David W. Gibbs - May 15, 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role
Chief Executive Officer, Director
Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
May 15, 2023
Transactions value $
-$544,601
Form type
4
Date filed
5/16/2023, 05:20 PM
Previous filing
Apr 14, 2023
Next filing
Jun 16, 2023

Transactions Table

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 -3.07K -11.11% $0.00 24.5K May 15, 2023 Common Stock 3.07K $50.22 Direct F1, F7
transaction YUM Stock Appreciation Right Options Exercise $0 -3.09K -10.02% $0.00 27.7K May 15, 2023 Common Stock 3.09K $50.22 Direct F4
* 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 that was adopted February 24, 2023.
F2 Pursuant to 10b5-1 Plan that was adopted February 24, 2023.
F3 Pursuant to 10b5-1 Plan that was adopted February 24, 2023.
F4 Pursuant to 10b5-1 Plan that was adopted February 24, 2023.
F5 Pursuant to 10b5-1 Plan that was adopted February 24, 2023.
F6 Pursuant to 10b5-1 Plan that was adopted February 24, 2023.
F7 Vesting occurs on a quarterly basis beginning one year from grant date.