GRADDICK WEIR MIRIAN M 4

What Happened

• Mirian M. Graddick Weir, a director of YUM Brands, received an award of 1,841.282 shares (derivative/phantom units) on February 6, 2026. The units were granted at $0.00 (no cash purchase) and are recorded as a derivative award (transaction code A). The filing lists the acquisition value as $0 because these are deferred compensation units rather than an open-market stock purchase.

Key Details

• Transaction date: 2026-02-06 (reported on Form 4 filed 2026-02-09).
• Security/amount: 1,841.282 phantom units awarded; price reported $0.00 (derivative award).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnotes:
  • F1: Conversion occurs on a one-for-one basis (phantom units convert to common shares 1:1).
  • F2: Payments are made in accordance with elections on file (timing/form may follow director’s deferral elections).
  • F3: Phantom units under the Director Deferred Compensation Plan do not have expiration dates.
• Timeliness: Filing appears timely (transaction 2/6/2026; Form 4 filed 2/9/2026).

Context

• These phantom units are a form of deferred compensation for directors and are not an open-market purchase or sale. They generally represent future payouts (in shares or cash per elections) and do not necessarily indicate immediate buying or selling intent by the insider.