Doniz Susan 4

What Happened

• Susan Doniz, a director of YUM Brands, was granted 1,718.529 units on February 6, 2026. The Form 4 lists the acquisition type as an award (code A) at $0.00 — this is a grant of deferred/phantom units, not a cash purchase.

Key Details

• Transaction date: 2026-02-06; filing date (accession): 2026-02-09.
• Quantity: 1,718.529 units; reported price: $0.00 (award/grant).
• These are derivative/phantom units under the YUM! Brands, Inc. Director Deferred Compensation Plan (not immediate common-stock purchases).
• Footnotes from the filing:
  • F1: Conversion occurs on a one-for-one basis (units convert 1:1 to shares).
  • F2: Payments will be made according to elections on file (cash or stock per director’s plan elections).
  • F3: The phantom units do not have expiration dates.
• Shares owned following the transaction are not specified in the provided summary.
• Filing appears timely (transaction 2/6/2026 reported on 2/9/2026); no late-filing flag noted in the supplied data.

Context

• Deferred/phantom unit awards are a form of compensation that track the value of company stock and convert to shares or cash per the director’s elections; they do not represent an immediate open-market purchase or sale.
• Such awards are routine for non-employee directors and reflect compensation practices rather than a direct buy/sell signal.