Yum! Brands DEF 14A: Executive Compensation Details

Ticker: YUM · Form: DEF 14A · Filed: 2024-04-05T00:00:00.000Z

Sentiment: neutral

Topics: executive-compensation, proxy-statement, annual-report

TL;DR

YUM DEF 14A out: exec comp details for FY23, shareholders check it out.

AI Summary

Yum! Brands, Inc. filed its DEF 14A on April 5, 2024, detailing executive compensation for the fiscal year ending December 31, 2023. The filing includes information on total adjustments, year-end value of unvested awards, and changes in fair value of prior year awards for both PEO and Non-PEO NEO members. This annual report is crucial for shareholders to understand how executive pay is structured and awarded.

Why It Matters

This filing provides shareholders with transparency into the compensation packages of Yum! Brands' top executives, impacting their understanding of corporate governance and executive incentives.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) detailing executive compensation and is not indicative of immediate financial risk.

Key Numbers

2023-12-31 — Fiscal Year End (Reporting period for executive compensation data.)
20240405 — Filing Date (Date the DEF 14A was submitted to the SEC.)

Key Players & Entities

YUM BRANDS INC (company) — Filer
0001041061 (company) — Central Index Key
TRICON GLOBAL RESTAURANTS INC (company) — Former Company Name
GREAT AMERICAN RESTAURANT CO (company) — Former Company Name

FAQ

What is the primary purpose of a DEF 14A filing?

A DEF 14A filing, also known as a Definitive Proxy Statement, is used to solicit shareholder votes and provides detailed information about matters to be voted on at an annual meeting, including executive compensation.

What specific compensation components are detailed in this filing for Yum! Brands?

The filing details components such as total adjustments, year-end value of awards granted in the fiscal year that are unvested and outstanding, and changes in the fair value of prior year awards, broken down for PEO and Non-PEO NEO members.

Who are the PEO and Non-PEO NEO members mentioned in the filing?

PEO typically refers to Principal Executive Officer, and NEO refers to Named Executive Officers. Non-PEO NEO members would be other executive officers who are not the principal executive officer.

What is the significance of the 'ChangeInFairValueOfPriorYearAwards' data?

This data reflects the fluctuation in the value of previously granted awards that are still outstanding and unvested, providing insight into how market or performance changes affect executive compensation.

When was Yum! Brands formerly known as Tricon Global Restaurants Inc. and Great American Restaurant Co.?

Yum! Brands was formerly known as Tricon Global Restaurants Inc. after a name change on June 27, 1997, and Great American Restaurant Co. after a name change on June 18, 1997.

From the Filing

0001193125-24-088443.txt : 20240405 0001193125-24-088443.hdr.sgml : 20240405 20240405160421 ACCESSION NUMBER: 0001193125-24-088443 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 58 CONFORMED PERIOD OF REPORT: 20240516 FILED AS OF DATE: 20240405 DATE AS OF CHANGE: 20240405 FILER: COMPANY DATA: COMPANY CONFORMED NAME: YUM BRANDS INC CENTRAL INDEX KEY: 0001041061 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-EATING PLACES [5812] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 133951308 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-13163 FILM NUMBER: 24826438 BUSINESS ADDRESS: STREET 1: 1441 GARDINER LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 BUSINESS PHONE: 5028748300 MAIL ADDRESS: STREET 1: 1900 COLONEL SANDERS LANE CITY: LOUISVILLE STATE: KY ZIP: 40213 FORMER COMPANY: FORMER CONFORMED NAME: TRICON GLOBAL RESTAURANTS INC DATE OF NAME CHANGE: 19970627 FORMER COMPANY: FORMER CONFORMED NAME: GREAT AMERICAN RESTAURANT CO DATE OF NAME CHANGE: 19970618 DEF 14A 1 d607499ddef14a.htm DEF 14A DEF 14A Table of Contents DEF 14A false 0001041061 0001041061 2023-01-01 2023-12-31 0001041061 2020-01-01 2020-12-31 0001041061 2021-01-01 2021-12-31 0001041061 2022-01-01 2022-12-31 0001041061 yum:TotalAdjustmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:TotalAdjustmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 yum:YearendValueOfAwardsGrantedInFiscalYearThatAreUnvestedAndOutstandingMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:YearendValueOfAwardsGrantedInFiscalYearThatAreUnvestedAndOutstandingMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 yum:ChangeInFairValueOfPriorYearAwardsThatAreOutstandingAndUnvestedMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:ChangeInFairValueOfPriorYearAwardsThatAreOutstandingAndUnvestedMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 yum:ChangeInFairValueFromPriorYearendOfPriorYearAwardsThatVestedThisYearMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:ChangeInFairValueFromPriorYearendOfPriorYearAwardsThatVestedThisYearMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 yum:ValueOfStockOptionAwardsReportedInSctMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:ValueOfStockOptionAwardsReportedInSctMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 yum:ChangeInPensionValueInSctMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:ChangeInPensionValueInSctMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 yum:PensionServiceCostAndImpactOfPensionPlanAmendmentsMember ecd:PeoMember 2023-01-01 2023-12-31 0001041061 yum:PensionServiceCostAndImpactOfPensionPlanAmendmentsMember ecd:NonPeoNeoMember 2023-01-01 2023-12-31 0001041061 1 2023-01-01 2023-12-31 0001041061 2 2023-01-01 2023-12-31 0001041061 3 2023-01-01 2023-12-31 0001041061 4 2023-01-01 2023-12-31 0001041061 5 2023-01-01 2023-12-31 0001041061 yum:TotalAdjustmentsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001041061 yum:PensionServiceCostAndImpactOfPensionPlanAmendmentsMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001041061 yum:YearendValueOfAwardsGrantedInFiscalYearThatAreUnvestedAndOutstandingMember ecd:PeoMember 2022-01-01 2022-12-31 0001041061 yum:YearendValueOfAwardsGrantedInFiscalYearThatAreUnvestedAndOutstandingMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001041061 yum:ChangeInFairValueOfPriorYearAwardsThatAreOutstandingAndUnvestedMember ecd:PeoMember 2022-01-01 2022-12-31 0001041061 yum:ChangeInFairValueOfPriorYearAwardsThatAreOutstandingAndUnvestedMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001041061 yum:ChangeInFairValueFromPriorYearendOfPriorYearAwardsThatVestedThisYearMember ecd:PeoMember 2022-01-01 2022-12-31 0001041061 yum:ValueOfStockOptionAwardsReportedInSctMember ecd:PeoMember 2022-01-01 2022-12-31 0001041061 yum:ValueOfStockOptionAwardsReportedInSctMember ecd:NonPeoNeoMember 2022-01-01 2022-12-31 0001041061 yum:ChangeInPensio