David W. Gibbs - Mar 15, 2024 Form 4 Insider Report for YUM BRANDS INC (YUM)

Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
Mar 15, 2024
Transactions value $
-$963,608
Form type
4
Date filed
3/19/2024, 11:24 AM
Previous filing
Nov 4, 2024
Next filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUM Common Stock Options Exercise $326K +6.2K +3.47% $52.64 185K Mar 15, 2024 Direct F1
transaction YUM Common Stock Disposed to Issuer -$326K -2.38K -1.29% $137.16 182K Mar 15, 2024 Direct F1
transaction YUM Common Stock Sale -$521K -3.82K -2.09% $136.34 179K Mar 15, 2024 Direct F1
transaction YUM Common Stock Sale -$443K -3.25K -1.82% $136.34 175K Mar 15, 2024 Direct F1
holding YUM Common Stock 39.5K Mar 15, 2024 Trust - DWG
holding YUM Common Stock 26.4K Mar 15, 2024 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 -6.2K -10% $0.00 55.8K Mar 15, 2024 Common Stock 6.2K $52.64 Direct F1, F2
* 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 that was adopted December 1, 2023
F2 Vesting occurs 25% per year beginning one year from grant date.