Yum Brands (NYSE: YUM) CEO receives new stock, RSU and SAR awards

Rhea-AI Filing Summary

Yum Brands CEO and Chairman Christopher Lee Turner reported multiple equity transactions dated February 6, 2026. He acquired 10,643 shares of common stock at $0 per share in a transaction coded "A" and reported 4,213 common shares disposed of in a transaction coded "F" at $162.93 per share, leaving 61,894.66 common shares held directly.

He was also granted 16,879 restricted stock units at $0, which convert into common stock on a one-for-one basis and vest 25% per year beginning one year from the grant date, with no expiration date. In addition, he received 70,895 stock appreciation rights with an exercise price of $162.93 per share, exercisable starting on February 6, 2026 and expiring on February 6, 2036, all held directly.

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

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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)
02/06/2026

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
Common Stock	02/06/2026		A		10,643	A	$0	66,107.66	D
Common Stock	02/06/2026		F		4,213	D	$162.93	61,894.66	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)	02/06/2026		A		16,879		(2)	(3)	Common Stock	16,879	$0	16,879	D
Stock Appreciation Right	$162.93	02/06/2026		A		70,895		(2)	02/06/2036	Common Stock	70,895	$0	70,895	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. This grant does not have an expiration date.

	/s/ M. Gayle Hobson, 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 did Yum Brands (YUM) CEO Christopher Lee Turner report on this Form 4?

Christopher Lee Turner reported new equity awards and share movements. He acquired common stock, restricted stock units, and stock appreciation rights, while also reporting a disposition of common shares, all dated February 6, 2026, and held directly.

How many Yum Brands (YUM) common shares does the CEO hold after these transactions?

Christopher Lee Turner reported holding 61,894.66 common shares directly. This figure reflects his beneficial ownership of Yum Brands common stock after the February 6, 2026 acquisition and disposition transactions listed in Table I of the Form 4.

What restricted stock units did the Yum Brands (YUM) CEO receive?

The CEO received 16,879 restricted stock units at $0 per unit. These units convert into Yum Brands common stock on a one-for-one basis, vesting 25% per year starting one year from the grant date, and the grant has no expiration date.

What are the terms of the Yum Brands (YUM) stock appreciation rights granted to the CEO?

He was granted 70,895 stock appreciation rights at $162.93 per share. The rights are exercisable beginning February 6, 2026, expire on February 6, 2036, and are tied to Yum Brands common stock as the underlying security.

What do the Form 4 transaction codes A and F mean for Yum Brands (YUM) CEO’s trades?

Code “A” indicates an acquisition, while code “F” indicates a disposition. On February 6, 2026, Christopher Lee Turner reported acquiring common stock, restricted stock units, and stock appreciation rights, and separately reported a disposition of common shares using code “F”.

Does the Yum Brands (YUM) CEO hold these securities directly or indirectly?

All reported holdings are listed as directly owned. The Form 4 identifies Christopher Lee Turner’s ownership of common stock, restricted stock units, and stock appreciation rights as “D” for direct, with no indicated indirect ownership entity in the nature of ownership field.