Cornell Brian C 4

What Happened Brian C. Cornell, a director of Yum Brands, received two grants on 2026-02-06: 1,718.529 and 1,043.393 phantom shares (total 2,761.922 units). Both grants are reported as derivative awards with an acquisition price of $0.00, i.e., they are compensation awards rather than purchases. No cash value or immediate cash transaction was reported in the Form 4.

Key Details

• Transaction date: 2026-02-06; Form 4 filed: 2026-02-09 (timely).
• Awards: 1,718.529 and 1,043.393 phantom units; total 2,761.922 units; price reported $0.00 (code A = award/grant).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Conversion occurs on a one-for-one basis (units convert to shares 1:1 when/if settled).
  • F2: Payments/settlement are made according to elections on file (could be cash or stock per the director’s elections).
  • F3: Phantom units under the Director Deferred Compensation Plan do not have expiration dates.
• Filing appears timely (no late-filing indication).

Context These are deferred-compensation “phantom” unit awards commonly granted to directors as part of board pay; they are not open-market purchases or sales and do not necessarily reflect buying or selling sentiment. As derivative awards, they typically convert to shares (or cash equivalent) per the plan and the director’s payment elections.