Mezvinsky Scott 4

What Happened
Scott Mezvinsky, CEO of Yum Brands' KFC division, had a total of 153.404 shares disposed on Feb 9, 2026 to satisfy tax/payment obligations tied to a derivative conversion. The filings show two withholding disposals: 38.351 shares (value $6,249) and 115.053 shares (value $18,746), each at $162.93 per share, for a combined value of roughly $24,995. This transaction is a tax/withholding event tied to a derivative conversion rather than an open‑market purchase for investment.

Key Details

• Transaction date: 2026-02-09; reported on Form 4 filed 2026-02-10 (timely filing).
• Price: $162.93 per share; total shares disposed: 153.404; total value ≈ $24,995.
• Transaction type: Derivative conversion with shares withheld/used to pay tax or exercise-related amounts (code F).
• Footnotes: F1 — conversion is one-for-one; F2 — payments made per elections on file; F3 — related to the Executive Income Deferral Program, which has no specified expiration dates.
• Shares owned after the transaction: not specified in the provided filing.

Context
This was a tax-withholding/settlement of a derivative conversion (common when options or deferred awards convert to stock), not a discretionary open-market sale indicating a change in conviction. Such withholding is routine for executives to cover tax liabilities or exercise costs; it does not necessarily signal a buy/sell decision about the company’s prospects.