YUM Brands (NYSE: YUM) CFO exercises RSUs, uses 91 shares for taxes

Rhea-AI Filing Summary

YUM Brands Inc. Chief Financial Officer Ranjith Roy reported routine equity compensation activity involving restricted stock units (RSUs) and common shares. He exercised RSUs covering 366 shares of common stock and, in a related step, 91 common shares were disposed of to cover tax obligations.

After these transactions, he directly holds 877 shares of common stock and 364.39 RSUs remain outstanding. The tax-withholding disposition is not an open-market sale and reflects shares delivered to satisfy tax liabilities tied to the RSU vesting and exercise.

Insider Trade Summary

366 shares exercised/converted

Mixed 3 txns

Insider Roy Ranjith

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	366	$0.00	--
Exercise	Common Stock	366	$149.97	$55K
Tax Withholding	Common Stock	91	$149.97	$14K

Holdings After Transaction: Restricted Stock Units — 364.39 shares (Direct, null); Common Stock — 877 shares (Direct, null)

Footnotes (1)

1. Conversion occurs on a one-for-one basis. Vesting occurs 33% per year beginning one year from grant date.

Key Figures

Tax-withholding shares: 91 shares RSUs exercised: 366 shares Share price for tax withholding: $149.97 per share +2 more

5 metrics

Tax-withholding shares 91 shares Common Stock disposed to cover tax liability at $149.97 per share

RSUs exercised 366 shares Restricted Stock Units converted into Common Stock on one-for-one basis

Share price for tax withholding $149.97 per share Price associated with 91-share tax-withholding disposition

Common shares after transactions 877 shares Total Common Stock directly held following Form 4 transactions

RSUs remaining 364.39 units Restricted Stock Units outstanding after the reported RSU exercise

Key Terms

Restricted Stock Units, derivative security, tax-withholding disposition, Conversion occurs on a one-for-one basis, +1 more

5 terms

Restricted Stock Units financial

"security_title: "Restricted Stock Units""

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

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.

tax-withholding disposition financial

"transaction_action: "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

Conversion occurs on a one-for-one basis financial

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

Vesting occurs 33% per year financial

"footnote: "Vesting occurs 33% per year beginning one year from grant date.""

Form 4 Insider Transactions: What Each Field Means →

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^*

Roy Ranjith

(Last) (First) (Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE KENTUCKY 40213

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/16/2026

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	05/16/2026		M		366	A	$149.97	877	D
Common Stock	05/16/2026		F		91	D	$149.97	786	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)	05/16/2026		M			366	(2)	05/16/2027	Common Stock	366	$0	364.39	D

Explanation of Responses:

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

2. Vesting occurs 33% per year beginning one year from grant date.

	/s/ Brittany Bodkin, POA	05/19/2026
	** 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)

FAQ

What insider transactions did YUM (YUM) CFO Ranjith Roy report?

Ranjith Roy reported RSU-related equity activity, exercising restricted stock units into 366 common shares while 91 shares were disposed of to cover tax liabilities. These transactions are compensation-related, not open‑market trades, and reflect standard handling of vested RSUs and associated taxes.

How many YUM (YUM) shares does the CFO hold after this Form 4?

After the reported transactions, the CFO holds 877 common shares directly. In addition, 364.39 restricted stock units remain outstanding, which may convert into common stock in the future based on their vesting schedule and the one‑for‑one conversion terms disclosed.

Was there an open-market sale of YUM (YUM) stock by the CFO?

The filing shows a tax-withholding disposition of 91 shares at a reported price of $149.97 per share. This F‑code transaction reflects shares delivered for tax obligations tied to RSU vesting, not a discretionary open‑market sale for investment purposes.

What RSU activity did the YUM (YUM) Form 4 disclose?

The Form 4 reports the exercise of 366 restricted stock units into the same number of common shares on a one‑for‑one basis. Vesting for these RSUs occurs at 33% per year beginning one year from the grant date, according to the footnote disclosure.

What do the vesting terms on YUM (YUM) RSUs mean for the CFO?

The vesting terms indicate RSUs vest 33% per year starting one year from grant, gradually delivering common shares over time. This schedule ties equity compensation to continued service and performance, with future shares delivered as each vesting tranche is satisfied.