David W. Gibbs - Mar 17, 2025 Form 4 Insider Report for YUM BRANDS INC (YUM)

Role: Chief Executive Officer, Director
Signature: /s/ M. Gayle Hobson, POA
Stock symbol: YUM
Transactions as of: Mar 17, 2025
Transactions value $: -$816,490
Form type: 4
Date filed: 3/18/2025, 10:29 AM
Previous filing: Mar 7, 2025

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	YUM	Common Stock	Options Exercise	$387K	+7.79K	+4.93%	$49.66	166K	Mar 17, 2025	Direct	F1
transaction	YUM	Common Stock	Disposed to Issuer	-$387K	-2.5K	-1.51%	$155.05	163K	Mar 17, 2025	Direct	F1
transaction	YUM	Common Stock	Sale	-$816K	-5.29K	-3.24%	$154.24	158K	Mar 17, 2025	Direct	F1
holding	YUM	Common Stock						39.5K	Mar 17, 2025	Trust - DWG
holding	YUM	Common Stock						26.4K	Mar 17, 2025	Trust SJG

Showing 1 to 5 of 5 entries

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	-7.79K	-10%	$0.00	70.1K	Mar 17, 2025	Common Stock	7.79K	$49.66	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
F2	Vesting occurs 25% per year beginning one year from grant date.