Justin Skala - 01 Oct 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: Director
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 01 Oct 2023
Net transactions value: +$314,224
Form type: 4
Filing time: 02 Oct 2023, 15:02:35 UTC
Previous filing: 13 Feb 2023
Next filing: 12 Feb 2024
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	$314,224	+2,515	+28%	$124.94	11,645	01 Oct 2023	Direct
holding	YUM	Common Stock						2,150	01 Oct 2023	Direct

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	-2,515	-100%	$0.000000	0	01 Oct 2023	Common Stock	2,515		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. Director Deferred Compensation Plan do not have expiration dates.