Powell Aaron 4

What Happened
Aaron Powell, CEO of Pizza Hut (a division of Yum Brands, Inc.), was granted 8,708 shares on 2026-02-06. To satisfy tax withholding on the award, 2,529 shares were surrendered (disposed) at an effective withholding price of $162.93 per share, totaling approximately $412,050. Net of the withholding, Powell retained 6,179 shares from this grant. This was an equity award (grant) with tax withholding—not an open-market sale.

Key Details

• Transaction date(s): 2026-02-06 (award granted and tax-withholding disposition).
• Grant: 8,708 shares issued at $0.00 (award/grant).
• Tax withholding/disposition: 2,529 shares withheld at $162.93 per share = ~$412,050.
• Net shares retained from grant: 8,708 − 2,529 = 6,179 shares.
• Filing date: Form 4 filed 2026-02-09 (timely).
• Transaction codes: A = Award/Grant, F = Tax withholding/payment of exercise price or tax liability.
• Shares beneficially owned after the transaction (total holdings) were not specified in the filing.

Context
The F-code withholding is a common mechanism where a portion of granted shares is surrendered to cover required taxes (a cashless settlement), and is recorded as a disposition for reporting purposes. Such withholding is routine for equity compensation and does not necessarily indicate a voluntary sale or a view on the stock.