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

Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
Apr 15, 2024
Transactions value $
-$979,483
Form type
4
Date filed
4/16/2024, 11:31 AM
Previous filing
Apr 2, 2024
Next filing
May 15, 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 +3.53% $52.64 182K Apr 15, 2024 Direct F1
transaction YUM Common Stock Disposed to Issuer -$326K -2.37K -1.3% $137.80 179K Apr 15, 2024 Direct F1
transaction YUM Common Stock Sale -$530K -3.83K -2.14% $138.37 175K Apr 15, 2024 Direct F1
transaction YUM Common Stock Sale -$450K -3.25K -1.85% $138.37 172K Apr 15, 2024 Direct F1
holding YUM Common Stock 39.5K Apr 15, 2024 Trust - DWG
holding YUM Common Stock 26.4K Apr 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 -11.11% $0.00 49.6K Apr 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.