David W. Gibbs - Jan 16, 2024 Form 4 Insider Report for YUM BRANDS INC (YUM)

Signature
/s/ M. Gayle Hobson, POA
Stock symbol
YUM
Transactions as of
Jan 16, 2024
Transactions value $
-$485,518
Form type
4
Date filed
1/16/2024, 03:49 PM
Previous filing
Jan 3, 2024
Next filing
Jan 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUM Common Stock Options Exercise $154K +3.07K +5.35% $50.22 60.4K Jan 16, 2024 Direct F1
transaction YUM Common Stock Disposed to Issuer -$154K -1.19K -1.98% $129.13 59.2K Jan 16, 2024 Direct F1
transaction YUM Common Stock Sale -$242K -1.87K -3.16% $129.21 57.3K Jan 16, 2024 Direct F1
transaction YUM Common Stock Options Exercise $155K +3.08K +5.38% $50.22 60.4K Jan 16, 2024 Direct F1
transaction YUM Common Stock Disposed to Issuer -$155K -1.2K -1.99% $129.13 59.2K Jan 16, 2024 Direct F1
transaction YUM Common Stock Sale -$243K -1.88K -3.18% $129.21 57.3K Jan 16, 2024 Direct F1
holding YUM Common Stock 39.5K Jan 16, 2024 Trust - DWG
holding YUM Common Stock 26.4K Jan 16, 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 -3.07K -100% $0.00* 0 Jan 16, 2024 Common Stock 3.07K $50.22 Direct F1, F2
transaction YUM Stock Appreciation Right Options Exercise $0 -3.08K -50.4% $0.00 3.03K Jan 16, 2024 Common Stock 3.08K $50.22 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 adopted on February 24, 2023
F2 Vesting occurs on a quarterly basis beginning one year from grant date.