YUM BRANDS INC — Director's Dealing 2021

Feb 18, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-02-16

Reporting Person: Starrs Artie (CEO - Pizza Hut)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-16	Common Stock	M	10213	$52.64	Acquired	27972	Direct
2021-02-16	Common Stock	D	6348	$106.10	Disposed	21624	Direct
2021-02-16	Common Stock	M	10000	$49.66	Acquired	31624	Direct
2021-02-16	Common Stock	D	6133	$106.10	Disposed	25491	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-16	Stock Appreciation Right	$52.64	M	10213	Disposed	2025-02-06	Common Stock (10213)	Direct
2021-02-16	Stock Appreciation Right	$49.66	M	10000	Disposed	2026-02-05	Common Stock (10000)	Direct

Footnotes

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