Former Officer Aaron Powell Files Form 144 to Sell $2.51M in YUM Stock

Executive Summary

On October 30, 2026, former officer Aaron Powell filed Form 144 notice of a proposed sale of 16,000 common shares of YUM! Brands, Inc. ($YUM) through Merrill Lynch, with an estimated market value of $2,507,630 (~$156.73 per share).

Transaction Details

• Securities to be Sold: 16,000 shares of Common Stock.
• Aggregate Market Value: $2,507,630.
• Acquisition Origin: The shares originate from a mix of restricted stock vesting events throughout 2026 (totalling 3,805 shares) and a stock option exercise of 12,195 shares.
• Recent Sales History: Over the past three months, Powell has sold four batches of common stock totalling 10,422 shares for aggregate gross proceeds of $1,575,470.

Market and Trading Context

• Issuer Context: YUM! Brands has approximately 272.9 million shares outstanding. The proposed disposition represents less than 0.01% of the total share count.
• Trading Significance: Low. The proposed transaction is executed by a former officer likely managing personal liquidity and post-employment equity holdings. It does not represent an active executive or director insider signal.