Tracy L. Skeans - Mar 31, 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: COO and CPO
Signature: /s/ M. Gayle Hobson, POA
Stock symbol: YUM
Transactions as of: Mar 31, 2023
Transactions value $: -$500,280
Form type: 4
Date filed: 4/3/2023, 02:07 PM
Previous filing: Dec 20, 2023
Next filing: Apr 14, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUM	Common Stock	Sale	-$500K	-3.79K	-26.33%	$132.00	10.6K	Mar 31, 2023	Direct	F1
holding	YUM	Common Stock						2.1K	Mar 31, 2023	401(k) Plan
holding	YUM	Common Stock						7.25K	Mar 31, 2023	Skeans Trust

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

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id	Content
F1	Shares sold pursuant to 10b5-1 plan that was implemented on February 24, 2023.