Form 4: Yum Brands Inc. Executive Erika Burkhardt Reports Stock Transactions
SEC Form 4
Erika Burkhardt, Chief Legal Officer & Corp Sec of Yum Brands Inc., reports multiple transactions involving common stock and stock appreciation rights on March 6, 2025, pursuant to a 10b5-1 plan.
Summary
- On March 6, 2025, Erika Burkhardt, Chief Legal Officer & Corp Sec of Yum Brands Inc., reported transactions involving the company's common stock and stock appreciation rights.
- These transactions included the exercise of stock appreciation rights and the subsequent sale of common stock.
- The transactions were executed under a pre-arranged 10b5-1 trading plan.
- Burkhardt exercised stock appreciation rights for 331 shares at a price of $102.87 and disposed of 249 shares at $159.37.
- She also exercised stock appreciation rights for 1,187 shares at a price of $102.87 and disposed of 871 shares at $159.37.
- Additional sales of common stock were reported at a price of $159.07 per share, with quantities of 82, 316, 137, and 62 shares.
- Following these transactions, Burkhardt directly owns 263 shares of common stock and holds derivative securities for 5,209 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment. It reflects routine activity under a pre-arranged trading plan.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the buying and selling activities of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the executive's position and the pre-planned nature of the trades.
Key Dates
| Date | Description |
|---|---|
| 02/10/2024 | Date stock appreciation right was exercisable for 331 shares. |
| 11/13/2024 | Date stock appreciation right was exercisable for 1,187 shares. |
| 03/06/2025 | Date of transactions involving common stock and stock appreciation rights. |
| 03/07/2025 | Date of signature for the report. |
| 02/10/2030 | Expiration date of stock appreciation right for 331 shares. |
| 11/13/2030 | Expiration date of stock appreciation right for 1,187 shares. |
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