Form 4: YUM Brands Director Brian C. Cornell Reports Acquisition of Phantom Stock

Director Brian C. Cornell reports acquiring phantom stock in YUM Brands, Inc. through the Director Deferred Compensation Plan.

Summary

• On February 10, 2025, Brian C. Cornell, a director of YUM Brands Inc., acquired phantom stock units.
• The acquisitions were made under the YUM! Brands, Inc. Director Deferred Compensation Plan.
• Cornell acquired 1,889.9764 phantom stock units and 1,147.4857 phantom stock units, both convertible to common stock on a one-for-one basis.
• Following these transactions, Cornell directly owns 1,889.9764 and 1,147.4857 phantom stock units respectively.
• Payments are made in accordance with elections on file.
• The report was filed on February 11, 2025, by M. Gayle Hobson as Power of Attorney.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock ownership, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and deferred compensation plans, common in publicly traded companies.

Stakeholder Impact

• The acquisition of phantom stock by a director could be perceived positively by shareholders as it aligns the director's interests with the company's long-term performance.

Key Dates

Keywords

YUM Brands, Brian C. Cornell, phantom stock, Director, Form 4, Director Deferred Compensation Plan, acquisition