Anthony Lowings - 01 Jul 2021 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: CEO-KFC Division
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 01 Jul 2021
Net transactions value: -$290,689
Form type: 4
Filing time: 02 Jul 2021, 15:49:50 UTC
Next filing: 12 Aug 2021
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	$192,100	+4,187	+10%	$45.88	45,797	01 Jul 2021	Direct	F1
transaction	YUM	Common Stock	Disposed to Issuer	$192,100	-1,670	-3.6%	$115.03	44,127	01 Jul 2021	Direct	F1
transaction	YUM	Common Stock	Sale	$290,688	-2,517	-5.7%	$115.49	41,610	01 Jul 2021	Direct	F1
holding	YUM	Common Stock						863	01 Jul 2021	401(k) Plan
holding	YUM	Common Stock						3,750	01 Jul 2021	Insurance Linked Non Diversified Equity Fund

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	$0	-4,187	-20%	$0.000000	16,748	01 Jul 2021	Common Stock	4,187	$45.88	Direct	F1

* 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