Mark James King - 01 Nov 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role
CEO - Taco Bell
Signature
/s/ M. Gayle Hobson, POA
Issuer symbol
YUM
Transactions as of
01 Nov 2023
Net transactions value
-$36,147
Form type
4
Filing time
03 Nov 2023, 10:59:01 UTC
Previous filing
20 Dec 2023
Next filing
07 Nov 2023
SEC
View on sec.gov

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 Restricted Stock Units Tax liability $15,162 -125 -4.6% $121.30 2,616 01 Nov 2023 Common Stock 125 Direct F1, F2, F3
transaction YUM Restricted Stock Units Tax liability $20,985 -173 -4.5% $121.30 3,635 01 Nov 2023 Common Stock 173 $131.31 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock. Vesting occurs upon distribution date of grant, that is 4 years from grant date.
F2 Vesting occurs 25% per year beginning one year from grant date.
F3 The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.