YUM BRANDS INC — Director's Dealing 2021

Mar 2, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-02-26

Reporting Person: Starrs Artie (CEO - Pizza Hut)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-26	Common Stock	M	38872	$78.07	Acquired	76540	Direct
2021-02-26	Common Stock	D	32877	$104.70	Disposed	43663	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-26	Stock Appreciation Right	$78.07	M	38872	Disposed	2028-02-12	Common Stock (38872)	Direct

Footnotes

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