1 unchanged sentence
Securities Trading Plans
−Removed: During the three months ended March 31, 2025, none of the Company’s directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408 (c) of Regulation S-K except as follows:
−Removed: Name/Title Type of Plan Adoption Date End Date Aggregate Number of
−Removed: Securities to be Sold Plan Description
−Removed: Scott Mezvinsky / Chief Executive Officer, KFC Global
−Removed: Rule 10b5-1 trading plan
−Removed: March 5, 2025 December 31, 2025 2,865 (1)
−Removed: Exercise of Stock Appreciation Rights
−Removed: and Sale of Resulting Shares
−Removed: (1) Represents the number of shares of common stock underlying the stock appreciation rights awards specified in the plan.
−Removed: The actual number of shares of common stock to be received and sold following the exercise of the awards will depend upon the appreciation in the value of the awards and the number of shares withheld for any taxes.
+Added: During the three months ended June 30, 2025, none of the Company’s directors or executive officers adopted or terminated any contract, instruction or written plan for the purchase or sale of Company securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408 (c) of Regulation S-K.
(a) Exhibit Index
Exhibit Description
−Removed: Separation Agreement, General Release and Covenant Not to Sue, dated as of August 13, 2024, and revised as of August 16, 2024, by and between Yum Restaurant Services Group, LLC and Scott Catlett, as attached herein.
−Removed: Resignation and Transition Services Agreement, dated as of January 10, 2025, by and between Kentucky Fried Chicken Canada Company, YUM!
−Removed: and Sabir Sami, which is incorporated herein by reference from Exhibit 10.24† to YUM’s Report on Form 10-K filed on February 19, 2025 .
+Added: 2025 Long Term Incentive Plan, effective as of May 15, 2025, which is incorporated herein by reference to Appendix A to the Company’s Proxy Statement dated April 4, 2025.
+Added: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – Three Year Cliff Vesting (2025), as effective May 20, 2025, as attached herein.
+Added: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – Sign on (2025), as effective May 20 2025, as attached herein.
+Added: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – CEO Award (2025), as effective May 20, 2025, as attached herein.
+Added: 10.5† CEO Offer Letter dated June 13, 2025, between the Company and Christopher Turner, as attached herein.
15 Letter from KPMG LLP regarding Unaudited Interim Financial Information (Acknowledgement of Independent Registered Public Accounting Firm).
13 unchanged sentences
Pursuant to the requirement of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, duly authorized officer of the registrant.
−Removed: May 6, 2025 /s/ David Russell
+Added: August 7, 2025 /s/ David Russell
Senior Vice President, Finance and Corporate Controller
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.