Turner Christopher Lee 4
4 · YUM BRANDS INC · Filed Feb 12, 2026
Research Summary
AI-generated summary of this filing
YUM Brands CEO Christopher Turner Exercises Options for 3,146 Shares
What Happened
Christopher Turner, CEO and Chairman of YUM Brands (YUM), exercised stock options on 2026-02-10 to acquire a total of 3,146 shares (1,385 + 1,761) at an exercise price of $158.85 per share, for a total cash outlay of $499,742. To cover tax withholding, 1,241 shares (547 + 694) were surrendered at $158.85, valued at $197,133. The filings also show corresponding derivative conversion entries (1-for-1 conversion of the options into common shares).
Key Details
- Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (appears timely).
- Exercise price: $158.85 per share. Total exercise cost: $499,742.
- Shares acquired by exercise: 3,146. Shares withheld for taxes: 1,241 (value $197,133). Net shares retained after withholding: 1,905.
- Filing codes: M = option exercise/conversion; F = payment of exercise price or tax liability (shares withheld).
- Footnotes: F1 — vesting occurs 25% per year beginning one year from grant; F2 — final distribution occurs four years from grant date and no specified expiration; F3 — conversion is one-for-one.
- Shares owned after the transaction: Not provided in the filing.
Context
This was primarily an option exercise (not an open-market purchase or a voluntary sale). The surrender of 1,241 shares to satisfy tax withholding is a routine, non-market disposition commonly seen with exercises (a cashless-like result for taxes). The derivative entries at $0 reflect the conversion/cancellation of the options on a one-for-one basis per the filing footnote.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-02-10$158.85/sh+1,385$220,007→ 64,184.66 total - Tax Payment
Common Stock
2026-02-10$158.85/sh−547$86,891→ 63,637.66 total - Exercise/Conversion
Common Stock
2026-02-10$158.85/sh+1,761$279,735→ 65,398.66 total - Tax Payment
Common Stock
2026-02-10$158.85/sh−694$110,242→ 64,704.66 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-02-10−1,385→ 1,386.27 totalExercise: $131.31→ Common Stock (1,385 underlying) - Exercise/Conversion
Restricted Stock Units
[F3][F1]2026-02-10−1,761→ 5,288.45 totalExp: 2029-02-10→ Common Stock (1,761 underlying)
Footnotes (3)
- [F1]Vesting occurs 25% per year beginning one year from grant date.
- [F2]The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.
- [F3]Conversion occurs on a one-for-one basis.