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YUM BRANDS INC Director's Dealing 2021

May 25, 2021

30069_dirs_2021-05-25_8cb6a301-8121-4abf-b5ee-0fe62d32af2c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-05-24

Reporting Person: Skeans Tracy L (COO and CPO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-05-24	Common Stock	M	5647	$44.81	Acquired	16242	Direct
2021-05-24	Common Stock	D	2109	$120.00	Disposed	14133	Direct
2021-05-24	Common Stock	S	3538	$120.16	Disposed	10595	Direct
2021-05-24	Common Stock	M	5769	$50.22	Acquired	16364	Direct
2021-05-24	Common Stock	D	2415	$120.00	Disposed	13949	Direct
2021-05-24	Common Stock	S	3354	$120.16	Disposed	10595	Direct
2021-05-24	Common Stock	M	6786	$50.22	Acquired	17381	Direct
2021-05-24	Common Stock	D	2840	$120.00	Disposed	14541	Direct
2021-05-24	Common Stock	S	3946	$120.16	Disposed	10595	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-05-24	Stock Appreciation Right	$44.81	M	5647	Disposed	2023-02-06	Common Stock (5647)	Direct
2021-05-24	Stock Appreciation Right	$50.22	M	5769	Disposed	2024-02-05	Common Stock (5769)	Direct
2021-05-24	Stock Appreciation Right	$50.22	M	6786	Disposed	2024-02-05	Common Stock (6786)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2103	Indirect

Footnotes

F1: Vesting occurs 25% per year beginning one year from grant date.