Brands Inc (NYSE: YUM) chief legal officer exercises RSUs

Rhea-AI Filing Summary

BRANDS INC’s chief legal officer Erika Burkhardt reported equity compensation transactions dated February 10, 2026. She exercised restricted stock units that converted one-for-one into 91 and 536 shares of common stock at a reported price of $158.85 per share.

To cover tax obligations, she disposed of 28 and 149 shares of common stock, also at $158.85 per share, through share withholding. After these transactions, she directly held 652 shares of common stock, with additional restricted stock units remaining outstanding.

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)
02/10/2026

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	02/10/2026		M		91	A	$158.85	293	D
Common Stock	02/10/2026		F		28	D	$158.85	265	D
Common Stock	02/10/2026		M		536	A	$158.85	801	D
Common Stock	02/10/2026		F		149	D	$158.85	652	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)	02/10/2026		M			91	02/10/2024(2)	10/02/2024	Common Stock	91	$0	91.37	D
Restricted Stock Units	(1)	02/10/2026		M			536	(2)	02/10/2029	Common Stock	536	$0	1,613.78	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/ M. Gayle Hobson, POA	02/12/2026
	** 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).
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FAQ

What insider transaction did Erika Burkhardt report for YUM on this Form 4?

Erika Burkhardt reported exercising restricted stock units into common stock and disposing of some shares for taxes. On February 10, 2026, RSUs converted into 91 and 536 shares, and 28 and 149 shares were withheld to satisfy tax liabilities at $158.85 per share.

How many YUM common shares does Erika Burkhardt hold after the February 10, 2026 transactions?

After the reported transactions, Erika Burkhardt directly holds 652 shares of YUM common stock. This figure reflects RSU conversions minus shares withheld to cover tax obligations, as disclosed in the non-derivative securities table on the Form 4 filing.

What prices were used for Erika Burkhardt’s YUM Form 4 share transactions?

The reported price for all common stock entries on the Form 4 is $158.85 per share. That price applies both to shares acquired through RSU conversion and to shares disposed of to satisfy tax withholding obligations associated with those equity awards.

What derivative securities are involved in Erika Burkhardt’s YUM Form 4 filing?

The filing involves restricted stock units that convert into YUM common stock on a one-for-one basis. The RSUs vest 25% per year beginning one year from the grant date, and exercises on February 10, 2026 delivered 91 and 536 underlying common shares.

What do the transaction codes M and F mean in Erika Burkhardt’s YUM Form 4?

Code M indicates exercise or conversion of a derivative security, here restricted stock units converting into common shares. Code F indicates disposition of shares to pay exercise price or tax liability, reflecting share withholding rather than an open-market sale.