1 unchanged sentence
Securities Trading Plans
−Removed: 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:
−Removed: Name/Title Type of Plan Adoption Date End Date Aggregate Number of
+Added: During the three months ended June 30, 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:
+Added: Name / Title Type of Plan Adoption / Termination Date End Date Aggregate Number of
Securities to be Sold Plan Description
−Removed: Tracy Skeans / Chief Operating Officer & Chief People & Culture Officer
−Removed: Rule 10b5-1 trading plan
−Removed: February 7, 2026 December 31, 2026 6,088 (1)
−Removed: Sale Shares of Common Stock
−Removed: Sale of Shares of Common Stock
−Removed: Exercise of Stock Appreciation Rights and Sale of Resulting Shares of Common Stock
−Removed: David Russell /SVP, Finance & Corporate Controller
−Removed: Rule 10b5-1 trading plan
−Removed: February 12, 2026 August 31, 2027 41,312 (3)
−Removed: Exercise of Stock Appreciation Rights and Sale of Resulting Shares of Common Stock
−Removed: Aaron Powell / Chief Executive Officer, Pizza Hut Division
−Removed: Rule 10b5-1 trading plan
−Removed: February 17, 2026 December 31, 2026 24,005 (1)
+Added: Tracy Skeans / Chief Operating Officer & Chief People & Culture Officer Rule 10b5-1 trading plan May 21, 2026 (1)
+Added: December 31, 2026 3,494 (2)
Sale of Shares of Common Stock
−Removed: (1) Represents the number of shares of common stock specified in the plan.
−Removed: (2) Represents the target number of common shares underlying Performance Share Units specified in the Plan.
−Removed: The actual number of shares received and sold following distribution will depend on the target quantity adjusted based on performance multipliers.
−Removed: The shares distributed may be equal to, greater than, or less than the target quantity specified in the Plan.
−Removed: (3) Represents the number of shares of common stock underlying the stock appreciation rights awards specified in the plan.
+Added: Exercise of Stock Appreciation Rights and Sales of Resulting Shares of Common Stock
+Added: (1) On May 21, 2026, Tracy Skeans, Chief Operating Officer and Chief People & Culture Officer, modified a trading arrangement she had previously adopted with respect to the sale of securities of the Company's common stock (a "Rule 10b5-1 Trading Plan").
+Added: Skeans' initial Rule 10b5-1 Trading Plan was adopted on February 7, 2026.
+Added: The modification reduced the number of shares covered by 3,495 shares.
+Added: The plan includes a minimum 90-day cooling off period from the date of modification.
+Added: (2) Represents the number of shares of common stock specified in the modified plan.
+Added: (3) Represents the number of shares of common stock underlying the stock appreciation rights awards specified in the modified 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.
1 unchanged sentence
Exhibit Description
+Added: 2.1* Equity Purchase Agreement, dated as of June 16, 2026, by and between Yum!
+Added: and Toppings TopCo, LLC.
+Added: 2.2* Membership Interest Purchase Agreement, dated as of June 16, 2026, between Yum China Holdings, Inc.
+Added: 10.1† Transition and Retirement Agreement, dated May 28, 2026, between the Company and Tracy Skeans, as attached herein
15 Letter from KPMG LLP regarding Unaudited Interim Financial Information (Acknowledgement of Independent Registered Public Accounting Firm) .
−Removed: 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.
−Removed: 2025 Long Term Incentive Plan Form of Global YUM!
−Removed: Non-Qualified Stock Option Agreement (2026), as attached herein.
−Removed: 2025 Long Term Incentive Plan Form of Global YUM!
−Removed: Stock Appreciation Rights Agreement (2026), as attached herein.
−Removed: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement (2026), as attached herein.
−Removed: 2025 Long Term Incentive Plan Form of Global Performance Share Unit Agreement (2026), as attached herein.
−Removed: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – Three Year Cliff Vesting (2026), as attached herein.
−Removed: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – Sign on (2026), as attached herein.
−Removed: 2025 Long Term Incentive Plan Form of Global Restricted Stock Unit Agreement – CEO Award (2026), as attached herein.
−Removed: 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.
−Removed: 10.10† Retention Bonus Agreement dated October 26, 2025, between the Company and Aaron Powell, as attached herein.
−Removed: 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.
+Added: 31.1 C ertifica tion of the Chief Executive Off icer pursuant to Rule 13 a-14(a) of Secu riti es 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.
10 unchanged sentences
† Indicates a management contract or compensatory plan.
+Added: * Schedules (or similar attachments) have been omitted from this filing pursuant to Item 601(a)(5) of Regulation S-K.
+Added: The registrant hereby undertakes to furnish supplemental copies of any of the omitted schedules (or similar attachments) upon request by the U.S.
+Added: Securities and Exchange Commission.
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 5, 2026 /s/ David Russell
+Added: August 4, 2026 /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.