David W. Gibbs - Apr 14, 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
Apr 14, 2023
Transactions value $
-$519,969
Form type
4
Date filed
4/14/2023, 03:07 PM
Previous filing
Apr 4, 2023
Next filing
May 16, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUM Common Stock Options Exercise $155K +3.09K +5.38% $50.22 60.4K Apr 14, 2023 Direct F1
transaction YUM Common Stock Disposed to Issuer -$155K -1.15K -1.91% $134.66 59.3K Apr 14, 2023 Direct F2
transaction YUM Common Stock Sale -$261K -1.93K -3.26% $134.81 57.3K Apr 14, 2023 Direct F3
transaction YUM Common Stock Options Exercise $154K +3.07K +5.35% $50.22 60.4K Apr 14, 2023 Direct F4
transaction YUM Common Stock Disposed to Issuer -$154K -1.14K -1.89% $134.66 59.2K Apr 14, 2023 Direct F5
transaction YUM Common Stock Sale -$259K -1.92K -3.24% $134.81 57.3K Apr 14, 2023 Direct F6
holding YUM Common Stock 39.5K Apr 14, 2023 Trust - DWG
holding YUM Common Stock 26.4K Apr 14, 2023 Trust SJG

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 -3.09K -9.11% $0.00 30.8K Apr 14, 2023 Common Stock 3.09K $50.22 Direct F1
transaction YUM Stock Appreciation Right Options Exercise $0 -3.07K -10% $0.00 27.6K Apr 14, 2023 Common Stock 3.07K $50.22 Direct F4, F7
* 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 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F2 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F3 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F4 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F5 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F6 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F7 Vesting occurs on a quarterly basis beginning one year from grant date.