YUM BRANDS INC — Director's Dealing 2021

Aug 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-07-30

Reporting Person: Skeans Tracy L (COO and CPO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-30	Common Stock	M	10134	$49.66	Acquired	20729	Direct
2021-07-30	Common Stock	D	3862	$130.31	Disposed	16867	Direct
2021-07-30	Common Stock	S	6272	$129.19	Disposed	10595	Direct
2021-07-30	Common Stock	M	5065	$49.66	Acquired	15660	Direct
2021-07-30	Common Stock	D	1931	$130.31	Disposed	13729	Direct
2021-07-30	Common Stock	S	3134	$129.19	Disposed	10595	Direct
2021-07-30	Common Stock	M	15218	$49.66	Acquired	25813	Direct
2021-07-30	Common Stock	D	5800	$130.31	Disposed	20013	Direct
2021-07-30	Common Stock	S	9418	$130.22	Disposed	10595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-30	Stock Appreciation Right	$49.66	M	10134	Disposed	2026-02-05	Common Stock (10134)	Direct
2021-07-30	Stock Appreciation Right	$49.66	M	5065	Disposed	2026-02-05	Common Stock (5065)	Direct
2021-07-30	Stock Appreciation Right	$49.66	M	15218	Disposed	2026-02-05	Common Stock (15218)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2103	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan

F2: Vesting occurs 25% per year beginning one year from grant date.