Yum Brands (YUM) officer exercises 23,163 rights and sells stock
Rhea-AI Filing Summary
Yum Brands senior vice president and controller David Eric Russell exercised 23,163 stock appreciation rights at 68.0000 per share into common stock, then returned 15,202 shares to the issuer at 153.2800 per share and sold 7,961 shares at 153.1500 per share. All transactions were executed under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Russell David Eric
Role
Sr. Vice President, Controller
Sold
7,961 shs ($1.22M)
Approx. gross sale proceeds
$1.22M
Approx. exercise cost
$1.58M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right F1, F2 | 23,163 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 23,163 | $68.00 | $1.58M |
| Disposition | Common Stock F1 | 15,202 | $153.28 | $2.33M |
| Sale | Common Stock F1 | 7,961 | $153.15 | $1.22M |
Holdings After Transaction:
Stock Appreciation Right — 0 shares (Direct);
Common Stock — 11,960 shares (Direct)
Footnotes (2)
- F1. Pursuant to 10b5-1 Plan
- F2. Vesting occurs 25% per year beginning one year from grant date.
Key Figures
Stock appreciation rights exercised: 23,163 shares
Common shares acquired from exercise: 23,163 shares
Shares disposed to issuer: 15,202 shares
+3 more
6 metrics
Stock appreciation rights exercised
23,163 shares
Shares underlying Stock Appreciation Right exercised on 2026-08-03 at 68.0000 per share
Common shares acquired from exercise
23,163 shares
Common stock acquired via derivative exercise on 2026-08-03 at 68.0000 per share
Shares disposed to issuer
15,202 shares
Common stock disposition to issuer on 2026-08-03 at 153.2800 per share
Shares sold
7,961 shares
Common stock sale on 2026-08-03 at 153.1500 per share
Exercise price of stock appreciation right
68.0000 per share
Conversion or exercise price for the Stock Appreciation Right exercised
Net buy/sell shares
-7,961 shares
Net of reported share purchases and sales in this Form 4
Key Terms
Rule 10b5-1 Plan, Stock Appreciation Right, Disposition to issuer
3 terms
Rule 10b5-1 Plan regulatory
"Footnote states: "Pursuant to 10b5-1 Plan""
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
Stock Appreciation Right financial
"A security titled Stock Appreciation Right was exercised for common stock"
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
Disposition to issuer financial
"Transaction code D is described as a Disposition to issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did David Eric Russell report for YUM on this Form 4?
David Eric Russell reported exercising 23,163 stock appreciation rights at 68.0000 per share into common stock, then disposing 15,202 shares to Yum Brands at 153.2800 per share and selling 7,961 shares at 153.1500 per share under a Rule 10b5-1 plan.
How many Yum Brands (YUM) stock appreciation rights did Russell exercise and at what price?
He exercised 23,163 stock appreciation rights, converting them into common stock at an exercise price of 68.0000 per share. This fully used the reported stock appreciation right position tied to this transaction date.
Were the reported YUM transactions made under a Rule 10b5-1 plan?
Yes. The filing’s Rule 10b5-1 checkbox is marked true, and a footnote states “Pursuant to 10b5-1 Plan” for the reported transactions. This indicates they were executed under a pre-arranged trading plan.
What happened to Russell’s Yum Brands stock appreciation right position after these transactions?
After exercising 23,163 stock appreciation rights, the reported derivative holding shows 0 shares remaining. This indicates the specific stock appreciation right grant tied to this transaction was fully exercised.