SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Catlett Scott

(Last) (First) (Middle)
1441 GARDINER LANE

(Street)
LOUISVILLE KY 40213

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [ YUM ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Legal &Franchise Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/09/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 02/10/2024 M 10,474 A $130.27 44,412.41 D
Common Stock 02/10/2024 F 4,772 D $130.27 39,640.41 D
Common Stock 02/10/2024 M 1,091 A $130.27 40,731.41 D
Common Stock 02/10/2024 F 498 D $130.27 40,233.41 D
Common Stock 02/11/2024 M 1,196 A $130.27 41,429.41 D
Common Stock 02/11/2024 F 546 D $130.27 40,883.41 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Appreciation Right $130.27 02/09/2024 A 20,746 (1) 02/09/2034 Common Stock 20,746 $0 20,746 D
Restricted Stock Units (2) 02/09/2024 A 4,510 (1) (3) Common Stock 4,510 $0 4,510 D
Restricted Stock Units (4) 02/10/2024 M 10,474 02/10/2024 02/10/2024 Common Stock 10,474 $0 0.87 D
Restricted Stock Units $131.31 02/10/2024 M 1,091 (1) (3) Common Stock 1,091 $0 3,275.14 D
Restricted Stock Units (2) 02/11/2024 M 1,196 (1) 02/11/2032 Common Stock 1,196 $0 2,395.56 D
Explanation of Responses:
1. Vesting occurs 25% per year beginning one year from grant date.
2. Conversion occurs on a one-for-one basis.
3. The final distribution under this grant will occur four years from the grant date. There are no specified expiration dates for this grant.
4. Each restricted stock unit represents a contingent right to receive one share of Issuer's common stock
/s/ M. Gayle Hobson, POA 02/12/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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