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

Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
Jul 14, 2023
Transactions value $
-$527,123
Form type
4
Date filed
7/17/2023, 02:08 PM
Previous filing
Jul 5, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUM Common Stock Options Exercise $154K +3.07K +5.35% $50.22 60.4K Jul 14, 2023 Direct F1
transaction YUM Common Stock Disposed to Issuer -$154K -1.13K -1.88% $135.95 59.3K Jul 14, 2023 Direct F2
transaction YUM Common Stock Sale -$263K -1.93K -3.26% $135.92 57.3K Jul 14, 2023 Direct F1
transaction YUM Common Stock Options Exercise $155K +3.09K +5.38% $50.22 60.4K Jul 14, 2023 Direct F3
transaction YUM Common Stock Disposed to Issuer -$155K -1.14K -1.89% $135.95 59.3K Jul 14, 2023 Direct F4
transaction YUM Common Stock Sale -$264K -1.95K -3.28% $135.92 57.3K Jul 14, 2023 Direct F5
holding YUM Common Stock 39.5K Jul 14, 2023 Trust - DWG
holding YUM Common Stock 26.4K Jul 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 -3.07K -14.29% $0.00 18.4K Jul 14, 2023 Common Stock 3.07K $50.22 Direct F1, F6
transaction YUM Stock Appreciation Right Options Exercise $0 -3.09K -12.53% $0.00 21.5K Jul 14, 2023 Common Stock 3.09K $50.22 Direct F3
* 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 Vesting occurs on a quarterly basis beginning one year from grant date.