David Eric Russell - 09 Feb 2024 Form 4 Insider Report for YUM BRANDS INC (YUM)

Signature
/s/ M. Gayle Hobson, POA
Issuer symbol
YUM
Transactions as of
09 Feb 2024
Net transactions value
-$2,083,059
Form type
4
Filing time
12 Feb 2024, 11:35:12 UTC
Previous filing
25 Jan 2024
Next filing
02 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUM Common Stock Options Exercise $712,061 +13,527 +72% $52.64 32,188 09 Feb 2024 Direct F1
transaction YUM Common Stock Disposed to Issuer $1,034,786 -7,982 -25% $129.64 24,206 09 Feb 2024 Direct F1
transaction YUM Common Stock Sale $718,798 -5,545 -23% $129.63 18,661 09 Feb 2024 Direct F1
transaction YUM Common Stock Options Exercise $712,061 +13,527 +72% $52.64 32,188 09 Feb 2024 Direct F1
transaction YUM Common Stock Disposed to Issuer $1,186,595 -9,153 -28% $129.64 23,035 09 Feb 2024 Direct F1
transaction YUM Common Stock Sale $567,002 -4,374 -19% $129.63 18,661 09 Feb 2024 Direct F1
holding YUM Common Stock 851 09 Feb 2024 401(k) Holdings

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 -13,527 -100% $0.000000* 0 09 Feb 2024 Common Stock 13,527 $52.64 Direct F1, F2
transaction YUM Stock Appreciation Right Options Exercise $0 -13,527 -100% $0.000000* 0 09 Feb 2024 Common Stock 13,527 $52.64 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 implemented on February 24, 2023.
F2 Vesting occurs 25% per year beginning one year from grant date.