Tresvant Sean 4
4 · YUM BRANDS INC · Filed Feb 10, 2026
Research Summary
AI-generated summary of this filing
YUM Brands CEO Sean Tresvant Exercises Options for 997 Shares
What Happened
Sean Tresvant, Taco Bell CEO and YUM Chief Commercial Officer, exercised/converted derivative awards to acquire 997 YUM shares on 2026-02-09 by paying $158.90 per share (total cash outlay $158,423). To cover tax withholding, 370 shares were surrendered (disposed) valued at $58,793; net shares received = 627. The filing records the derivative conversion on a one‑for‑one basis.
Key Details
- Transaction date: 2026-02-09 (filed 2026-02-10).
- Exercise: 997 shares @ $158.90; total exercise price paid $158,423. (Code M = exercise/conversion)
- Tax withholding: 370 shares withheld/disposed @ $158.90; value $58,793. (Code F = tax/withholding)
- Net shares received: 627 shares (997 acquired − 370 withheld).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 conversion is one‑for‑one; F2/F3 indicate vesting occurs 25% per year starting one year from grant with final distribution at four years and no specified expiration dates.
Context
This was an exercise of vested derivative awards rather than an open‑market sale. The withholding of shares for taxes is a routine administrative step and not the same as selling shares on the market. The filing was made promptly (next day) and contains no indication of a 10b5‑1 plan or other sale program.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-09$158.90/sh+997$158,423→ 4,990 total - Tax Payment
Common Stock
2026-02-09$158.90/sh−370$58,793→ 4,620 total - Exercise/Conversion
Restricted Stock Units
[F1][F2][F3]2026-02-09−997→ 1,995.37 total→ Common Stock (997 underlying)
Footnotes (3)
- [F1]Conversion occurs on a one-for-one basis.
- [F2]Vesting occurs 25% per year beginning one year from grant date.
- [F3]The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.