YUM Brands (NYSE: YUM) COO Skeans exercises RSUs, withholds shares

Rhea-AI Filing Summary

YUM Brands executive Tracy L. Skeans, the company’s COO and CPO, reported equity compensation activity on February 9, 2026. She acquired 1,421 shares of common stock through the conversion of restricted stock units at a reference price of $158.90 per share.

To cover associated tax obligations, 561 common shares were withheld, also at $158.90 per share, leaving her with 7,849 directly held common shares. In addition, she reports indirect holdings of 2,103 common shares through a 401(k) plan and 2,970 common shares held via the Skeans Trust.

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^*

Skeans Tracy L

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	COO and CPO

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		1,421	A	$158.9	8,410	D
Common Stock	02/09/2026		F		561	D	$158.9	7,849	D
Common Stock								2,103	I	401(k) Plan
Common Stock								2,970	I	Skeans 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
Restricted Stock Units	(1)	02/09/2026		M			1,421	(2)	(3)	Common Stock	1,421	$0	2,841.88	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. The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.

	/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.
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FAQ

What insider transaction did YUM COO Tracy Skeans report?

Tracy L. Skeans reported acquiring 1,421 YUM common shares on February 9, 2026, from the conversion of restricted stock units. Some shares were then withheld to cover taxes, and updated direct and indirect holdings were disclosed.

How many YUM shares does Tracy Skeans now hold directly?

After the February 9, 2026 transactions, Tracy L. Skeans holds 7,849 YUM common shares directly. This reflects RSU conversion and tax withholding, and represents her updated direct ownership position reported in the Form 4 filing.

What was the price used in Tracy Skeans’ YUM stock transactions?

The Form 4 shows a transaction price of $158.90 per YUM share for both the RSU-related acquisition and the tax withholding. This price is used as the reference value for reporting the non-derivative common stock movements.

How many YUM shares were withheld for taxes in this filing?

The filing reports that 561 YUM common shares were disposed of under code “F,” indicating shares withheld to satisfy tax obligations. These shares were valued at $158.90 each, reducing the net number of shares held directly after the RSU conversion.

What indirect YUM holdings does Tracy Skeans report?

Tracy L. Skeans reports 2,103 YUM common shares held indirectly through a 401(k) plan and 2,970 common shares held indirectly via the Skeans Trust. These positions are separate from her directly owned 7,849 common shares.

What does the restricted stock unit conversion mean for YUM stock?

The RSU conversion means 1,421 restricted stock units granted to Tracy L. Skeans became 1,421 YUM common shares on a one-for-one basis. This reflects previously awarded equity compensation moving into actual share ownership for the executive.