XML 124 R2.htm IDEA: XBRL DOCUMENT v3.25.1
Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

PAY Versus Performance Disclosure

As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid (as defined by SEC rules) and certain financial performance of the Company. The Management Planning and Development Committee did not consider the pay versus performance disclosure when making its incentive compensation decisions. For further information about how we align executive compensation with the company’s performance, see “Compensation Discussion and Analysis” on page 52 above. The amounts in the table below are calculated in accordance with SEC rules and do not represent amounts actually earned or realized by NEOs, including with respect to SARs, RSUs and PSUs. See the “2024 Option Exercises and Stock Vested” table on page 78 for more information.

The following table sets forth additional compensation information of our Chief Executive Officer (CEO) and our non-CEO NEOs along with total shareholder return, net income, and Core Operating Profit Growth performance results for 2020, 2021, 2022, 2023 and 2024.

 

 

 

 

 

 

 

Average

 

 

 

 

Value of Initial Fixed $100
Investment Based On:

 

 

 

 

Year(1)

 

Summary
Compensation
Table Total for
CEO ($)

 

Compensation
Actually
Paid to CEO ($)
(2)(3)

 

 

Summary
Compensation
Table Total for
Non-CEO
NEOs ($)

 

Average
Compensation
Actually Paid
to Non-CEO
NEOs($)
(2)(3)

 

 

Total
Shareholder
Return ($)
(9)

 

Peer Group
Total
Shareholder
Return ($)
(9)

 

Net Income ($)

 

Core
Operating
Profit
Growth
(10)

2024

 

24,706,462

 

10,763,339

(4)

 

5,324,145

 

4,140,120

(4)

 

146

 

193

 

1,486,000,000

 

8%

2023

 

21,238,955

 

19,362,404

(5)

 

5,606,206

 

5,685,564

(5)

 

140

 

149

 

1,597,000,000

 

12%

2022

 

16,671,654

 

16,099,314

(6)

 

4,984,077

 

4,629,758

(6)

 

134

 

104

 

1,325,000,000

 

5%

2021

 

27,578,659

 

45,011,805

(7)

 

8,305,919

 

13,880,647

(7)

 

143

 

166

 

1,575,000,000

 

18%

2020

 

14,631,451

 

10,894,204

(8)

 

4,294,455

 

4,270,359

(8)

 

110

 

133

 

904,000,000

 

(7)%

 

(1) The CEO and NEOs included in the above compensation columns reflect the following:

 

Year

 

CEO

 

NEOs

2024

 

David Gibbs

 

Chris Turner, Sabir Sami, Tracy Skeans, Sean Tresvant, Scott Catlett

2023

 

David Gibbs

 

Chris Turner, Tracy Skeans, Sabir Sami, Aaron Powell

2022

 

David Gibbs

 

Chris Turner, Tracy Skeans, Mark King, Aaron Powell

2021

 

David Gibbs

 

Chris Turner, Tracy Skeans, Mark King, Tony Lowings

 

(2) Fair value or change in fair value, as applicable, of equity awards in the “Compensation Actually Paid” columns was determined by reference to (1) for RSU awards, closing price of YUM common stock on applicable year-end dates or, in the case of vesting dates, the actual vesting price, (2) for PSU awards, the same valuation methodology as RSU awards above except year-end and vesting date values are multiplied by the probability of achievement or actual results, as applicable, as of each such date and, for PSU awards with market-based conditions, the probability is determined based on the outcome of a Monte Carlo simulation and (3) for SARs, the fair value calculated by a Black-Scholes option-pricing model as of the applicable year-end or vesting date(s), determined based on the same methodology as used to determine grant date fair values but using the closing YUM or YUM China common stock price on the applicable revaluation date as the current market price as of the revaluation date, and in all cases based on expected term, as determined using the simplified method, volatility, dividend rates and risk free rates determined as of the revaluation date. The simplified method was used to determine expected term as of the revaluation date as we do not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term for awards with remaining contractual terms of less than 10 years.

(3) For the portion of “Compensation Actually Paid” that is based on year-end stock prices, the following prices were used: for 2024: $134.16 (a 3% increase from prior year); for 2023: $130.66 (a 2% increase from prior year); for 2022: $128.08 (an 8% reduction from prior year), for 2021: $138.86 (a 28% increase from prior year), and for 2020: $108.56 (an 8% increase from prior year).

(4) 2024 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2024 Summary Compensation Table (SCT)

 

 

24,706,462

 

 

 

5,324,145

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

12,492,167

 

 

 

2,644,292

 

Less, Change in Pension Value in SCT

 

 

8,869,045

 

 

 

237,218

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

593,949

 

 

 

49,134

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

11,145,269

 

 

 

2,359,184

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

(1,776,592

)

 

 

(301,769

)

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(2,544,537

)

 

 

(409,064

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(13,943,123

)

 

 

(1,184,025

)

“Compensation Actually Paid” for Fiscal Year 2024

 

 

10,763,339

 

 

 

4,140,120

 

 

(5) 2023 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2023 Summary Compensation Table (SCT)

 

 

21,238,955

 

 

 

5,606,206

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

11,971,618

 

 

 

2,602,626

 

Less, Change in Pension Value in SCT

 

 

2,999,005

 

 

 

93,896

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

602,421

 

 

 

57,783

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

12,975,399

 

 

 

2,820,850

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

1,934,143

 

 

 

369,155

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(2,417,891

)

 

 

(471,908

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(1,876,551

)

 

 

79,358

 

“Compensation Actually Paid” for Fiscal Year 2023

 

 

19,362,404

 

 

 

5,685,564

 

 

(6) 2022 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2022 Summary Compensation Table (SCT)

 

 

16,671,654

 

 

 

4,984,077

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

11,763,389

 

 

 

2,342,510

 

Less, Change in Pension Value in SCT

 

 

367,990

 

 

 

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

623,605

 

 

 

82,464

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

13,486,323

 

 

 

2,685,599

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

(730,276

)

 

 

(185,202

)

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(1,820,613

)

 

 

(594,670

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(572,340

)

 

 

(354,319

)

“Compensation Actually Paid” for Fiscal Year 2022

 

 

16,099,314

 

 

 

4,629,758

 

 

(7) 2021 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2021 Summary Compensation Table (SCT)

 

 

27,578,659

 

 

 

8,305,919

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

15,936,623

 

 

 

4,449,129

 

Less, Change in Pension Value in SCT

 

 

4,789,314

 

 

 

203,750

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

1,597,763

 

 

 

73,389

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

28,021,727

 

 

 

7,768,744

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

7,360,149

 

 

 

2,090,847

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

1,179,444

 

 

 

294,627

 

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

17,433,146

 

 

 

5,574,728

 

“Compensation Actually Paid” for Fiscal Year 2021

 

 

45,011,805

 

 

 

13,880,647

 

 

(8) 2020 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2020 Summary Compensation Table (SCT)

 

 

14,631,451

 

 

 

4,294,455

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

8,146,446

 

 

 

1,963,535

 

Less, Change in Pension Value in SCT

 

 

4,517,703

 

 

 

463,105

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

445,160

 

 

 

52,089

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

8,657,431

 

 

 

2,206,217

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

351,871

 

 

 

196,358

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(527,560

)

 

 

(52,120

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(3,737,247

)

 

 

(24,096

)

“Compensation Actually Paid” for Fiscal Year 2020

 

 

10,894,204

 

 

 

4,270,359

 

 

(9) Company and Peer Group TSR reflects the Company’s peer group (S&P 500 Consumer Discretionary Index) as reflected in our Annual Report on the Form 10-K for the fiscal year ended December 31, 2024. Each year reflects what the cumulative value of $100 would be, including the reinvestment of dividends, if such amount were invested on December 27, 2019.

(10) Core Operating Profit is a non-GAAP measure. Core Operating Profit is determined by excluding from Operating Profit both Special Items, which the Company does not believe are indicative of our ongoing operations due to their size and/or nature, and the impacts of foreign currency translation. Special Items include, among other items, gain or loss associated with market-wide refranchisings, operating profit or loss associated with the decision to cease operations in Russia, and certain charges associated with resource optimization. See pages 31-32 and 36-38 in Item 7 of YUM’s Form 10-K for the fiscal year ended on December 31, 2024 for a discussion of Core Operating Profit in 2024. Core Operating Profit Growth shown above excludes the impact of a 53rd week in 2024 and for 2020 based on a 53rd week in 2019.

       
Company Selected Measure Name Core Operating Profit        
Named Executive Officers, Footnote

(1) The CEO and NEOs included in the above compensation columns reflect the following:

 

Year

 

CEO

 

NEOs

2024

 

David Gibbs

 

Chris Turner, Sabir Sami, Tracy Skeans, Sean Tresvant, Scott Catlett

2023

 

David Gibbs

 

Chris Turner, Tracy Skeans, Sabir Sami, Aaron Powell

2022

 

David Gibbs

 

Chris Turner, Tracy Skeans, Mark King, Aaron Powell

2021

 

David Gibbs

 

Chris Turner, Tracy Skeans, Mark King, Tony Lowings

       
Peer Group Issuers, Footnote Company and Peer Group TSR reflects the Company’s peer group (S&P 500 Consumer Discretionary Index) as reflected in our Annual Report on the Form 10-K for the fiscal year ended December 31, 2024. Each year reflects what the cumulative value of $100 would be, including the reinvestment of dividends, if such amount were invested on December 27, 2019.        
PEO Total Compensation Amount $ 24,706,462 $ 21,238,955 $ 16,671,654 $ 27,578,659 $ 14,631,451
PEO Actually Paid Compensation Amount $ 10,763,339 19,362,404 16,099,314 45,011,805 10,894,204
Adjustment To PEO Compensation, Footnote

(4) 2024 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2024 Summary Compensation Table (SCT)

 

 

24,706,462

 

 

 

5,324,145

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

12,492,167

 

 

 

2,644,292

 

Less, Change in Pension Value in SCT

 

 

8,869,045

 

 

 

237,218

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

593,949

 

 

 

49,134

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

11,145,269

 

 

 

2,359,184

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

(1,776,592

)

 

 

(301,769

)

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(2,544,537

)

 

 

(409,064

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(13,943,123

)

 

 

(1,184,025

)

“Compensation Actually Paid” for Fiscal Year 2024

 

 

10,763,339

 

 

 

4,140,120

 

 

(5) 2023 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2023 Summary Compensation Table (SCT)

 

 

21,238,955

 

 

 

5,606,206

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

11,971,618

 

 

 

2,602,626

 

Less, Change in Pension Value in SCT

 

 

2,999,005

 

 

 

93,896

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

602,421

 

 

 

57,783

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

12,975,399

 

 

 

2,820,850

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

1,934,143

 

 

 

369,155

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(2,417,891

)

 

 

(471,908

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(1,876,551

)

 

 

79,358

 

“Compensation Actually Paid” for Fiscal Year 2023

 

 

19,362,404

 

 

 

5,685,564

 

 

(6) 2022 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2022 Summary Compensation Table (SCT)

 

 

16,671,654

 

 

 

4,984,077

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

11,763,389

 

 

 

2,342,510

 

Less, Change in Pension Value in SCT

 

 

367,990

 

 

 

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

623,605

 

 

 

82,464

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

13,486,323

 

 

 

2,685,599

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

(730,276

)

 

 

(185,202

)

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(1,820,613

)

 

 

(594,670

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(572,340

)

 

 

(354,319

)

“Compensation Actually Paid” for Fiscal Year 2022

 

 

16,099,314

 

 

 

4,629,758

 

 

(7) 2021 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2021 Summary Compensation Table (SCT)

 

 

27,578,659

 

 

 

8,305,919

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

15,936,623

 

 

 

4,449,129

 

Less, Change in Pension Value in SCT

 

 

4,789,314

 

 

 

203,750

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

1,597,763

 

 

 

73,389

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

28,021,727

 

 

 

7,768,744

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

7,360,149

 

 

 

2,090,847

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

1,179,444

 

 

 

294,627

 

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

17,433,146

 

 

 

5,574,728

 

“Compensation Actually Paid” for Fiscal Year 2021

 

 

45,011,805

 

 

 

13,880,647

 

 

(8) 2020 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2020 Summary Compensation Table (SCT)

 

 

14,631,451

 

 

 

4,294,455

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

8,146,446

 

 

 

1,963,535

 

Less, Change in Pension Value in SCT

 

 

4,517,703

 

 

 

463,105

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

445,160

 

 

 

52,089

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

8,657,431

 

 

 

2,206,217

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

351,871

 

 

 

196,358

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(527,560

)

 

 

(52,120

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(3,737,247

)

 

 

(24,096

)

“Compensation Actually Paid” for Fiscal Year 2020

 

 

10,894,204

 

 

 

4,270,359

 

       
Non-PEO NEO Average Total Compensation Amount $ 5,324,145 5,606,206 4,984,077 8,305,919 4,294,455
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,140,120 5,685,564 4,629,758 13,880,647 4,270,359
Adjustment to Non-PEO NEO Compensation Footnote

(4) 2024 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2024 Summary Compensation Table (SCT)

 

 

24,706,462

 

 

 

5,324,145

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

12,492,167

 

 

 

2,644,292

 

Less, Change in Pension Value in SCT

 

 

8,869,045

 

 

 

237,218

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

593,949

 

 

 

49,134

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

11,145,269

 

 

 

2,359,184

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

(1,776,592

)

 

 

(301,769

)

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(2,544,537

)

 

 

(409,064

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(13,943,123

)

 

 

(1,184,025

)

“Compensation Actually Paid” for Fiscal Year 2024

 

 

10,763,339

 

 

 

4,140,120

 

 

(5) 2023 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2023 Summary Compensation Table (SCT)

 

 

21,238,955

 

 

 

5,606,206

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

11,971,618

 

 

 

2,602,626

 

Less, Change in Pension Value in SCT

 

 

2,999,005

 

 

 

93,896

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

602,421

 

 

 

57,783

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

12,975,399

 

 

 

2,820,850

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

1,934,143

 

 

 

369,155

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(2,417,891

)

 

 

(471,908

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(1,876,551

)

 

 

79,358

 

“Compensation Actually Paid” for Fiscal Year 2023

 

 

19,362,404

 

 

 

5,685,564

 

 

(6) 2022 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflect the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2022 Summary Compensation Table (SCT)

 

 

16,671,654

 

 

 

4,984,077

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

11,763,389

 

 

 

2,342,510

 

Less, Change in Pension Value in SCT

 

 

367,990

 

 

 

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

623,605

 

 

 

82,464

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

13,486,323

 

 

 

2,685,599

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

(730,276

)

 

 

(185,202

)

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(1,820,613

)

 

 

(594,670

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(572,340

)

 

 

(354,319

)

“Compensation Actually Paid” for Fiscal Year 2022

 

 

16,099,314

 

 

 

4,629,758

 

 

(7) 2021 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2021 Summary Compensation Table (SCT)

 

 

27,578,659

 

 

 

8,305,919

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

15,936,623

 

 

 

4,449,129

 

Less, Change in Pension Value in SCT

 

 

4,789,314

 

 

 

203,750

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

1,597,763

 

 

 

73,389

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

28,021,727

 

 

 

7,768,744

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

7,360,149

 

 

 

2,090,847

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

1,179,444

 

 

 

294,627

 

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

17,433,146

 

 

 

5,574,728

 

“Compensation Actually Paid” for Fiscal Year 2021

 

 

45,011,805

 

 

 

13,880,647

 

 

(8) 2020 “Compensation Actually Paid” to the CEO and the average “Compensation Actually Paid” to the Non-CEO NEOs reflects the following adjustments from Total Compensation reported in the Summary Compensation Table:

 

 

CEO ($)

 

 

Average of Non-CEO
NEOs ($)

 

Total Reported in 2020 Summary Compensation Table (SCT)

 

 

14,631,451

 

 

 

4,294,455

 

Less, Value of Stock & Option Awards Reported in SCT

 

 

8,146,446

 

 

 

1,963,535

 

Less, Change in Pension Value in SCT

 

 

4,517,703

 

 

 

463,105

 

Plus, Pension Service Cost and impact of Pension Plan Amendments

 

 

445,160

 

 

 

52,089

 

Plus, Year-End value of Awards Granted in Fiscal Year that are Unvested and Outstanding

 

 

8,657,431

 

 

 

2,206,217

 

Plus, Change in Fair Value of Prior Year awards that are Outstanding and Unvested

 

 

351,871

 

 

 

196,358

 

Plus, Fair Value of Awards Granted this Year and that Vested this Year

 

 

 

 

 

 

Plus, Change in Fair Value (from Prior Year-End) of Prior Year awards that Vested this year

 

 

(527,560

)

 

 

(52,120

)

Less, Prior Year Fair Value of Prior Year awards that failed to vest this year

 

 

 

 

 

 

Total Adjustments

 

 

(3,737,247

)

 

 

(24,096

)

“Compensation Actually Paid” for Fiscal Year 2020

 

 

10,894,204

 

 

 

4,270,359

 

       
Tabular List, Table

Pay versus Performance Tabular List

The table below lists our most important financial performance measures used to link “Compensation Actually Paid” for our CEO and NEOs to company performance, over the year ending December 31, 2024. These measures are used to determine the annual bonus and PSU payouts for each of the CEO and the other NEOs. Core Operating Profit Growth, Same Store Sales Growth and Net New Unit Growth are key metrics under our annual bonus plan, while Core Operating Profit Growth and System Sales Growth are the primary metrics under our annual PSU plan. For more information on our annual bonus and PSUs, see the Compensation Discussion and Analysis, beginning on page 52 of this Proxy Statement. The performance measures included in this table are not ranked by relative importance.

 

Most Important Financial Performance Measures

Core Operating Profit Growth

System Sales Growth

Net New Unit Growth

Same Store Sales Growth

Total Shareholder Return

       
Total Shareholder Return Amount $ 146 140 134 143 110
Peer Group Total Shareholder Return Amount 193 149 104 166 133
Net Income (Loss) $ 1,486,000,000,000 $ 1,597,000,000,000 $ 1,325,000,000,000 $ 1,575,000,000,000 $ 904,000,000,000
Company Selected Measure Amount 0.08 0.12 0.05 0.18 (0.07)
PEO Name David Gibbs        
Measure:: 1          
Pay vs Performance Disclosure          
Name Core Operating Profit Growth        
Non-GAAP Measure Description Core Operating Profit is a non-GAAP measure. Core Operating Profit is determined by excluding from Operating Profit both Special Items, which the Company does not believe are indicative of our ongoing operations due to their size and/or nature, and the impacts of foreign currency translation. Special Items include, among other items, gain or loss associated with market-wide refranchisings, operating profit or loss associated with the decision to cease operations in Russia, and certain charges associated with resource optimization. See pages 31-32 and 36-38 in Item 7 of YUM’s Form 10-K for the fiscal year ended on December 31, 2024 for a discussion of Core Operating Profit in 2024. Core Operating Profit Growth shown above excludes the impact of a 53rd week in 2024 and for 2020 based on a 53rd week in 2019.        
Measure:: 2          
Pay vs Performance Disclosure          
Name System Sales Growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name Net New Unit Growth        
Measure:: 4          
Pay vs Performance Disclosure          
Name Same Store Sales Growth        
Measure:: 5          
Pay vs Performance Disclosure          
Name Total Shareholder Return        
PEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (13,943,123) $ (1,876,551) $ (572,340) $ 17,433,146 $ (3,737,247)
PEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (8,869,045) (2,999,005) (367,990) (4,789,314) (4,517,703)
PEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 593,949 602,421 623,605 1,597,763 445,160
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (12,492,167) (11,971,618) (11,763,389) (15,936,623) (8,146,446)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 11,145,269 12,975,399 13,486,323 28,021,727 8,657,431
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,776,592) 1,934,143 (730,276) 7,360,149 351,871
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,544,537) (2,417,891) (1,820,613) 1,179,444 (527,560)
Non-PEO NEO          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,184,025) 79,358 (354,319) 5,574,728 (24,096)
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (237,218) (93,896)   (203,750) (463,105)
Non-PEO NEO | Aggregate Pension Adjustments Service Cost          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 49,134 57,783 82,464 73,389 52,089
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (2,644,292) (2,602,626) (2,342,510) (4,449,129) (1,963,535)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 2,359,184 2,820,850 2,685,599 7,768,744 2,206,217
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (301,769) 369,155 (185,202) 2,090,847 196,358
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (409,064) $ (471,908) $ (594,670) $ 294,627 $ (52,120)