Yum Brands (YUM) CLO converts 199 RSUs, disposes of 61 shares

Rhea-AI Filing Summary

Yum Brands Inc.'s Chief Legal Officer and Corporate Secretary Erika Burkhardt reported equity transactions dated February 9, 2026. She converted 199 restricted stock units into the same number of common shares at a reported price of $158.90 per share.

On the same date, a separate transaction coded F shows the disposition of 61 common shares at $158.90 per share. After these transactions, she directly beneficially owned 202 common shares and 400.09 restricted stock units, with the RSUs converting to common stock on a one-for-one basis.

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^*

Burkhardt Erika

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TX 75024

(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)
	Chief Legal Officer & Corp Sec

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		199	A	$158.9	263	D
Common Stock	02/09/2026		F		61	D	$158.9	202	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			199	02/09/2025(2)	02/09/2028	Common Stock	199	$0	400.09	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.

	/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.
* 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 transactions did YUM Chief Legal Officer Erika Burkhardt report?

Erika Burkhardt reported converting 199 restricted stock units into 199 common shares and a separate disposition of 61 common shares, both dated February 9, 2026, at a reported price of $158.90 per share.

How many Yum (YUM) shares does Erika Burkhardt own after the Form 4?

Following the reported transactions, Erika Burkhardt directly beneficially owned 202 shares of Yum common stock. She also held 400.09 restricted stock units, which the filing states convert into common stock on a one-for-one basis when they settle.

What does the 199-share transaction on Yum (YUM) Form 4 represent?

The 199-share transaction is coded M and reflects 199 restricted stock units converting into 199 shares of Yum common stock on February 9, 2026, with a reported price of $158.90 per share in the non-derivative table.

What is the 61-share disposition reported by Erika Burkhardt at Yum (YUM)?

The filing lists a transaction coded F for the disposition of 61 Yum common shares on February 9, 2026. The reported transaction price is $158.90 per share, and the transaction is shown as directly owned.

How are Erika Burkhardt’s Yum (YUM) restricted stock units structured?

The derivative table shows restricted stock units converting into Yum common stock on a one-for-one basis. A footnote states vesting occurs at 25% per year, beginning one year from the grant date, with 400.09 RSUs remaining after the transaction.

What ownership form is reported for Erika Burkhardt’s Yum (YUM) transactions?

All reported common stock and restricted stock unit positions for Erika Burkhardt are designated as direct ownership. The Form 4 tables list the ownership form as D for both the non-derivative common shares and the derivative restricted stock units.