Sean Tresvant, serving as Taco Bell CEO and Yum Brands Chief Commercial Officer, filed a statement of changes in beneficial ownership with the SEC on August 20, 2026, disclosing transactions dated August 18, 2026, involving the conversion of restricted stock units and the withholding of shares for tax obligations.

Key Highlights

  • RSU conversion: 4,101 restricted stock units were converted to common stock on August 18, 2026, via a transaction coded M, at a price of $144.86 per share.
  • Shares withheld for taxes: 2,035 shares of common stock were disposed of on August 18, 2026, under transaction code F, also at $144.86 per share.
  • Resulting direct ownership: Following the reported transactions, Tresvant directly owned 5,206 shares of Yum Brands common stock.
  • Indirect holdings: Tresvant additionally holds 33 shares indirectly through a 401(k) plan.
  • Remaining RSU balance: After the vesting, 0.23 restricted stock units remained outstanding under the converted grant.
  • RSU terms: According to the filing, the final distribution under each grant will occur four years from the grant date, with no specified expiration dates.

Sean Tresvant's RSU Vesting Activity at Yum Brands

According to the filing, Sean Tresvant holds dual roles at Yum Brands Inc. (NYSE:YUM), a multinational restaurant company whose portfolio includes brands such as Taco Bell, serving as both that brand's CEO and as Yum Brands' Chief Commercial Officer. The transactions reported cover the settlement of restricted stock units accumulated under two separate grants, with conversion occurring on a one-for-one basis as described in the filing's explanatory notes.

The filing shows that two RSU grants underwent interim fractional accumulation through transaction code J entries on March 6, 2026, and June 12, 2026, adding 19.04 and 19.84 units respectively to Tresvant's derivative holdings. On August 18, 2026, those accumulated units, together with the underlying grant balance, resulted in the conversion of 4,101 restricted stock units into an equivalent number of common shares. Separately, 2,035 of those shares were disposed of on the same date under code F, which the filing structure associates with shares withheld to cover tax obligations, leaving Tresvant with a direct holding of 5,206 common shares.

The filing was signed by M. Gayle Hobson under a power of attorney and submitted on August 20, 2026. The earliest transaction date listed in the filing is March 6, 2026.

What Was Disclosed

The filing disclosed the conversion of 4,101 restricted stock units into common stock, the withholding of 2,035 shares, and a resulting direct beneficial ownership position of 5,206 shares of Yum Brands common stock for reporting person Sean Tresvant, plus 33 shares held indirectly through a 401(k) plan.