Erika Burkhardt Form 3 YUM BRANDS / Erika Burkhardt ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Burkhardt Erika

(Last) (First) (Middle)

7100 CORPORATE DRIVE

(Street)

PLANO TX 75024

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2024

3. Issuer Name and Ticker or Trading Symbol
YUM BRANDS INC [ YUM ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Legal Officer & Corp Sec

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	64	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	02/10/2024(1)	10/02/2024	Common Stock	265.52	(2)	D
Restricted Stock Units	02/09/2025(1)	02/09/2028	Common Stock	775.38	(2)	D
Stock Appreciation Right	02/10/2024	02/10/2030	Common Stock	1,467	102.87	D
Stock Appreciation Right	11/13/2024	11/13/2030	Common Stock	5,260	102.87	D
Stock Appreciation Right	02/11/2023(1)	10/02/2024	Common Stock	5,631	122.07	D
Stock Appreciation Right	02/09/2024	02/09/2034	Common Stock	3,532	130.27	D
Stock Appreciation Right	02/10/2024(1)	02/10/2033	Common Stock	4,511	131.31	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.

	/s/ M. Gayle Hobson, POA	11/05/2024
	** 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 5 (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).
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