David W. Gibbs - 14 Apr 2023 Form 4 Insider Report for YUM BRANDS INC (YUM)

Signature
/s/ M. Gayle Hobson, POA
Issuer symbol
YUM
Transactions as of
14 Apr 2023
Transactions value $
-$519,969
Form type
4
Filing time
14 Apr 2023, 15:07:44 UTC
Previous filing
04 Apr 2023
Next filing
16 May 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction YUM Common Stock Options Exercise $154,928 +3,085 +5.4% $50.22 60,410 14 Apr 2023 Direct F1
transaction YUM Common Stock Disposed to Issuer -$154,993 -1,151 -1.9% $134.66 59,259 14 Apr 2023 Direct F2
transaction YUM Common Stock Sale -$260,722 -1,934 -3.3% $134.81 57,325 14 Apr 2023 Direct F3
transaction YUM Common Stock Options Exercise $153,974 +3,066 +5.3% $50.22 60,391 14 Apr 2023 Direct F4
transaction YUM Common Stock Disposed to Issuer -$154,051 -1,144 -1.9% $134.66 59,247 14 Apr 2023 Direct F5
transaction YUM Common Stock Sale -$259,104 -1,922 -3.2% $134.81 57,325 14 Apr 2023 Direct F6
holding YUM Common Stock 39,499 14 Apr 2023 Trust - DWG
holding YUM Common Stock 26,394 14 Apr 2023 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 -3,085 -9.1% $0 30,796 14 Apr 2023 Common Stock 3,085 $50.22 Direct F1
transaction YUM Stock Appreciation Right Options Exercise $0 -3,066 -10% $0 27,586 14 Apr 2023 Common Stock 3,066 $50.22 Direct F4, F7
* 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 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F3 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F4 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F5 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F6 Pursuant to 10b5-1 Plan adopted on February 24, 2023
F7 Vesting occurs on a quarterly basis beginning one year from grant date.