YUM BRANDS INC — Director's Dealing 2021

Feb 12, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-02-10

Reporting Person: Starrs Artie (CEO - Pizza Hut)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-10	Common Stock	M	6175	$105.00	Acquired	16490	Direct
2021-02-10	Common Stock	D	3766	$105.00	Disposed	12724	Direct
2021-02-10	Common Stock	M	13527	$52.64	Acquired	26251	Direct
2021-02-10	Common Stock	D	8492	$105.00	Disposed	17759	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-10	Stock Appreciation Right	$50.22	M	6175	Disposed	2024-02-05	Common Stock (6175)	Direct
2021-02-10	Stock Appreciation Right	$52.64	M	13527	Disposed	2025-02-06	Common Stock (13527)	Direct

Footnotes

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