David Eric Russell - 01 Apr 2024 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: Vice President, Controller
Signature: /s/ M. Gayle Hobson, POA
Issuer symbol: YUM
Transactions as of: 01 Apr 2024
Net transactions value: +$457,406
Form type: 4
Filing time: 02 Apr 2024, 10:17:01 UTC
Previous filing: 12 Feb 2024
Next filing: 09 Dec 2024
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUM	Common Stock	Options Exercise	$581,637	+4,195	+22%	$138.65	22,856	01 Apr 2024	Direct
transaction	YUM	Common Stock	Tax liability	$238,478	-1,720	-7.5%	$138.65	21,136	01 Apr 2024	Direct
transaction	YUM	Common Stock	Options Exercise	$193,833	+1,398	+6.6%	$138.65	22,534	01 Apr 2024	Direct
transaction	YUM	Common Stock	Tax liability	$79,585	-574	-2.5%	$138.65	21,960	01 Apr 2024	Direct
holding	YUM	Common Stock						851	01 Apr 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	Phantom Stock	Options Exercise	$0	-4,195	-100%	$0.000000	1	01 Apr 2024	Common Stock	4,195		Direct	F1, F2, F3
transaction	YUM	Phantom Stock	Options Exercise	$0	-1,398	-100%	$0.000000	1	01 Apr 2024	Common Stock	1,398		Direct	F1, F2, F3

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

Explanation of Responses:

Id	Content
F1	Conversion occurs on a one-for-one basis.
F2	Payments are made in accordance with elections on file.
F3	Phantom units accrued under the YUM! Brands, Inc. Executive Income Deferral Program do not have expiration dates.