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: Cornell Brian C (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-08	Phantom Stock	$	A	2515.4799	Acquired		Common Stock (2515.4799)	Direct
2021-02-08	Phantom Stock	$	A	1644.7368	Acquired		Common Stock (1644.7368)	Direct

Footnotes

F1: Conversion occurs on a one-for-one basis.

F2: Payments are made in accordance with elections on file.

F3: Phantom units accrued under the YUM! Brands, Inc. Director Deferred Compensation Plan do not have expiration dates.