YUM BRANDS INC — Director's Dealing 2021

Jul 28, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-07-27

Reporting Person: Skeans Tracy L (COO and CPO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-27	Common Stock	M	8455	$52.64	Acquired	19050	Direct
2021-07-27	Common Stock	D	3561	$125.00	Disposed	15489	Direct
2021-07-27	Common Stock	S	4894	$125.00	Disposed	10595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-27	Stock Appreciation Right	$52.64	M	8455	Disposed	2025-02-06	Common Stock (8455)	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.