YUM BRANDS INC — Director's Dealing 2021

Jan 20, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2021-01-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-15	Common Stock	M	3768	$35.10	Acquired	14145	Direct
2021-01-15	Common Stock	D	1228	$107.78	Disposed	12917	Direct
2021-01-15	Common Stock	S	2540	$107.52	Disposed	10377	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-15	Stock Appreciation Right	$35.10	M	3768	Disposed	2021-02-04	Common Stock (3768)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39499	Indirect
Common Stock	26394	Indirect

Footnotes

F1: Pursuant to 10b5-1 Plan

F2: Vesting occurs on a quarterly basis beginning one year from grant date.