Skeans Tracy L 4

What Happened

• Tracy L. Skeans, Chief Operating Officer and Chief People Officer of YUM Brands (YUM), was granted a total of 43,360 shares/units on 2026-02-06 (three awards: 10,643 shares, 6,292 derivative units, and 26,425 derivative units). These awards show an acquisition price of $0.00 (awarded, not purchased).
• On the same date, 3,654 shares were disposed at $162.93 each (total value $595,346) to satisfy tax withholding associated with the award (transaction code F). The awards are reported as derivative/time-based equity that will convert to common shares on a one-for-one basis.

Key Details

• Transaction date: 2026-02-06.
• Awards received: 10,643 shares (direct award), plus 6,292 and 26,425 derivative awards (total 43,360).
• Tax withholding: 3,654 shares withheld/disposed at $162.93 each for $595,346.
• Acquisition price for awards: $0.00 (awarded stock/units).
• Shares owned after transaction: not disclosed in the provided filing excerpt.
• Footnotes: F1 — derivative units convert one-for-one to common shares; F2 — vesting occurs 25% per year beginning one year from grant; F3 — one of the grants does not have an expiration date.
• Filing timeliness: no late-filing indication in the provided data.

Context

• The awards are grants (not open-market purchases) and are typically part of executive compensation. The withheld shares (code F) represent a routine tax-withholding event rather than an open-market sale; this is common when equity awards vest or convert.
• Derivative awards will convert to actual shares on a one-for-one basis and vest over four years (25% per year), so the full economic benefit is realized over time rather than immediately.