Form 4 - Statement of changes in beneficial ownership of securities

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^*

Sami Sabir

(Last)

(First)

(Middle)

1441 GARDINER LANE

(Street)

LOUISVILLE

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 Executive Officer - KFC

3. Date of Earliest Transaction (Month/Day/Year)
08/07/2024

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/07/2024		S		9,005	D	$137.16	67.55	D
Common Stock	08/07/2024		M		3,440	A	$49.66	3,507.55	D
Common Stock	08/07/2024		D		1,247	D	$137	2,260.55	D
Common Stock	08/07/2024		S		2,193	D	$137.16	67.55	D
Common Stock	08/07/2024		M		11,582	A	$68	11,649.55	D
Common Stock	08/07/2024		D		5,749	D	$137	5,900.55	D
Common Stock	08/07/2024		S		5,833	D	$137.16	67.55	D
Common Stock	08/07/2024		M		9,075	A	$78.07	9,142.55	D
Common Stock	08/07/2024		D		5,172	D	$137	3,970.55	D
Common Stock	08/07/2024		S		3,903	D	$137.16	67.55	D
Common Stock	08/07/2024		M		13,656	A	$93.26	13,723.55	D
Common Stock	08/07/2024		D		9,297	D	$137	4,426.55	D
Common Stock	08/07/2024		S		4,359	D	$137.16	67.55	D
Common Stock	08/07/2024		M		5,830	A	$68	5,897.55	D
Common Stock	08/07/2024		M		12,218	A	$102.87	18,115.55	D
Common Stock	08/07/2024		M		13,040	A	$102.87	31,155.55	D
Common Stock	08/07/2024		M		1,761	A	$103.36	32,916.55	D
Common Stock	08/07/2024		M		8,211	A	$122.07	41,127.55	D
Common Stock	08/07/2024		M		4,698	A	$131.31	45,825.55	D
Common Stock	08/07/2024		S		5,830	D	$137.16	39,995.55	D
Common Stock	08/07/2024		S		12,218	D	$137.16	27,777.55	D
Common Stock	08/07/2024		S		13,040	D	$137.16	14,737.55	D
Common Stock	08/07/2024		S		1,761	D	$137.16	12,976.55	D
Common Stock	08/07/2024		S		8,211	D	$137.16	4,765.55	D
Common Stock	08/07/2024		S		4,698	D	$137.16	67.55	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Appreciation Right	$49.66	08/07/2024		M			3,440	02/05/2017	02/05/2026	Common Stock	3,440	$0	0	D
Stock Appreciation Right	$68	08/07/2024		M			11,582	02/10/2018	02/10/2027	Common Stock	11,582	$0	0	D
Stock Appreciation Right	$78.07	08/07/2024		M			9,075	02/12/2019	02/12/2028⁽¹⁾	Common Stock	9,075	$0	0	D
Stock Appreciation Right	$93.26	08/07/2024		M			13,656	02/11/2020⁽¹⁾	02/11/2029	Common Stock	13,656	$0	0	D
Employee Stock Option (Right to Buy)	$68	08/07/2024		M			5,830	02/10/2018⁽²⁾	02/10/2027	Common Stock	5,830	$0	0	D
Employee Stock Option (Right to Buy)	$102.87	08/07/2024		M			12,218	02/10/2021⁽¹⁾	02/10/2030	Common Stock	12,218	$0	0	D
Employee Stock Option (Right to Buy)	$102.87	08/07/2024		M			13,040	11/13/2021	11/13/2030	Common Stock	13,040	$0	0	D
Employee Stock Option (Right to Buy)	$103.36	08/07/2024		M			1,761	01/07/2022	01/07/2022	Common Stock	1,761	$0	588	D
Employee Stock Option (Right to Buy)	$122.07	08/07/2024		M			8,211	⁽²⁾	02/11/2032	Common Stock	8,211	$0	8,212	D
Employee Stock Option (Right to Buy)	$131.31	08/07/2024		M			4,698	⁽²⁾	02/10/2033	Common Stock	4,698	$0	14,096	D

Explanation of Responses:

1. Vesting occurs on a quarterly basis beginning one year from grant date.

2. Vesting occurs 25% per year beginning one year from grant date.

	/s/ M. Gayle Hobson, POA	08/09/2024
	** 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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