Mezvinsky Scott 4

What Happened Scott Mezvinsky, CEO of Yum! Brands’ KFC division, exercised stock options for 483 shares and then disposed of the same 483 shares on Feb 26, 2026. He paid $68.00 per share to exercise (total cost $32,844). Of the 483 shares acquired, 199 were delivered back to the issuer (likely for tax withholding) at $165.23 each ($32,881) and 284 were sold in the open market at $166.02 each (proceeds $47,150). Total gross proceeds from the dispositions were about $80,031.

Key Details

• Transaction date: 2026-02-26
• Option exercise: 483 shares exercised at $68.00 per share (cost $32,844)
• Dispositions: 199 shares to issuer at $165.23 ($32,881); 284 shares sold open market at $166.02 ($47,150)
• Net effect: exercised then sold all 483 shares (cashless-style outcome; issuer delivery likely for tax withholding)
• Footnote: Transactions were made pursuant to a prearranged 10b5-1 trading plan (F1)
• Filing: Form 4 filed on 2026-02-26 (same-day report per filing header)
• Shares owned after transaction: not specified in the provided filing

Context This was an option exercise followed by immediate disposition of the underlying shares (a common cashless exercise/tax-withholding pattern). The presence of a 10b5-1 plan indicates the sales were made under a prearranged trading arrangement. Such transactions often reflect routine option exercises and tax-related share withholdings rather than an opportunistic market-timing decision.