Item 5. Other Information
Item 5. Other Information
Securities Trading Plans
During the three months ended March 31, 2026, 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:
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Name/Title Type of Plan Adoption Date End Date Aggregate Number of
Securities to be Sold Plan Description
Tracy Skeans / Chief Operating Officer & Chief People & Culture Officer
Rule 10b5-1 trading plan
February 7, 2026 December 31, 2026 6,088 (1)
Sale Shares of Common Stock
10,472 (2)
Sale of Shares of Common Stock
26,660 (3)
Exercise of Stock Appreciation Rights and Sale of Resulting Shares of Common Stock
David Russell /SVP, Finance & Corporate Controller
Rule 10b5-1 trading plan
February 12, 2026 August 31, 2027 41,312 (3)
Exercise of Stock Appreciation Rights and Sale of Resulting Shares of Common Stock
Aaron Powell / Chief Executive Officer, Pizza Hut Division
Rule 10b5-1 trading plan
February 17, 2026 December 31, 2026 24,005 (1)
Sale of Shares of Common Stock
(1) Represents the number of shares of common stock specified in the plan.
(2) Represents the target number of common shares underlying Performance Share Units specified in the Plan. The actual number of shares received and sold following distribution will depend on the target quantity adjusted based on performance multipliers. The shares distributed may be equal to, greater than, or less than the target quantity specified in the Plan.
(3) Represents the number of shares of common stock underlying the stock appreciation rights awards specified in the plan. 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.
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Item 6. Exhibits
(a) Exhibit Index
Exhibit No. Exhibit Description
15 Letter from KPMG LLP regarding Unaudited Interim Financial Information (Acknowledgement of Independent Registered Public Accounting Firm).
10.1† YUM! Brands Executive Income Deferral Program, Plan Document for the 409A Program, as effective January 1, 2005, and as Amended and Restated as of January 1, 2026, as attached herein.
10.2† YUM! Brands, Inc. 2025 Long Term Incentive Plan Form of Global YUM! Non-Qualified Stock Option Agreement (2026), as attached herein.
10.3† YUM! Brands, Inc. 2025 Long Term Incentive Plan Form of Global YUM! Stock Appreciation Rights Agreement (2026), as attached herein.
10.4† YUM! Brands, Inc. 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement (2026), as attached herein.
10.5† YUM! Brands Inc. 2025 Long Term Incentive Plan Form of Global Performance Share Unit Agreement (2026), as attached herein.
10.6† YUM! Brands, Inc. 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – Three Year Cliff Vesting (2026), as attached herein.
10.7† YUM! Brands, Inc. 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – Sign on (2026), as attached herein.
10.8† YUM! Brands, Inc. 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – CEO Award (2026), as attached herein.
10.9† YUM! Brands Leadership Retirement Plan, Plan Document for the 409A Program, as effective January 1, 2005, and as amended and restated as of January 1, 2026, as attached herein.
10.10† Retention Bonus Agreement dated October 26, 2025, between the Company and Aaron Powell, as attached herein.
31.1 Certification of the Chief Executive Officer pursuant to Rule 13a-14(a) of Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2 Certification of the Chief Financial Officer pursuant to Rule 13a-14(a) of Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1 Certification of the Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2 Certification of the Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH XBRL Taxonomy Extension Schema Document
101.CAL XBRL Taxonomy Extension Calculation Linkbase Document
101.LAB XBRL Taxonomy Extension Label Linkbase Document
101.PRE XBRL Taxonomy Extension Presentation Linkbase Document
101.DEF XBRL Taxonomy Extension Definition Linkbase Document
† Indicates a management contract or compensatory plan.
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SIGNATURES
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.
YUM! BRANDS, INC.
(Registrant)
Date: May 5, 2026 /s/ David Russell
Senior Vice President, Finance and Corporate Controller
(Principal Accounting Officer)
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