- 
        Signature
      
 
      - 
        /s/ M. Gayle Hobson, POA
      
 
    
    
      
- 
        Stock symbol
      
 
      - 
        YUM
      
 
    
    
      
- 
        Transactions as of
      
 
      - 
        Dec 15, 2023
      
 
    
    
      
- 
        Transactions value $
      
 
      - 
        -$493,828
      
 
    
    
      
- 
        Form type
      
 
      - 
        4
      
 
    
    
      
- 
        Date filed
      
 
      - 
        12/18/2023, 10:43 AM
      
 
    
    
    
    
   
     
   
 
  
    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 | 
            Dec 15, 2023 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Disposed to Issuer | 
            -$154K | 
            -1.18K | 
            -1.95% | 
            $131.11 | 
            59.2K | 
            Dec 15, 2023 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Sale | 
            -$246K | 
            -1.89K | 
            -3.19% | 
            $130.17 | 
            57.3K | 
            Dec 15, 2023 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Options Exercise | 
            $155K | 
            +3.08K | 
            +5.38% | 
            $50.22 | 
            60.4K | 
            Dec 15, 2023 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Disposed to Issuer | 
            -$155K | 
            -1.18K | 
            -1.96% | 
            $131.11 | 
            59.2K | 
            Dec 15, 2023 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Sale | 
            -$248K | 
            -1.9K | 
            -3.21% | 
            $130.17 | 
            57.3K | 
            Dec 15, 2023 | 
            Direct | 
            F1 | 
          
          
            | holding | 
            YUM | 
            Common Stock | 
             | 
             | 
             | 
             | 
             | 
            39.5K | 
            Dec 15, 2023 | 
            Trust - DWG | 
             | 
          
          
            | holding | 
            YUM | 
            Common Stock | 
             | 
             | 
             | 
             | 
             | 
            26.4K | 
            Dec 15, 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 | 
            -3.07K | 
            -50% | 
            $0.00 | 
            3.07K | 
            Dec 15, 2023 | 
            Common Stock | 
            3.07K | 
            $50.22 | 
            Direct | 
            F1, F2 | 
          
          
            | transaction | 
            YUM | 
            Stock Appreciation Right | 
            Options Exercise | 
            $0 | 
            -3.08K | 
            -33.51% | 
            $0.00 | 
            6.12K | 
            Dec 15, 2023 | 
            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: