Sean Tresvant - 01 Jan 2024 Form 3 Insider Report for YUM BRANDS INC (YUM)

Role: Taco Bell, CEO
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 01 Jan 2024
Net transactions value: $0
Form type: 3
Filing time: 08 Jan 2024, 12:58:21 UTC
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
holding	YUM	Common Stock						33	01 Jan 2024	401(k) Plan
holding	YUM	Common Stock						872	01 Jan 2024	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
holding	YUM	Restricted Stock Units							01 Jan 2024	Common Stock	2,329		Direct	F1, F2, F3
holding	YUM	Restricted Stock Units							01 Jan 2024	Common Stock	4,230		Direct	F1, F2, F3
holding	YUM	Restricted Stock Units							01 Jan 2024	Common Stock	3,910		Direct	F2, F3
holding	YUM	Stock Appreciation Right							01 Jan 2024	Common Stock	22,523	$122.07	Direct	F1
holding	YUM	Stock Appreciation Right							01 Jan 2024	Common Stock	10,024	$131.31	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Vesting occurs 25% per year beginning one year from grant date.
F2	The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.
F3	Conversion occurs on a one-for-one basis.