units into the same number of common shares on a one-for-one basis at an exercise price of $0. On the same date, he acquired 1,495 common shares coded as an M transaction at $158.90 per share, and disposed of 590 common shares coded as an F transaction at $158.90 per share. Following these transactions, he directly owned 62,799.66 common shares and 2,991.01 restricted stock units that continue to vest 25% per year from the grant date, with the final distribution four years from grant.

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)
02/09/2026

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	02/09/2026		M		1,495	A	$158.9	63,389.66	D
Common Stock	02/09/2026		F		590	D	$158.9	62,799.66	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)	02/09/2026		M			1,495	(2)	(3)	Common Stock	1,495	$0	2,991.01	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.

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

	/s/ Brittany Bodkin, POA	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Yum Brands (YUM) report for Christopher Lee Turner?

Yum Brands CEO Christopher Lee Turner reported converting 1,495 restricted stock units into 1,495 common shares and a related disposition of 590 common shares, all on February 9, 2026, at a reported price of $158.90 per share for the common stock transactions.

How many Yum Brands (YUM) shares does Christopher Lee Turner own after this Form 4?

After the reported transactions, Christopher Lee Turner directly owns 62,799.66 shares of Yum Brands common stock. He also holds 2,991.01 restricted stock units, which represent additional rights to receive common shares subject to the vesting schedule described in the filing’s footnotes.

What restricted stock unit activity did Yum Brands (YUM) disclose on February 9, 2026?

The filing shows 1,495 restricted stock units converted into 1,495 Yum Brands common shares on February 9, 2026. The RSUs convert on a one-for-one basis, and remaining units vest 25% per year starting one year after grant, with final distribution four years from the grant date.

What do the M and F transaction codes mean in the Yum Brands (YUM) Form 4?

The Form 4 lists an M code for a derivative-related transaction involving 1,495 shares of common stock and restricted stock units, and an F code for a disposition of 590 common shares. Both transactions occurred on February 9, 2026, at a reported price of $158.90 per common share.

How is the vesting schedule for Yum Brands (YUM) restricted stock units described?

The footnotes state that vesting occurs at 25% per year beginning one year from the grant date. The final distribution under this restricted stock unit grant will occur four years from the grant date, and the grant has no specified expiration dates, according to the disclosure.

What is the conversion ratio for Yum Brands (YUM) restricted stock units in this filing?

The conversion ratio is one-for-one, meaning each restricted stock unit converts into one share of Yum Brands common stock. This is explicitly stated in the footnotes, which note that conversion occurs on a one-for-one basis for the reported restricted stock unit grant.