YUM BRANDS INC — Director's Dealing 2021

Jul 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-07-01

Reporting Person: Lowings Anthony (CEO-KFC Division)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-07-01	Common Stock	M	4187	$45.88	Acquired	45797	Direct
2021-07-01	Common Stock	D	1670	$115.03	Disposed	44127	Direct
2021-07-01	Common Stock	S	2517	$115.49	Disposed	41610	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-07-01	Stock Appreciation Right	$45.88	M	4187	Disposed	2022-02-08	Common Stock (4187)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	863	Indirect
Common Stock	3750	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan