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

Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
Dec 15, 2023
Transactions value $
-$493,828
Form type
4
Date filed
12/18/2023, 10:43 AM
Previous filing
Nov 16, 2023
Next filing
Jan 3, 2024

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 Dec 15, 2023 Direct F1
transaction YUM Common Stock Disposed to Issuer -$154K -1.18K -1.95% $131.11 59.2K Dec 15, 2023 Direct F1
transaction YUM Common Stock Sale -$246K -1.89K -3.19% $130.17 57.3K Dec 15, 2023 Direct F1
transaction YUM Common Stock Options Exercise $155K +3.08K +5.38% $50.22 60.4K Dec 15, 2023 Direct F1
transaction YUM Common Stock Disposed to Issuer -$155K -1.18K -1.96% $131.11 59.2K Dec 15, 2023 Direct F1
transaction YUM Common Stock Sale -$248K -1.9K -3.21% $130.17 57.3K Dec 15, 2023 Direct F1
holding YUM Common Stock 39.5K Dec 15, 2023 Trust - DWG
holding YUM Common Stock 26.4K Dec 15, 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 -50% $0.00 3.07K Dec 15, 2023 Common Stock 3.07K $50.22 Direct F1, F2
transaction YUM Stock Appreciation Right Options Exercise $0 -3.08K -33.51% $0.00 6.12K Dec 15, 2023 Common Stock 3.08K $50.22 Direct F1
* 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 Vesting occurs on a quarterly basis beginning one year from grant date.