YUM BRANDS INC — Director's Dealing 2023

Mar 28, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: YUM BRANDS INC (YUM)
CIK: 0001041061
Period of Report: 2023-03-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-27	Common Stock	M	3066	$50.22	Acquired	63425.93	Direct
2023-03-27	Common Stock	D	1205	$127.83	Disposed	62220.93	Direct
2023-03-27	Common Stock	S	1861	$128.43	Disposed	60359.93	Direct
2023-03-27	Common Stock	M	50.22	$3085.00	Acquired	60410.15	Direct
2023-03-27	Common Stock	D	1212	$127.83	Disposed	59198.15	Direct
2023-03-27	Common Stock	S	1873	$128.43	Disposed	57325.15	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-27	Stock Appreciation Right	$50.22	M	3066	Disposed	2024-02-05	Common Stock (3066)	Direct
2023-03-27	Stock Appreciation Right	$50.22	M	50.22	Disposed	2024-02-05	Common Stock (50.22)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39499	Indirect
Common Stock	26394	Indirect

Footnotes

F1: Pursuant 10b5-1 plan.

F2: Pursuant to 10b5-1 Plan

F3: Pursuant to 10b5-1 Plan

F4: Pursuant to 10b5-1 plan

F5: Pursuant to 10b5-1 plan

F6: Pursuant to 10b5-1 plan.

F7: Vesting occurs on a quarterly basis beginning one year from grant date.