Turner Christopher Lee 4

What Happened
Turner Christopher Lee, CEO and Chairman of Yum Brands (YUM), reported an open-market sale of 238 shares on March 2, 2026. The shares were disposed at $166.29 per share for a total of approximately $39,577. This was a sale (routine cashing out), not a purchase.

Key Details

• Transaction date: 2026-03-02
• Price per share: $166.29; shares sold: 238; total proceeds: ~$39,577
• Transaction type: Sale (Form 4 code S) — reported as open-market/private sale
• Footnote: Transaction was made pursuant to a 10b5-1 trading plan (prearranged plan)
• Shares owned after transaction: Not specified in the provided filing
• Filing timeliness: Report filed the same day (2026-03-02); no late filing indicated

Context
A 10b5-1 plan indicates the sale was preplanned and executed under an established trading arrangement, which is common for insiders to avoid concerns about trading on nonpublic information. The sale amount (~$39.6k) is modest relative to typical executive holdings; sales under 10b5-1 plans are often routine and do not by themselves indicate a change in company outlook.