David Eric Russell - 01 Apr 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: Vice President, Controller
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 01 Apr 2023
Net transactions value: +$500,055
Form type: 4
Filing time: 03 Apr 2023, 13:57:16 UTC
Previous filing: 13 Feb 2023
Next filing: 05 Jul 2023
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	$508,904	+3,853	+22%	$132.08	21,119	01 Apr 2023	Direct
transaction	YUM	Common Stock	Tax liability	$134,986	-1,022	-4.8%	$132.08	20,097	01 Apr 2023	Direct
transaction	YUM	Common Stock	Options Exercise	$171,704	+1,300	+6.5%	$132.08	21,397	01 Apr 2023	Direct
transaction	YUM	Common Stock	Tax liability	$45,568	-345	-1.6%	$132.08	21,052	01 Apr 2023	Direct
holding	YUM	Common Stock						851	01 Apr 2023	401(k) Holdings

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	-3,853	-100%	$0.000000	0	01 Apr 2023	Common Stock	3,853		Direct	F1, F2, F3
transaction	YUM	Phantom Stock	Options Exercise	$0	-1,300	-100%	$0.000000	1	01 Apr 2023	Common Stock	1,300		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. Executive Income Deferral Program do not have expiration dates.