Yum Brands insider trade: SAR exercise and stock sales disclosed

Rhea-AI Filing Summary

Yum Brands (YUM) reported insider transactions by its KFC Division CEO. On 11/05/2025, a stock appreciation right at $49.66 was exercised for 409 shares, followed by sales of 136 shares at $149.55 and 273 shares at $154.27 pursuant to a Rule 10b5-1 plan.

After these transactions, 2,028 shares were held directly, and 1,487 shares were held in a 401(k) plan.

Insider Trade Summary

Net Seller: 273 shares ($42,116)

Net Sell 5 txns

Insider Mezvinsky Scott

Role KFC Division CEO

Sold 273 shs ($42K)

Type	Security	Shares	Price	Value
Exercise	Stock Appreciation Right	409	$0.00	--
Exercise	Common Stock	409	$49.66	$20K
Disposition	Common Stock	136	$149.55	$20K
Sale	Common Stock	273	$154.27	$42K
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 409 shares (Direct); Common Stock — 2,164 shares (Direct); Common Stock — 1,487 shares (Indirect, Held in 401(k) plan)

Footnotes (1)

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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).

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 TX 45024

(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)
	KFC Division CEO

3. Date of Earliest Transaction (Month/Day/Year)
11/05/2025

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
Common Stock	11/05/2025		M		409(1)	A	$49.66	2,164	D
Common Stock	11/05/2025		D		136(1)	D	$149.55	2,028	D
Common Stock	11/05/2025		S		273(1)	D	$154.27	1,755	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	$49.66	11/05/2025		M			409(1)	02/05/2020	02/05/2026	Common Stock	409	$0	409	D

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	11/06/2025
	** 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 activity did YUM disclose?

The KFC Division CEO exercised a stock appreciation right for 409 shares at $49.66 and sold 136 shares at $149.55 and 273 shares at $154.27 on 11/05/2025.

Was the YUM insider trading under a 10b5-1 plan?

Yes. The filing notes the transactions were pursuant to a Rule 10b5-1 plan.

How many YUM shares does the insider hold after the transactions?

Post-transaction holdings were 2,028 shares directly and 1,487 shares in a 401(k) plan.

What derivative security did the YUM insider exercise?

A Stock Appreciation Right with an exercise price of $49.66, covering 409 shares.

What were the sale prices for the YUM shares?

Shares were sold at $149.55 and $154.27 on 11/05/2025.

Who is the reporting person in the YUM filing?

The KFC Division CEO, an officer of Yum Brands.