YUM BRANDS INC — Director's Dealing 2021

Feb 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-02-23

Reporting Person: Starrs Artie (CEO - Pizza Hut)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-23	Common Stock	M	7197	$49.66	Acquired	32688	Direct
2021-02-23	Common Stock	D	4870	$106.41	Disposed	27818	Direct
2021-02-23	Common Stock	M	38733	$68.00	Acquired	66551	Direct
2021-02-23	Common Stock	D	28883	$106.41	Disposed	37668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-23	Stock Appreciation Right	$49.66	M	7197	Disposed	2026-02-05	Common Stock (7197)	Direct
2021-02-23	Stock Appreciation Right	$68.00	M	38733	Disposed	2027-02-10	Common Stock (38733)	Direct

Footnotes

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