- 
        Signature
      
 
      - 
        /s/ M. Gayle Hobson, POA
      
 
    
    
      
- 
        Stock symbol
      
 
      - 
        YUM
      
 
    
    
      
- 
        Transactions as of
      
 
      - 
        May 15, 2025
      
 
    
    
      
- 
        Transactions value $
      
 
      - 
        -$1,028,402
      
 
    
    
      
- 
        Form type
      
 
      - 
        4
      
 
    
    
      
- 
        Date filed
      
 
      - 
        5/15/2025, 11:44 AM
      
 
    
    
    
    
   
     
   
 
  
    Reporting Owners (1)
  
  
    
      
        
          | Name | 
          Relationship | 
          Address | 
          Signature | 
          Signature date | 
          CIK | 
        
      
      
          
            | Gibbs David W | 
            Chief Executive Officer, Director | 
            7100 CORPORATE DRIVE, PLANO | 
            /s/ M. Gayle Hobson, POA | 
            2025-05-15 | 
            0001628590 | 
          
      
    
   
  
    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 | 
            May 15, 2025 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Disposed to Issuer | 
            -$387K | 
            -2.67K | 
            -1.61% | 
            $145.16 | 
            163K | 
            May 15, 2025 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Sale | 
            -$746K | 
            -5.12K | 
            -3.14% | 
            $145.57 | 
            158K | 
            May 15, 2025 | 
            Direct | 
            F2 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Options Exercise | 
            $180K | 
            +3.18K | 
            +2.02% | 
            $56.67 | 
            161K | 
            May 15, 2025 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Disposed to Issuer | 
            -$181K | 
            -1.24K | 
            -0.77% | 
            $145.16 | 
            160K | 
            May 15, 2025 | 
            Direct | 
            F1 | 
          
          
            | transaction | 
            YUM | 
            Common Stock | 
            Sale | 
            -$282K | 
            -1.94K | 
            -1.21% | 
            $145.57 | 
            158K | 
            May 15, 2025 | 
            Direct | 
            F1 | 
          
          
            | holding | 
            YUM | 
            Common Stock | 
             | 
             | 
             | 
             | 
             | 
            39.5K | 
            May 15, 2025 | 
            Trust - DWG | 
             | 
          
          
            | holding | 
            YUM | 
            Common Stock | 
             | 
             | 
             | 
             | 
             | 
            26.4K | 
            May 15, 2025 | 
            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 | 
            -7.79K | 
            -12.5% | 
            $0.00 | 
            54.5K | 
            May 15, 2025 | 
            Common Stock | 
            7.79K | 
            $49.66 | 
            Direct | 
            F1, F3 | 
          
          
            | transaction | 
            YUM | 
            Stock Appreciation Right | 
            Options Exercise | 
            $0 | 
            -3.18K | 
            -10% | 
            $0.00 | 
            28.7K | 
            May 15, 2025 | 
            Common Stock | 
            3.18K | 
            $56.67 | 
            Direct | 
            F1, F3 | 
          
      
    
   
  
    * 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: