[Form 4] YUM BRANDS INC Insider Trading Activity

Yum Brands director Tanya Domier exercised derivative awards to acquire common stock.

Rhea-AI Filing Summary

Yum Brands director Tanya Domier exercised derivative awards to acquire common stock. On this date, she converted 2,787 Phantom Stock units into 2,787 shares of Common Stock on a one-for-one basis. Following the transactions, she holds 7,744 common shares indirectly through a trust and 0.9048 Phantom Stock units directly.

Insights

Equity compensation analyst

Director exercised 2,787 phantom units into shares, a routine equity move.

Tanya Domier, a director of Yum Brands, exercised 2,787 Phantom Stock units, converting them one-for-one into 2,787 shares of Common Stock. The exercise price on the derivative was reported as $0.0000, consistent with cash-settled or deferred-style awards.

The newly acquired shares are held indirectly in a trust, with 7,744 common shares shown after the transaction. No open-market buys or sells were reported, and no remaining derivative positions are listed beyond 0.9048 Phantom Stock units. Overall, this looks like scheduled compensation activity rather than a directional market trade.

Insider Trade Summary

2,787 shares exercised/converted

Exercise 2 txns

Insider Domier Tanya

Role Director

Type	Security	Shares	Price	Value
Exercise	Phantom Stock	2,787	$0.00	$0.00
Exercise	Common Stock	2,787	$155.48	$433K

Holdings After Transaction: Phantom Stock — 0.9048 contracts (Direct); Common Stock — 7,744 shares (Indirect, Trust)

Footnotes (3)

1. F1. Conversion occurs on a one-for-one basis.
2. F2. Payments are made in accordance with elections on file.
3. F3. The Program does not have specified expiration dates.

Key Figures

Phantom units exercised: 2,787 units Shares acquired via conversion: 2,787 shares Reported share price: $155.48/share +3 more

6 metrics

Phantom units exercised 2,787 units Converted into Common Stock on a one-for-one basis

Shares acquired via conversion 2,787 shares Common Stock received from Phantom Stock exercise

Reported share price $155.48/share Price per share on Common Stock transaction entry

Common shares after transaction 7,744 shares Indirectly held through a trust

Phantom Stock remaining 0.9048 units Direct holdings after the exercise

Exercise transactions 1 derivative, 1 non-derivative Both coded as M for exercise/conversion

Key Terms

Phantom Stock, derivative security, Trust, one-for-one basis, +1 more

5 terms

Phantom Stock financial

"security_title: "Phantom Stock""

A phantom stock is a form of compensation that gives employees or executives the benefits of stock ownership, such as the increase in stock value, without actually giving them real shares. It acts like a promise to pay the employee the equivalent value of company stock later, often as a bonus or incentive. This allows companies to motivate and reward staff without diluting ownership or transferring actual shares.

derivative security financial

"transaction_code_description: "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Trust financial

"nature_of_ownership: "Trust""

A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.

one-for-one basis financial

"Conversion occurs on a one-for-one basis."

payments are made in accordance with elections on file financial

"Payments are made in accordance with elections on file."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Tanya Domier do in this Yum Brands (YUM) Form 4 filing?

Tanya Domier exercised 2,787 Phantom Stock units, converting them into 2,787 shares of Yum Brands Common Stock. The filing shows this as a derivative exercise, not an open-market purchase or sale, and treats it as part of her equity compensation.

How many Yum Brands (YUM) shares does Tanya Domier hold after the transactions?

After the reported transactions, Tanya Domier indirectly holds 7,744 shares of Yum Brands Common Stock through a trust. She also retains a small balance of 0.9048 Phantom Stock units, reflecting a residual derivative position following the main conversion.

Were there any open-market buys or sells by Tanya Domier in Yum Brands (YUM)?

The Form 4 does not report any open-market buys or sells by Tanya Domier. Instead, it shows a derivative exercise, converting Phantom Stock into Common Stock, which is typically considered routine compensation activity rather than a discretionary market trade.

What is Phantom Stock in the context of Yum Brands (YUM) director compensation?

In this context, Phantom Stock represents a derivative award that tracks Yum Brands Common Stock value. The filing states it converts on a one-for-one basis into common shares, with payments made according to elections on file, and the program does not have specified expiration dates.

How many Phantom Stock units did Tanya Domier convert in this Yum Brands (YUM) filing?

Tanya Domier converted 2,787 Phantom Stock units into 2,787 shares of Yum Brands Common Stock. The conversion occurs on a one-for-one basis, as noted in the footnotes, and is reported as an exercise or conversion of a derivative security.

How is ownership of Yum Brands (YUM) shares structured for Tanya Domier after this Form 4?

Post-transaction, Tanya Domier’s Yum Brands holdings include 7,744 Common Stock shares held indirectly through a trust and 0.9048 Phantom Stock units held directly. The trust structure is noted in the filing under the nature of indirect ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/02/2026 - 12:19 PM Learn about SEC filing dates

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^*

Domier Tanya

(Last) (First) (Middle)

18100 VON KARMAN

(Street)

IRVINE CALIFORNIA 92612

(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
	Officer (give title below)		Other (specify below)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		M		2,787	A	$155.48	7,744	I	Trust

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
Phantom Stock	(1)	04/01/2026		M			2,787	(2)	(3)	Common Stock	2,787	$0	0.9048	D

Explanation of Responses:

1. Conversion occurs on a one-for-one basis.

2. Payments are made in accordance with elections on file.

3. The Program does not have specified expiration dates.

	/s/ M. Gayle Hobson, POA	04/02/2026
	** 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)