Initial Statement of Beneficial Ownership Filed by Yum! Brands Chief People & Culture Officer

Executive Summary

On November 4, 2026, Naiara De Leon Gamboa, Chief People & Culture Officer of YUM BRANDS INC ($YUM), filed an initial Form 3 statement of beneficial ownership. The filing reflects ownership effective November 1, 2026.

Holdings Breakdown

• Common Stock (Direct): 0 shares.
• Common Stock (Indirect - 401(k) Plan): 0 shares.
• Restricted Stock Units (RSUs):
  • 2,169.56 RSUs: Each RSU represents a contingent right to receive one share of common stock, vesting 25% annually starting one year from the grant date.
  • 3,315.80 RSUs: Each RSU represents a contingent right to receive one share of common stock, vesting 33% annually starting one year from the grant date.
  • Total Underlying Derivative Shares: 5,485.36 shares.

Market & Trading Significance

This is an initial Form 3 filing following the reporting owner's appointment or designation as an executive officer (Chief People & Culture Officer). Because this filing merely establishes initial baseline holdings and does not report open-market purchases or sales, the trading significance is Low.