Roy Ranjith 4

What Happened

• Roy Ranjith, CFO of Yum Brands (YUM), exercised stock options on 2026-02-10 to acquire 343 shares at an exercise price of $158.85, for a gross exercise cost/value of $54,486.
• The filing shows 103 shares were withheld to cover tax obligations (value recorded $16,362), effectively reducing the net newly issued shares to about 240.
• A separate entry records a conversion/disposition of 343 derivative units at $0; footnotes clarify conversion is on a one-for-one basis.

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (filed within the typical 2-business-day window).
• Exercise price: $158.85 per share; gross value of exercised options $54,486.
• Tax withholding: 103 shares withheld, valued at $16,362 (transaction code F).
• Net shares received: ~240 (343 acquired minus 103 withheld). Shares owned after the transaction are not reported in this filing.
• Footnotes: F1 — conversion occurs one-for-one; F2 — vesting occurs 25% per year beginning one year from grant.
• Transaction codes: M = option exercise/conversion; F = tax withholding.

Context

• This appears to be an option exercise with net share settlement (shares withheld to cover taxes), not an open-market purchase or sale. Such exercises are common for compensatory equity and do not, by themselves, indicate a change in insider sentiment.
• The filing does not disclose additional context such as total post-transaction holdings or whether any shares will be sold later.