Turner Christopher Lee 4

What Happened

• Christopher Lee Turner, CEO, Chairman of the Board and Director of Yum Brands (YUM), received equity awards totaling 98,417 shares on 2026-02-06 (10,643 shares + 16,879 derivative + 70,895 derivative). On the same date he surrendered 4,213 shares at $162.93/share (disposed) to cover tax withholding, valued at $686,424. The grants are reported as awards/grants (code A); the surrendered shares are reported under code F (tax withholding).

Key Details

• Transaction date: 2026-02-06; Form 4 filed 2026-02-09 (timely).
• Awarded shares: 10,643 (direct) + 16,879 (derivative) + 70,895 (derivative) = 98,417 total awarded; acquisition price $0 (grant).
• Withheld/surrendered shares: 4,213 shares disposed at $162.93/share = $686,424 (tax withholding).
• Footnotes from the filing:
  • Conversion is one-for-one (F1).
  • Vesting: 25% per year beginning one year from grant date (F2).
  • This grant does not have an expiration date (F3).
• Shares owned after the transaction: not specified in the provided filing details.

Context

• The awards are derivative/award grants (likely restricted or performance-based units converted one-for-one to common shares and subject to multi-year vesting); the filing shows a standard vesting schedule rather than an immediate sale.
• The 4,213-share disposition is a routine tax-withholding action (code F), not an open-market sale signaling a change in investment stance.