Yum Brands (NYSE: YUM) CEO logs small 257-share open-market stock sale

Filing Impact

(Neutral)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Yum Brands CEO Christopher Lee Turner reported a small open-market sale of company stock. He sold 257 shares of Yum Brands common stock at a price of $154.18 per share in a transaction dated April 1, 2026. The sale was executed pursuant to a Rule 10b5-1 trading plan, indicating it was pre-arranged rather than a discretionary trade. After this transaction, Turner directly holds 64,801.66 shares of Yum Brands common stock, so the sale represents a minor portion of his overall stake.

Insider Trade Summary 10b5-1

Net Seller: 257 shares ($39,624)

Net Sell 1 txn

Insider Turner Christopher Lee

Role CEO, Chairman of Board

Sold 257 shs ($40K)

Type	Security	Shares	Price	Value
Sale	Common Stock	257	$154.18	$40K

Holdings After Transaction: Common Stock — 64,801.66 shares (Direct)

Footnotes (1)

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Key Figures

Shares sold: 257 shares Sale price per share: $154.18 per share Shares held after sale: 64,801.66 shares +2 more

5 metrics

Shares sold 257 shares Open-market sale of common stock on April 1, 2026

Sale price per share $154.18 per share Price for the 257 Yum Brands shares sold

Shares held after sale 64,801.66 shares Direct Yum Brands common stock holdings after transaction

Transaction code S (sale) Classified as open-market or private sale of common stock

Net buy/sell shares -257 shares Net effect of reported transactions is a net sale

Key Terms

Rule 10b5-1, open-market sale, Form 4, non-derivative

4 terms

Rule 10b5-1 regulatory

"A footnote states the sale was made pursuant to a 10b5-1 Plan."

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open-market sale financial

"The transaction_action field identifies this as an 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.

Form 4 regulatory

"This insider activity is reported on SEC Form 4 for Yum Brands."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

non-derivative financial

"The transaction_type is listed as non-derivative common stock."

Form 4 Insider Transactions: What Each Field Means →

04/01/2026 - 02:23 PM

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^*

Turner Christopher Lee

(Last)

(First)

(Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE

KENTUCKY

40213

(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)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	CEO, Chairman of Board

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		S		257⁽¹⁾	D	$154.18	64,801.66	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Pursuant to 10b5-1 Plan

	/s/ Brittany Bodkin, POA	04/01/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Yum Brands (YUM) CEO Christopher Lee Turner do in this Form 4 filing?

Christopher Lee Turner reported selling 257 shares of Yum Brands common stock. The transaction was an open-market sale at $154.18 per share and was carried out under a pre-arranged Rule 10b5-1 trading plan, rather than as a spur-of-the-moment trade.

How many Yum Brands (YUM) shares did the CEO sell and at what price?

The CEO sold 257 shares of Yum Brands common stock at $154.18 per share. This sale was reported as an open-market transaction and reflects only a small fraction of his total direct holdings following the trade.

How many Yum Brands (YUM) shares does the CEO hold after this transaction?

Following the reported sale, Christopher Lee Turner holds 64,801.66 Yum Brands common shares directly. This shows that the 257-share sale was relatively small compared to his remaining ownership position disclosed in the Form 4 filing.

Was the Yum Brands (YUM) CEO’s stock sale under a Rule 10b5-1 plan?

Yes. A footnote specifies the transaction was made pursuant to a Rule 10b5-1 trading plan. Such plans allow executives to pre-schedule trades, which helps separate routine portfolio management from opportunistic market timing when assessing insider activity.

What type of transaction is disclosed in this Yum Brands (YUM) Form 4?

The Form 4 discloses a non-derivative open-market sale of common stock. Christopher Lee Turner sold 257 Yum Brands shares directly owned, at $154.18 per share, with no accompanying option exercises or derivative security transactions reported in this filing.