Justin Skala - 01 Apr 2021 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: Director
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 01 Apr 2021
Net transactions value: +$381,132
Form type: 4
Filing time: 25 Oct 2021, 11:06:36 UTC
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	$381,132	+3,529	+115%	$108.00	6,603	01 Apr 2021	Direct
holding	YUM	Common Stock						2,150	01 Apr 2021	Direct

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	Phantom Stock	Options Exercise	$0	-3,529	-100%	$0.000000	0	01 Apr 2021	Common Stock	3,529		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Conversion occurs on a one-for-one basis.
F2	Payments are made in accordance with elections on file.
F3	Phantom units accrued under the YUM! Brands, Inc. Director Deferred Compensation Plan do not have expiration dates.