Mezvinsky Scott 4

What Happened

• Scott Mezvinsky, CEO of Yum! Brands’ KFC Division, exercised stock-derived awards on Feb 10, 2026. He acquired 1,613 shares at $158.85 (value $256,225) and 751 shares at $158.85 (value $119,296), for a total of 2,364 shares valued at approximately $375,521. To cover tax and exercise obligations, 542 shares (≈ $86,097) and 210 shares (≈ $33,359) were withheld/disposed, totaling 752 shares (~$119,456) surrendered for taxes/fees.

Key Details

• Transaction date: 2026-02-10
• Prices shown: $158.85 per share for the acquired/disposed share entries
• Shares acquired (net new shares before withholding): 2,364; shares withheld for tax/fees: 752
• Derivative conversion entries show zero-dollar disposals for 1,613 and 751 shares (footnote: conversion is one-for-one)
• Vesting note: underlying awards vest 25% per year beginning one year from grant (per filing footnote)
• Shares owned after the transaction are not included in the provided excerpt
• Filing timeliness: not indicated in the provided data

Context

• This was an exercise/conversion of derivatives (code M) with shares withheld to cover tax liabilities (code F), a common “cashless” or net-share withholding approach — not an open-market sale. Such transactions are routine when executives exercise vested equity and do not by themselves indicate a change in personal conviction about the company.