[Form 4] Yum! Brands, Inc. Insider Trading Activity
On 07/15/2025 Yum! Brands (YUM) filed a Form 4 detailing insider transactions by Chief Executive Officer David W. Gibbs. The filing shows two stock-appreciation-right (SAR) exercises鈥�7,788 shares at an exercise price of $49.66 and 3,184 shares at $56.67鈥攆or a total acquisition of 10,972 shares. During the same trading session, Gibbs disposed of and sold an equal 10,972 shares at market prices ranging from $146.60 to $147.17 under a pre-arranged Rule 10b5-1 plan, leaving his direct holdings unchanged at 102,893 common shares. He also reports 120,893 shares held indirectly through family trusts. Remaining unexercised SARs total 61,224 units with expirations in 2026. No company-level financial metrics were provided; the disclosure strictly concerns the CEO鈥檚 personal equity activity.
Il 15/07/2025 Yum! Brands (YUM) ha presentato un Modulo 4 che dettaglia le operazioni interne del CEO David W. Gibbs. La comunicazione mostra due esercizi di stock appreciation rights (SAR)鈥�7.788 azioni al prezzo di esercizio di $49,66 e 3.184 azioni a $56,67鈥攑er un totale di 10.972 azioni acquisite. Nella stessa sessione di trading, Gibbs ha ceduto e venduto un pari numero di 10.972 azioni a prezzi di mercato compresi tra $146,60 e $147,17 secondo un piano predefinito Rule 10b5-1, mantenendo cos矛 invariata la sua partecipazione diretta a 102.893 azioni ordinarie. Riporta inoltre 120.893 azioni detenute indirettamente tramite trust familiari. I SAR non esercitati residui ammontano a 61.224 unit脿 con scadenza nel 2026. Non sono stati forniti dati finanziari a livello aziendale; la comunicazione riguarda esclusivamente l鈥檃ttivit脿 azionaria personale del CEO.
El 15/07/2025 Yum! Brands (YUM) present贸 un Formulario 4 detallando transacciones internas del CEO David W. Gibbs. El informe muestra dos ejercicios de derechos de apreciaci贸n de acciones (SAR)鈥�7.788 acciones a un precio de ejercicio de $49,66 y 3.184 acciones a $56,67鈥攑ara una adquisici贸n total de 10.972 acciones. Durante la misma sesi贸n de negociaci贸n, Gibbs dispuso y vendi贸 un n煤mero igual de 10.972 acciones a precios de mercado entre $146,60 y $147,17 bajo un plan preestablecido Regla 10b5-1, dejando su participaci贸n directa sin cambios en 102.893 acciones comunes. Tambi茅n reporta 120.893 acciones mantenidas indirectamente a trav茅s de fideicomisos familiares. Los SAR no ejercidos restantes totalizan 61.224 unidades con vencimiento en 2026. No se proporcionaron m茅tricas financieras a nivel de empresa; la divulgaci贸n se refiere estrictamente a la actividad accionaria personal del CEO.
2025雲� 7鞗� 15鞚�, Yum! Brands (YUM)鞚� 斓滉碃瓴届榿鞛�(CEO) David W. Gibbs鞚� 雮措秬 瓯半灅 雮挫棴鞚� 雼挫潃 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 霊� 瓯挫潣 欤检嫕 臧�旃� 靸侅姽 甓岆Μ(SAR) 頄夓偓鈥�頄夓偓臧�瓴� $49.66鞐� 7,788欤�鞕赌 $56.67鞐� 3,184欤�鈥旍礉 10,972欤� 旆摑臧� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 臧欖潃 瓯半灅 靹胳厴鞐愳劀 Gibbs電� 霃欖澕頃� 10,972欤茧ゼ 鞁滌灔 臧�瓴� $146.60鞐愳劀 $147.17 靷澊鞐� 毵る弰頄堨溂氅�, 鞚措姅 靷爠鞐� 靹れ爼霅� Rule 10b5-1 瓿勴殟鞐� 霐半ジ 瓴冹瀰雼堧嫟. 鞚挫棎 霐半澕 攴胳潣 歆侅爲 氤挫湢 欤检嫕 靾橂姅 102,893欤�搿� 氤�霃欖澊 鞐嗢溂氅�, 臧�臁� 鞁犿儊鞚� 韱淀暣 120,893欤茧ゼ 臧勳爲 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 雮潃 氙疙枆靷� SAR電� 61,224 雼渼鞚措┌ 2026雲勳棎 毵岆霅╇媹雼�. 須岇偓 彀洂鞚� 鞛 歆�響滊姅 鞝滉车霅橃 鞎婌晿鞙茧┌, 鞚措矆 瓿奠嫓電� CEO 臧滌澑鞚� 欤检嫕 瓯半灅 頇滊彊鞐� 甏�頃� 雮挫毄鞛呺媹雼�.
Le 15/07/2025, Yum! Brands (YUM) a d茅pos茅 un formulaire 4 d茅taillant les transactions internes du PDG David W. Gibbs. Le document indique deux exercices de droits d鈥檃ppr茅ciation d鈥檃ctions (SAR)鈥�7 788 actions au prix d鈥檈xercice de 49,66 $ et 3 184 actions 脿 56,67 $鈥攑our un total de 10 972 actions acquises. Lors de la m锚me s茅ance de bourse, Gibbs a c茅d茅 et vendu un nombre 茅gal de 10 972 actions 脿 des prix de march茅 allant de 146,60 $ 脿 147,17 $ dans le cadre d鈥檜n plan pr茅茅tabli Rule 10b5-1, laissant ainsi ses avoirs directs inchang茅s 脿 102 893 actions ordinaires. Il d茅clare 茅galement 120 893 actions d茅tenues indirectement via des trusts familiaux. Les SAR non exerc茅s restants s鈥櫭﹍猫vent 脿 61 224 unit茅s avec des 茅ch茅ances en 2026. Aucune donn茅e financi猫re au niveau de l鈥檈ntreprise n鈥檃 茅t茅 fournie; la divulgation concerne strictement l鈥檃ctivit茅 personnelle en actions du PDG.
Am 15.07.2025 reichte Yum! Brands (YUM) ein Formular 4 ein, das Insider-Transaktionen des CEO David W. Gibbs detailliert. Die Einreichung zeigt zwei Aus眉bungen von Stock Appreciation Rights (SAR)鈥�7.788 Aktien zum Aus眉bungspreis von $49,66 und 3.184 Aktien zu $56,67鈥攆眉r einen Gesamterwerb von 10.972 Aktien. W盲hrend derselben Handelssitzung ver盲u脽erte und verkaufte Gibbs dieselbe Anzahl von 10.972 Aktien zu Marktpreisen zwischen $146,60 und $147,17 im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans, wodurch sein direkter Bestand unver盲ndert bei 102.893 Stammaktien blieb. Er meldet zudem 120.893 Aktien, die indirekt 眉ber Familienstiftungen gehalten werden. Die verbleibenden nicht ausge眉bten SAR belaufen sich auf 61.224 Einheiten mit Ablauf im Jahr 2026. Unternehmensbezogene Finanzkennzahlen wurden nicht bereitgestellt; die Offenlegung betrifft ausschlie脽lich die pers枚nliche Aktienaktivit盲t des CEO.
- None.
- None.
Insights
TL;DR: Routine 10b5-1 exercise/sale leaves Gibbs鈥� stake unchanged; limited valuation impact.
The simultaneous exercise and sale suggest a cashless transaction designed to capture the spread between long-term option strike prices ($49-$57) and YUM鈥檚 market price (~$147). Because the number of shares acquired via SARs exactly matches the number sold or disposed, Gibbs鈥� direct ownership remains flat, signalling neither bullish accumulation nor bearish reduction. The use of a disclosed 10b5-1 plan reduces concerns about opportunistic trading. From a valuation standpoint, there is no dilution; SARs were already included in share-count calculations. Given YUM鈥檚 ~283 million shares outstanding, the 11 thousand-share gross volume is immaterial. Overall market impact: neutral.
TL;DR: Properly disclosed, plan-based insider trade鈥攏o governance red flags.
The filing is compliant with Section 16 reporting deadlines and clearly marks the activity as conducted under a 10b5-1 plan, aligning with best-practice governance standards. No patterns of significant net selling emerge; direct holdings stay constant and indirect holdings remain robust at over 120 k shares. The expiration of remaining SARs in 2026 provides management with continued long-term equity incentives. Consequently, the transaction does not signal adverse insider sentiment nor raise control-related concerns.
Il 15/07/2025 Yum! Brands (YUM) ha presentato un Modulo 4 che dettaglia le operazioni interne del CEO David W. Gibbs. La comunicazione mostra due esercizi di stock appreciation rights (SAR)鈥�7.788 azioni al prezzo di esercizio di $49,66 e 3.184 azioni a $56,67鈥攑er un totale di 10.972 azioni acquisite. Nella stessa sessione di trading, Gibbs ha ceduto e venduto un pari numero di 10.972 azioni a prezzi di mercato compresi tra $146,60 e $147,17 secondo un piano predefinito Rule 10b5-1, mantenendo cos矛 invariata la sua partecipazione diretta a 102.893 azioni ordinarie. Riporta inoltre 120.893 azioni detenute indirettamente tramite trust familiari. I SAR non esercitati residui ammontano a 61.224 unit脿 con scadenza nel 2026. Non sono stati forniti dati finanziari a livello aziendale; la comunicazione riguarda esclusivamente l鈥檃ttivit脿 azionaria personale del CEO.
El 15/07/2025 Yum! Brands (YUM) present贸 un Formulario 4 detallando transacciones internas del CEO David W. Gibbs. El informe muestra dos ejercicios de derechos de apreciaci贸n de acciones (SAR)鈥�7.788 acciones a un precio de ejercicio de $49,66 y 3.184 acciones a $56,67鈥攑ara una adquisici贸n total de 10.972 acciones. Durante la misma sesi贸n de negociaci贸n, Gibbs dispuso y vendi贸 un n煤mero igual de 10.972 acciones a precios de mercado entre $146,60 y $147,17 bajo un plan preestablecido Regla 10b5-1, dejando su participaci贸n directa sin cambios en 102.893 acciones comunes. Tambi茅n reporta 120.893 acciones mantenidas indirectamente a trav茅s de fideicomisos familiares. Los SAR no ejercidos restantes totalizan 61.224 unidades con vencimiento en 2026. No se proporcionaron m茅tricas financieras a nivel de empresa; la divulgaci贸n se refiere estrictamente a la actividad accionaria personal del CEO.
2025雲� 7鞗� 15鞚�, Yum! Brands (YUM)鞚� 斓滉碃瓴届榿鞛�(CEO) David W. Gibbs鞚� 雮措秬 瓯半灅 雮挫棴鞚� 雼挫潃 Form 4毳� 鞝滌稖頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 霊� 瓯挫潣 欤检嫕 臧�旃� 靸侅姽 甓岆Μ(SAR) 頄夓偓鈥�頄夓偓臧�瓴� $49.66鞐� 7,788欤�鞕赌 $56.67鞐� 3,184欤�鈥旍礉 10,972欤� 旆摑臧� 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 臧欖潃 瓯半灅 靹胳厴鞐愳劀 Gibbs電� 霃欖澕頃� 10,972欤茧ゼ 鞁滌灔 臧�瓴� $146.60鞐愳劀 $147.17 靷澊鞐� 毵る弰頄堨溂氅�, 鞚措姅 靷爠鞐� 靹れ爼霅� Rule 10b5-1 瓿勴殟鞐� 霐半ジ 瓴冹瀰雼堧嫟. 鞚挫棎 霐半澕 攴胳潣 歆侅爲 氤挫湢 欤检嫕 靾橂姅 102,893欤�搿� 氤�霃欖澊 鞐嗢溂氅�, 臧�臁� 鞁犿儊鞚� 韱淀暣 120,893欤茧ゼ 臧勳爲 氤挫湢頃橁碃 鞛堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. 雮潃 氙疙枆靷� SAR電� 61,224 雼渼鞚措┌ 2026雲勳棎 毵岆霅╇媹雼�. 須岇偓 彀洂鞚� 鞛 歆�響滊姅 鞝滉车霅橃 鞎婌晿鞙茧┌, 鞚措矆 瓿奠嫓電� CEO 臧滌澑鞚� 欤检嫕 瓯半灅 頇滊彊鞐� 甏�頃� 雮挫毄鞛呺媹雼�.
Le 15/07/2025, Yum! Brands (YUM) a d茅pos茅 un formulaire 4 d茅taillant les transactions internes du PDG David W. Gibbs. Le document indique deux exercices de droits d鈥檃ppr茅ciation d鈥檃ctions (SAR)鈥�7 788 actions au prix d鈥檈xercice de 49,66 $ et 3 184 actions 脿 56,67 $鈥攑our un total de 10 972 actions acquises. Lors de la m锚me s茅ance de bourse, Gibbs a c茅d茅 et vendu un nombre 茅gal de 10 972 actions 脿 des prix de march茅 allant de 146,60 $ 脿 147,17 $ dans le cadre d鈥檜n plan pr茅茅tabli Rule 10b5-1, laissant ainsi ses avoirs directs inchang茅s 脿 102 893 actions ordinaires. Il d茅clare 茅galement 120 893 actions d茅tenues indirectement via des trusts familiaux. Les SAR non exerc茅s restants s鈥櫭﹍猫vent 脿 61 224 unit茅s avec des 茅ch茅ances en 2026. Aucune donn茅e financi猫re au niveau de l鈥檈ntreprise n鈥檃 茅t茅 fournie; la divulgation concerne strictement l鈥檃ctivit茅 personnelle en actions du PDG.
Am 15.07.2025 reichte Yum! Brands (YUM) ein Formular 4 ein, das Insider-Transaktionen des CEO David W. Gibbs detailliert. Die Einreichung zeigt zwei Aus眉bungen von Stock Appreciation Rights (SAR)鈥�7.788 Aktien zum Aus眉bungspreis von $49,66 und 3.184 Aktien zu $56,67鈥攆眉r einen Gesamterwerb von 10.972 Aktien. W盲hrend derselben Handelssitzung ver盲u脽erte und verkaufte Gibbs dieselbe Anzahl von 10.972 Aktien zu Marktpreisen zwischen $146,60 und $147,17 im Rahmen eines vorab vereinbarten Rule 10b5-1 Plans, wodurch sein direkter Bestand unver盲ndert bei 102.893 Stammaktien blieb. Er meldet zudem 120.893 Aktien, die indirekt 眉ber Familienstiftungen gehalten werden. Die verbleibenden nicht ausge眉bten SAR belaufen sich auf 61.224 Einheiten mit Ablauf im Jahr 2026. Unternehmensbezogene Finanzkennzahlen wurden nicht bereitgestellt; die Offenlegung betrifft ausschlie脽lich die pers枚nliche Aktienaktivit盲t des CEO.
FAQ
What insider transaction did YUM CEO David W. Gibbs report on 07/15/2025?
How many Yum! Brands shares did the CEO acquire through SAR exercises?
At what prices were the exercised SARs struck compared with the sale prices?
Did the CEO鈥檚 direct ownership of YUM shares change after the transactions?
What is David W. Gibbs鈥� total indirect ownership in YUM?
How many unexercised SARs does the CEO still hold?
