David W. Gibbs - 14 Jan 2022 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: Chief Executive Officer, Director
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 14 Jan 2022
Net transactions value: -$285,871
Form type: 4
Filing time: 19 Jan 2022, 09:18:45 UTC
Previous filing: 05 Jan 2022
Next filing: 14 Feb 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUM	Common Stock	Options Exercise	$102,175	+2,227	+12%	$45.88	21,393	14 Jan 2022	Direct	F1
transaction	YUM	Common Stock	Disposed to Issuer	$102,275	-794	-3.7%	$128.81	20,599	14 Jan 2022	Direct	F1
transaction	YUM	Common Stock	Sale	$183,596	-1,433	-7%	$128.12	19,166	14 Jan 2022	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	YUM	Stock Appreciation Right	Options Exercise	$102,175	-2,227	-25%	$45.88	6,681	14 Jan 2022	Common Stock	2,227	$45.88	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Pursuant to 10b5-1 Plan.
F2	Vesting occurs on a quarterly basis beginning one year from grant date.