Domier Tanya 4

What Happened

• Tanya Domier, a director of Yum Brands (YUM), exercised derivative awards converting 2,787 option-equivalent units into common stock on 2026-04-01. The reported exercise price was $155.48 per share, totaling $433,323.
• The Form 4 also records a simultaneous disposition of 2,787 shares at $0.00 (derivative). Footnotes indicate a one-for-one conversion and that payments were made in accordance with elections on file.

Key Details

• Transaction date: 2026-04-01; Form filed: 2026-04-02 (timely).
• Exercise: 2,787 shares acquired at $155.48 each for $433,323 (code M — option exercise/conversion).
• Disposal: 2,787 shares listed as disposed at $0.00 (derivative) on the same date.
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes: F1 — one-for-one conversion; F2 — payments per elections on file; F3 — the program has no specified expiration dates.
• No indication in the filing that this was a cash open-market sale; the zero-dollar disposition and footnote about elections suggest a net-share settlement or surrender to satisfy payment/tax obligations.

Context

• For retail investors: exercises are routine for insiders converting options or restricted stock units to common shares. When the filing shows simultaneous disposition at $0 and references elections, it commonly reflects net-share settlement or surrender to cover exercise costs or tax withholding rather than an open-market sale. This Form 4 does not by itself indicate a buy/sell signal for the market.