Naiara De Leon Gamboa, newly designated Chief People & Culture Officer at Yum Brands Inc, filed an initial statement of beneficial ownership (Form 3) on November 4, 2026, with a triggering event date of November 1, 2026.

Key Highlights

  • Reporting person: Naiara De Leon Gamboa, identified as Chief People & Culture Officer of Yum Brands Inc (NYSE:YUM).
  • Direct common stock: 0 shares held directly; 0 shares held indirectly through the YUM 401(k) Plan, according to the filing.
  • First RSU grant: 2,169.56 restricted stock units, each representing a contingent right to receive one share of common stock, vesting 25% per year beginning one year from the grant date.
  • Second RSU grant: 3,315.8 restricted stock units on the same terms, vesting 33% per year beginning one year from the grant date.
  • No expiration date: Neither RSU grant carries an expiration date, as disclosed in the filing.
  • Event date: November 1, 2026, with the form signed and filed on November 4, 2026, by Brittany Bodkin as attorney-in-fact.

De Leon Gamboa's Initial Ownership Position at Yum Brands

According to the filing, De Leon Gamboa holds no shares of Yum Brands common stock either directly or indirectly through the YUM 401(k) Plan as of the event date. Her beneficial ownership consists entirely of two separate restricted stock unit grants reported in Table II of the Form 3.

The first grant covers 2,169.56 restricted stock units, with vesting occurring at 25% per year beginning one year from the grant date. The second covers 3,315.8 restricted stock units, vesting at 33% per year beginning one year from the grant date. The filing states that each restricted stock unit represents "a contingent right to receive one share of Issuer's common stock." Neither grant has an expiration date, per the filing's explanation of responses.

The form was filed by one reporting person and signed by Brittany Bodkin as power of attorney on November 4, 2026. The filing does not disclose the original grant dates for either RSU award or the per-unit exercise or conversion price, noting instead that the exercise price designation is not applicable to these instruments.

What Was Disclosed

Naiara De Leon Gamboa submitted an initial beneficial ownership statement in connection with becoming Chief People & Culture Officer at Yum Brands Inc, disclosing zero shares of common stock and two restricted stock unit grants totaling approximately 5,485.36 units.