YUM BRANDS INC — Director's Dealing 2021

Feb 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2020-09-11

Reporting Person: Turner Christopher Lee (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-11	Restricted Stock Units	$119.02	J	43.58	Acquired		Common Stock (43.58)	Direct
2020-12-11	Restricted Stock Units	$119.02	J	38.13	Acquired		Common Stock (38.13)	Direct

Footnotes

F1: Vesting occurs 33% per year beginning one year from grant date.

F2: Shares underlying grant will fully distribute 08/09/2022.