# EDGAR Filing Document

**Accession Number:** 0001735780
**File Stem:** 0001041061-25-000111
**Filing Date:** 2025-11
**Character Count:** 6747
**Document Hash:** 95ff0c69b720fc852522943314e6bdd3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001041061-25-000111.hdr.sgml**: 20251112

**ACCESSION NUMBER**: 0001041061-25-000111

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251111

**FILED AS OF DATE**: 20251112

**DATE AS OF CHANGE**: 20251112

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Powell Aaron
- **CENTRAL INDEX KEY:** 0001735780

**ORGANIZATION NAME:**

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-13163
- **FILM NUMBER:** 251469929

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 619100
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75261-9100
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YUM BRANDS INC
- **CENTRAL INDEX KEY:** 0001041061
- **STANDARD INDUSTRIAL CLASSIFICATION:** RETAIL-EATING PLACES [5812]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 133951308
- **STATE OF INCORPORATION:** NC
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 1441 GARDINER LANE
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40213
- **BUSINESS PHONE:** 5028748300

**MAIL ADDRESS:**
- **STREET 1:** 1900 COLONEL SANDERS LANE
- **CITY:** LOUISVILLE
- **STATE:** KY
- **ZIP:** 40213

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRICON GLOBAL RESTAURANTS INC
- **DATE OF NAME CHANGE:** 19970627

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT AMERICAN RESTAURANT CO
- **DATE OF NAME CHANGE:** 19970618

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Powell Aaron<br><sub>(Last) (First) (Middle)</sub><br>1441 GARDINER LANE<br><sub>(Street)</sub><br>LOUISVILLE, KY 40213<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2025-11-11 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_CEO - Pizza Hut_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>YUM BRANDS INC [ YUM ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2025-11-11 |  | M |  | 14076 | A | $122.07 | 40726.48 | D |  |
| Common Stock | 2025-11-11 |  | D |  | 12462 | D | $150.54 | 28264.48 | D |  |
| Common Stock | 2025-11-11 |  | S |  | 1614 | D | $150.48 | 26650.48 | D |  |
| Common Stock | 2025-11-11 |  | M |  | 9397 | A | $131.31 | 36047.48 | D |  |
| Common Stock | 2025-11-11 |  | D |  | 8670 | D | $150.54 | 27377.48 | D |  |
| Common Stock | 2025-11-11 |  | S |  | 727 | D | $150.48 | 26650.48 | D |  |
| Common Stock | 2025-11-11 |  | M |  | 5517 | A | $130.27 | 32167.48 | D |  |
| Common Stock | 2025-11-11 |  | D |  | 5068 | D | $150.54 | 27099.48 | D |  |
| Common Stock | 2025-11-11 |  | S |  | 449 | D | $150.48 | 26650.48 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Appreciation Right | $122.07 | 2025-11-11 |  | M |  |  | 14076 | <sup>(1)</sup> | 2032-02-11 | Common Stock | 14076 | $0 | 4693 | D |  |
| Stock Appreciation Right | $131.31 | 2025-11-11 |  | M |  |  | 9397 | <sup>(1)</sup> | 2033-02-10 | Common Stock | 9397 | $0 | 9397 | D |  |
| Stock Appreciation Right | $130.27 | 2025-11-11 |  | M |  |  | 5517 | <sup>(1)</sup> | 2034-02-09 | Common Stock | 5517 | $0 | 16553 | D |  |

---

### Footnotes:

(1) Vesting occurs 25% per year beginning one year from grant date.

**Signature:** /s/ Brittany Bodkin, POA  
**Date:** 2025-11-12

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**