YUM BRANDS INC — Director's Dealing 2021

Apr 30, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-04-29

Reporting Person: Gibbs David W (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-04-29	Common Stock	M	37398	$44.81	Acquired	57426	Direct
2021-04-29	Common Stock	D	14197	$118.04	Disposed	43229	Direct
2021-04-29	Common Stock	S	23201	$118.07	Disposed	20028	Direct
2021-04-29	Common Stock	M	37398	$44.81	Acquired	57426	Direct
2021-04-29	Common Stock	D	14126	$118.64	Disposed	43300	Direct
2021-04-29	Common Stock	S	23272	$118.69	Disposed	20028	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-04-29	Stock Appreciation Right	$44.81	M	37398	Disposed	2023-02-06	Common Stock (37398)	Direct
2021-04-29	Stock Appreciation Right	$44.81	M	37398	Disposed	2023-02-06	Common Stock (37398)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39499	Indirect
Common Stock	26394	Indirect

Footnotes

F1: Vesting occurs on a quarterly basis beginning one year from grant date.