YUM BRANDS INC (YUM) SEC Filings

Form 144 notice for YUM Brands, Inc. An insider proposes to sell 7,176 shares of common stock through Merrill Lynch on the NYSE, with an aggregate market value of $1,074,965 and an approximate sale date of 09/15/2025. The securities were acquired in two SAR exercise-and-sale transactions on 02/05/2016 (5,200 shares) and 05/20/2016 (1,976 shares). The filer also disclosed two prior sales within the past three months: 7,106 shares on 08/15/2025 and 7,117 shares on 07/15/2025, each generating gross proceeds of about $1.04M. The form includes the required representation that the seller is not aware of undisclosed material adverse information.

Yum Brands, Inc. has appointed Ranjith Roy as its new Chief Financial Officer, effective October 1, 2025. He will serve as principal financial officer with global responsibility for finance operations.

Roy, age 45, currently serves as Chief Strategy Officer & Treasurer and previously was CFO of ecommerce marketplace Goldbelly, Inc. He also spent about 15 years at Goldman Sachs in senior investment banking roles focused on restaurants and food-related businesses.

Under his offer letter, Roy will receive an annual base salary of $700,000, plus an annual cash bonus targeted at 100% of base salary and capped at three times the target, prorated for 2025 while he serves as CFO. His expected 2026 long-term equity award has a grant date fair value of $1,500,000, split among stock appreciation rights (25%), restricted stock units (25%) and performance share units (50%) for the 2026–2028 period. He is also eligible for standard executive benefit and deferral programs.

YUM! Brands, Inc. filed a current report to disclose that on September 3, 2025, the Company issued a press release announcing its intention to refinance certain notes that were issued under its existing securitization financing facility. The filing does not provide terms or amounts, but indicates the Company is planning changes to how some of its securitized debt is financed. The press release outlining this planned refinancing is attached to the report as an exhibit and incorporated by reference.

Scott Mezvinsky, identified as KFC Division CEO of Yum! Brands (YUM), reported multiple transactions dated 09/02/2025. The filing shows a non-derivative acquisition of 409 shares (reported code M) at $49.66 and two dispositions: 139 shares disposed at $146.26 and 270 shares sold at $145.27. After these transactions the reporting person’s direct beneficial ownership is reported as 1,755 shares, with 1,487 held indirectly in a 401(k) plan. The filing also reports a stock appreciation right (SAR) series with exercise price $49.66 covering 409 underlying shares, exercisable from 02/05/2020 and expiring 02/05/2026, leaving 1,227 SARs held directly. The report notes the transactions were made pursuant to a 10b5-1 plan and is signed by a power of attorney.

Insider sale notice: A Form 144 was filed reporting a proposed sale of 270 shares of Yum! Brands, Inc. common stock through Merrill Lynch (Columbus, OH) with an aggregate market value of $39,222, and an approximate sale date of 09/02/2025. The shares were acquired on 02/05/2016 via a SAR exercise and sale from Yum! Brands Inc., and payment type is listed as Stock. The filing also lists prior sales by Scott Mezvinsky of 268, 272, and 263 shares on 06/04/2025, 07/01/2025, and 08/06/2025 respectively, with gross proceeds shown for each transaction.

Yum! Brands announced that its Board appointed Christopher Turner as a director. The Board made the appointment on August 22, 2025 with an effective date of October 1, 2025. The filing states there is no arrangement or understanding between Mr. Turner and any other person regarding his selection as a director. A press release announcing the appointment is attached as Exhibit 99.1.

Tracy L. Skeans, COO and CPO of Yum! Brands (YUM), reported multiple transactions dated 08/15/2025. The filing shows an award of 22,552 stock appreciation rights (SARs) with a $68 exercise/conversion price, of which 16,181 SARs are reported as beneficially owned following the transaction. On the same date the form records non-derivative activity: a grant or acquisition labeled 22,552 shares at $68, a disposition of 10,332 shares at $148.43 leaving 12,220 shares, and a sale of 12,220 shares at $148.24 reducing direct common stock holdings to 0. The report also lists indirect holdings of 2,103 shares through a 401(k) plan and 2,970 shares in the Skeans Trust. The form includes an explanation that vesting occurs 25% per year beginning one year from grant.

Yum! Brands CEO and director David W. Gibbs reported multiple transactions in YUM common stock on 08/15/2025 executed pursuant to a 10b5-1 plan. The filing shows exercises/settlements of Stock Appreciation Rights (SARs) at exercise prices of $49.66 (7,788 SARs) and $56.67 (3,184 SARs). Proceeds-funded or plan-driven acquisitions are marked Code M, and several disposals/sales occurred the same day at prices around $146.77–$146.84 (aggregate reported sales: 7,106 shares). Following the reported transactions the filing lists 102,893.15 shares beneficially owned directly. The report discloses two trusts (DWG and SJG) holding 72,499 and 48,394 shares indirectly and notes SAR vesting of 25% per year from grant.

YUM filer submitted a Form 144 notifying a proposed sale of 12,220 common shares, scheduled approximately for 08/15/2025. The filing lists the broker as Merrill (8890 Lyra Dr, Columbus, OH) and reports an aggregate market value of $1,811,513.00 for the shares. The securities were acquired on 02/10/2017 via a stock option exercise from Yum! Brands Inc and the intended payment form is shares. The filing shows 279,101,936 shares outstanding, making the proposed sale roughly 0.0044% of outstanding common stock. No sales by the same person are reported in the prior three months.