YUM BRANDS INC — Director's Dealing 2021

Feb 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-02-08

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Stock Appreciation Right	$103.36	A	235073	Acquired	2031-02-08	Common Stock (235073)	Direct

Footnotes

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