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YUM! BRANDS INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and YUM! BRANDS INC.’s Form 8-K, filed May 20, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

  • 18Ballot items
  • 1,024Asset managers
  • 14,926Fund votes
  • May 15, 2025Meeting date

Results at a glance

Meeting of May 15, 2025: 18 items on YUM! BRANDS INC.’s Form 8-K, filed May 20, 2025: 3 approved · 3 not approved · 12 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore YUM! BRANDS INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by YUM! BRANDS INC.

These tallies are YUM! BRANDS INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed May 20, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

YUM! BRANDS INC. — official shareholder meeting results, meeting held May 15, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Paget L. Alves 217,867,2092,955,193255,601 --25,435,310 99%Not verified—
Elect Director: Keith Barr 219,054,5361,779,526243,941 --25,435,310 99.1%Not verified—
Elect Director: M. Brett Biggs 220,065,585764,903247,515 --25,435,310 99.6%Not verified—
Elect Director: Christopher M. Connor 214,792,7636,043,651241,589 --25,435,310 97%Not verified—
Elect Director: Brian C. Cornell 183,916,40436,928,355233,244 --25,435,310 83%Not verified—
Elect Director: Tanya L. Domier 220,446,543420,838210,622 --25,435,310 99.8%Not verified—
Elect Director: Susan Doniz 219,273,7121,586,849217,442 --25,435,310 99.2%Not verified—
Elect Director: David W. Gibbs 219,992,746846,480238,777 --25,435,310 99.6%Not verified—
Elect Director: Mirian M. Graddick-Weir 210,305,63410,549,104223,265 --25,435,310 95%Not verified—
Elect Director: Thomas C. Nelson 210,545,33410,288,634244,035 --25,435,310 95%Not verified—
Elect Director: P. Justin Skala 219,506,7141,327,845243,444 --25,435,310 99.3%Not verified—
Elect Director: Annie Young-Scrivner 220,428,185432,126217,692 --25,435,310 99.8%Not verified—
2. Proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2025 231,162,84815,017,365333,100 ---- 94%Approved—
3. Proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers 199,751,60019,238,7242,087,679 --25,435,310 91%Approved—
4. Proposal to approve the Company's 2025 Long Term Incentive Plan 212,761,3467,788,853527,804 --25,435,310 96%Approved—
5. Shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals 27,219,468190,061,1343,797,401 --25,435,310 13%Not approved—
6. Shareholder proposal regarding the commission of a report on faith-based employee resource groups 2,128,464215,825,7533,123,786 --25,435,310 1.0%Not approved—
7. Shareholder proposal regarding workplace safety policies and practices 41,222,226176,584,1243,271,653 --25,435,310 19%Not approved—

Source: YUM! BRANDS INC., Form 8-K, filed with the SEC on May 20, 2025 — read the filing on EDGAR.

How asset managers voted at the YUM! BRANDS INC. 2024-2025 meeting

Each item below shows how the 1,024 asset managers that disclosed a YUM! BRANDS INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Annie Young-Scrivner

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 220,428,185AGAINST: 432,126
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Annie Young-Scrivner

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Annie Young-Scrivner”): 220,428,185 for, 432,126 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,869,035 for, 0 against, 23,600 abstained.

FOR
FOR: 108,869,035AGAINST: 0ABSTAIN: 23,600
Largest asset managers voting on “Election of Directors: Annie Young-Scrivner” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9400 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

2. Elect Director: Brian C. Cornell

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

83% Majority: yes · of votes cast

FOR 83%AGAINST
FOR: 183,916,404AGAINST: 36,928,355
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Brian C. Cornell

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Brian C. Cornell”): 183,916,404 for, 36,928,355 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 83% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 86,192,547 for, 22,682,748 against, 17,341 abstained.

FORAGAINST
FOR: 86,192,547AGAINST: 22,682,748ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Brian C. Cornell” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,91031 00For
Capital Group020,644,421 00Against
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA01,980,241 00Against
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable319,29543,648 00Mixed
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

3. Elect Director: Christopher M. Connor

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 214,792,763AGAINST: 6,043,651
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Christopher M. Connor

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Christopher M. Connor”): 214,792,763 for, 6,043,651 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,861,137 for, 14,158 against, 17,341 abstained.

FOR
FOR: 108,861,137AGAINST: 14,158ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Christopher M. Connor” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9356 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

4. Elect Director: David W. Gibbs

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 219,992,746AGAINST: 846,480
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: David W. Gibbs

YUM! BRANDS INC.’s own tally for this item (“Elect Director: David W. Gibbs”): 219,992,746 for, 846,480 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,869,035 for, 6,260 against, 17,341 abstained.

FOR
FOR: 108,869,035AGAINST: 6,260ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: David W. Gibbs” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9401 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

5. Elect Director: Keith Barr

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 219,054,536AGAINST: 1,779,526
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Keith Barr

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Keith Barr”): 219,054,536 for, 1,779,526 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.1% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,861,141 for, 14,154 against, 17,341 abstained.

FOR
FOR: 108,861,141AGAINST: 14,154ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Keith Barr” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9392 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

6. Elect Director: M. Brett Biggs

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 220,065,585AGAINST: 764,903
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: M. Brett Biggs

YUM! BRANDS INC.’s own tally for this item (“Elect Director: M. Brett Biggs”): 220,065,585 for, 764,903 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,875,294 for, 1 against, 17,341 abstained.

FOR
FOR: 108,875,294AGAINST: 1ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: M. Brett Biggs” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9401 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

7. Elect Director: Mirian M. Graddick-Weir

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 210,305,634AGAINST: 10,549,104
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Mirian M. Graddick-Weir

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Mirian M. Graddick-Weir”): 210,305,634 for, 10,549,104 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,739,599 for, 135,696 against, 17,341 abstained.

FOR
FOR: 108,739,599AGAINST: 135,696ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Mirian M. Graddick-Weir” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,93110 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,90735 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,453164 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

8. Elect Director: P. Justin Skala

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.3% Majority: yes · of votes cast

FOR 99.3%
FOR: 219,506,714AGAINST: 1,327,845
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: P. Justin Skala

YUM! BRANDS INC.’s own tally for this item (“Elect Director: P. Justin Skala”): 219,506,714 for, 1,327,845 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.3% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,875,071 for, 224 against, 17,341 abstained.

FOR
FOR: 108,875,071AGAINST: 224ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: P. Justin Skala” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9401 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

9. Elect Director: Paget L. Alves

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 217,867,209AGAINST: 2,955,193
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Paget L. Alves

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Paget L. Alves”): 217,867,209 for, 2,955,193 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,866,589 for, 2,447 against, 23,600 abstained.

FOR
FOR: 108,866,589AGAINST: 2,447ABSTAIN: 23,600
Largest asset managers voting on “Election of Directors: Paget L. Alves” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9383 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

10. Elect Director: Susan Doniz

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 219,273,712AGAINST: 1,586,849
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Susan Doniz

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Susan Doniz”): 219,273,712 for, 1,586,849 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,797,538 for, 77,756 against, 17,341 abstained.

FOR
FOR: 108,797,538AGAINST: 77,756ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Susan Doniz” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9391 00For
Capital Group20,644,4210 00For
BlackRock9,906,84764,266 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable355,0267,917 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

11. Elect Director: Tanya L. Domier

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 220,446,543AGAINST: 420,838
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Tanya L. Domier

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Tanya L. Domier”): 220,446,543 for, 420,838 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,875,294 for, 0 against, 17,341 abstained.

FOR
FOR: 108,875,294AGAINST: 0ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Tanya L. Domier” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9400 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,9420 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

12. Elect Director: Thomas C. Nelson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 6 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 210,545,334AGAINST: 10,288,634
Details: description as filed, official tally, votes by 140 asset managers

Description as filed by funds: Election of Directors: Thomas C. Nelson

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Thomas C. Nelson”): 210,545,334 for, 10,288,634 against, per its Form 8-K filed May 20, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 95% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 140 asset managers below reported 108,745,126 for, 130,169 against, 17,341 abstained.

FOR
FOR: 108,745,126AGAINST: 130,169ABSTAIN: 17,341
Largest asset managers voting on “Election of Directors: Thomas C. Nelson” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,93110 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,90735 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,453164 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse375,7140 17,3410For
Equitable362,9430 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 140 asset managers. See all 140 in the interactive database.

13. 4. Proposal to approve the Company's 2025 Long Term Incentive Plan

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Approved

Combines 7 wordings of this item as funds reported it.

96% Approved · of votes cast

FOR 96%
FOR: 212,761,346AGAINST: 7,788,853
Details: description as filed, official tally, votes by 152 asset managers

Description as filed by funds: Proposal to Approve the Company's 2025 Long Term Incentive Plan.

YUM! BRANDS INC.’s own tally for this item (“4. Proposal to approve the Company's 2025 Long Term Incentive Plan”): 212,761,346 for, 7,788,853 against — passed, per its Form 8-K filed May 20, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal to approve the Company's 2025 Long Term Incentive Plan was approved based on the following votes:”
Support: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of YUM! BRANDS INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Adopt Incentive Stock Option Plan” (5 managers, 2,615 for, 6,489 unknown).

The 152 asset managers below reported 108,392,268 for, 487,610 against, 1 abstained.

FOR
FOR: 108,392,268AGAINST: 487,610ABSTAIN: 1
Largest asset managers voting on “Proposal to Approve the Company's 2025 Long Term Incentive Plan.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,9337 10For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,90735 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,453164 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM74,677350,529 00Mixed
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse393,0550 00For
Equitable355,0267,917 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 152 asset managers. See all 152 in the interactive database.

14. 3. Proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive…

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 14 wordings of this item as funds reported it.

91% Approved · of votes cast

FOR 91%
FOR: 199,751,600AGAINST: 19,238,724
Details: description as filed, official tally, votes by 1,019 asset managers

Description as filed by funds: Advisory Vote on Executive Compensation.

YUM! BRANDS INC.’s own tally for this item (“3. Proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers”): 199,751,600 for, 19,238,724 against — passed, per its Form 8-K filed May 20, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal to approve, by non-binding advisory vote, the executive compensation of the Company's named executive officers was approved based upon the following votes:”
Support: 91% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of YUM! BRANDS INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “COMPENSATION” (3 managers, 1,163 for).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 138 asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,833,92218 10For
Capital Group20,644,4210 00For
BlackRock9,965,4885,625 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,691,5343,408 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,453164 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA0588,000 00Against
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse371,0764,638 17,3410Mixed
Equitable217,817145,126 00Mixed
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Fund voting reports, all 138 managers: 107,749,232 for, 950,540 against, 17,342 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 911 asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group22,344,1562,000 00For
JPMorgan18,689,1450 00For
T. Rowe Price11,119,82122,608 00For
GEODE CAPITAL MANAGEMENT, LLC7,900,1260 00For
State Street6,941,931140,792 00For
Loomis Sayles3,147,1300 00For
Northern Trust2,686,215101,181 00For
Sustainable Growth Advisers, LP2,734,0640 00For
BANK OF AMERICA NA2,196,9170 00For
UBS1,888,702212,686 00Mixed
Citadel1,916,3950 00For
Invesco1,874,1200 00For
Vanguard1,742,9830 00For
Charles Schwab1,702,5750 00For
Magellan Asset Management Ltd1,518,1160 00For
Fidelity1,508,5510 00For
CANTILLON CAPITAL MANAGEMENT LLC1,506,6090 00For
USS Investment Management Ltd1,498,3420 00For
Legal & General Investment Management Ltd2,3421,485,974 00Against
Epoch Investment Partners, Inc.1,337,7240 00For
MELLON INVESTMENTS Corp1,258,5740 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC01,153,155 00Against
AVIVA INVESTORS GLOBAL SERVICES LTD01,105,826 00Against
Capital Research Global Investors1,088,7920 00For
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM969,4400 00For

Institutional-manager reports, all 911 managers: 117,377,290 for, 12,107,045 against, 6,009 abstained, 15,016 not voted, 6,489 unknown. Showing the 25 largest; see all in the interactive database.

15. 2. Proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2025

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Approved

Combines 5 wordings of this item as funds reported it.

94% Approved · of votes cast

FOR 94%
FOR: 231,162,848AGAINST: 15,017,365
Details: description as filed, official tally, votes by 145 asset managers

Description as filed by funds: Ratification of Independent Auditors.

YUM! BRANDS INC.’s own tally for this item (“2. Proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2025”): 231,162,848 for, 15,017,365 against — passed, per its Form 8-K filed May 20, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2025 was approved based upon the following votes:”
Support: 94% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 145 asset managers below reported 108,598,955 for, 280,146 against, 17,341 abstained.

FOR
FOR: 108,598,955AGAINST: 280,146ABSTAIN: 17,341
Largest asset managers voting on “Ratification of Independent Auditors.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard32,829,3174,623 00For
Capital Group20,644,4210 00For
BlackRock9,971,1130 00For
Fidelity9,189,8140 00For
JPMorgan8,765,4050 00For
T. Rowe Price6,905,1880 00For
State Street2,694,90735 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Charles Schwab1,674,2300 00For
Bridge Builder Trust1,321,6170 00For
Jackson National1,300,2600 00For
Invesco1,279,3160 00For
Loomis Sayles996,2670 00For
Dimensional658,6300 00For
John Hancock610,7890 00For
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO439,8000 00For
Prudential/PGIM425,2060 00For
MassMutual415,8690 00For
WisdomTree413,4840 00For
Brighthouse374,5881,126 17,3410For
Equitable355,0267,917 00For
Voya309,8580 00For
Russell Investments290,5620 00For
Columbia Threadneedle275,7300 00For

Showing the 25 largest of 145 asset managers. See all 145 in the interactive database.

16. 5. Shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Not approved

Combines 6 wordings of this item as funds reported it.

13% Not approved · of votes cast

13%AGAINST
FOR: 27,219,468AGAINST: 190,061,134
Details: description as filed, official tally, votes by 138 asset managers

Description as filed by funds: Shareholder Proposal Regarding Adoption of a Policy on the Use of Medically Important Antimicrobials in Food-Producing Animals.

YUM! BRANDS INC.’s own tally for this item (“5. Shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals”): 27,219,468 for, 190,061,134 against — failed, per its Form 8-K filed May 20, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The shareholder proposal regarding adoption of a policy on the use of antimicrobials in food-producing animals was not approved based upon the following votes:”
Support: 13% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 138 asset managers below reported 501,333 for, 108,133,545 against, 146,259 abstained.

AGAINST
FOR: 501,333AGAINST: 108,133,545ABSTAIN: 146,259
Largest asset managers voting on “Shareholder Proposal Regarding Adoption of a Policy on the Use of Medically Important Antimicrobials in Food-P” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard4,63132,829,306 30Against
Capital Group020,644,421 00Against
BlackRock7,4519,963,662 00Against
Fidelity09,189,814 00Against
JPMorgan638,765,342 00Against
T. Rowe Price06,905,188 00Against
State Street3,6982,691,244 00Against
INVESTMENT CO OF AMERICA01,980,241 00Against
Charles Schwab01,674,230 00Against
Bridge Builder Trust01,321,617 00Against
Jackson National01,300,260 00Against
Invesco01,279,316 00Against
Loomis Sayles0996,267 00Against
Dimensional0658,630 00Against
John Hancock0610,789 00Against
TIAA0588,000 00Against
MASTER INVESTMENT PORTFOLIO0439,800 00Against
Prudential/PGIM0425,206 00Against
MassMutual0415,869 00Against
WisdomTree0413,484 00Against
Brighthouse1,126370,391 21,5380Mixed
Equitable7,917355,026 00Against
Voya0309,858 00Against
Russell Investments0290,562 00Against
Columbia Threadneedle0275,730 00Against

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

17. 7. Shareholder proposal regarding workplace safety policies and practices

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Not approved

Combines 6 wordings of this item as funds reported it.

19% Not approved · of votes cast

FOR 19%AGAINST
FOR: 41,222,226AGAINST: 176,584,124
Details: description as filed, official tally, votes by 138 asset managers

Description as filed by funds: Shareholder Proposal Regarding Workplace Safety Policies and Practices.

YUM! BRANDS INC.’s own tally for this item (“7. Shareholder proposal regarding workplace safety policies and practices”): 41,222,226 for, 176,584,124 against — failed, per its Form 8-K filed May 20, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The shareholder proposal regarding workplace safety policies and practices was not approved based upon the following votes:”
Support: 19% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 138 asset managers below reported 5,085,697 for, 103,549,182 against, 146,259 abstained.

AGAINST
FOR: 5,085,697AGAINST: 103,549,182ABSTAIN: 146,259
Largest asset managers voting on “Shareholder Proposal Regarding Workplace Safety Policies and Practices.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard4,64232,829,296 30Against
Capital Group020,644,421 00Against
BlackRock9,0489,962,065 00Against
Fidelity09,189,814 00Against
JPMorgan638,765,342 00Against
T. Rowe Price06,905,188 00Against
State Street2,679,14615,796 00For
INVESTMENT CO OF AMERICA01,980,241 00Against
Charles Schwab01,674,230 00Against
Bridge Builder Trust1641,321,453 00Against
Jackson National01,300,260 00Against
Invesco01,279,316 00Against
Loomis Sayles0996,267 00Against
Dimensional0658,630 00Against
John Hancock0610,789 00Against
TIAA588,0000 00For
MASTER INVESTMENT PORTFOLIO0439,800 00Against
Prudential/PGIM350,52974,677 00Mixed
MassMutual0415,869 00Against
WisdomTree0413,484 00Against
Brighthouse1,126370,391 21,5380Mixed
Equitable7,917355,026 00Against
Voya0309,858 00Against
Russell Investments290,5620 00For
Columbia Threadneedle0275,730 00Against

Showing the 25 largest of 138 asset managers. See all 138 in the interactive database.

18. 6. Shareholder proposal regarding the commission of a report on faith-based employee resource groups

Official resultEXTRAORDINARY TRANSACTIONSReported outcome: Not approved

Combines 5 wordings of this item as funds reported it.

1.0% Not approved · of votes cast

AGAINST
FOR: 2,128,464AGAINST: 215,825,753
Details: description as filed, official tally, votes by 137 asset managers

Description as filed by funds: Shareholder Proposal Regarding Report on Faith-Based Employee Resource Groups.

YUM! BRANDS INC.’s own tally for this item (“6. Shareholder proposal regarding the commission of a report on faith-based employee resource groups”): 2,128,464 for, 215,825,753 against — failed, per its Form 8-K filed May 20, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The shareholder proposal regarding the commission of a report on faith-based employee resource groups was not approved based upon the following votes:”
Support: 1.0% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 137 asset managers below reported 27,569 for, 108,391,725 against, 175,540 abstained.

AGAINST
FOR: 27,569AGAINST: 108,391,725ABSTAIN: 175,540
Largest asset managers voting on “Shareholder Proposal Regarding Report on Faith-Based Employee Resource Groups.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard232,833,936 30Against
Capital Group020,644,421 00Against
BlackRock09,971,113 00Against
Fidelity09,189,814 00Against
JPMorgan08,765,405 00Against
T. Rowe Price06,905,188 00Against
State Street02,694,942 00Against
INVESTMENT CO OF AMERICA01,980,241 00Against
Charles Schwab01,674,230 00Against
Bridge Builder Trust01,321,617 00Against
Jackson National01,300,260 00Against
Invesco01,279,316 00Against
Loomis Sayles0996,267 00Against
Dimensional0658,630 00Against
John Hancock0610,789 00Against
TIAA0588,000 00Against
MASTER INVESTMENT PORTFOLIO0439,800 00Against
Prudential/PGIM0425,206 00Against
MassMutual0415,869 00Against
WisdomTree0413,484 00Against
Brighthouse0371,517 21,5380Mixed
Equitable0362,943 00Against
Voya0309,858 00Against
Russell Investments0290,562 00Against
Columbia Threadneedle0275,730 00Against

Showing the 25 largest of 137 asset managers. See all 137 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 16, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest YUM! BRANDS INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 277,964,501 shares outstanding at the time of that meeting.

Fund voting reports: top YUM! BRANDS INC. shareholders by shares voted on “Advisory Vote on Executive Compensation.”, 2024-2025
#Asset manager % of shares outstanding
1Vanguard 11.81%
2Capital Group 7.43%
3BlackRock 3.59%
4Fidelity 3.31%
5JPMorgan 3.15%
6T. Rowe Price 2.48%
7State Street 0.97%
8INVESTMENT CO OF AMERICA 0.71%
9Charles Schwab 0.60%
10Bridge Builder Trust 0.48%
Institutional-manager reports: top YUM! BRANDS INC. shareholders by shares voted on “Advisory Vote on Executive Compensation.”, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 8.04%
2JPMorgan 6.72%
3T. Rowe Price 4.01%
4GEODE CAPITAL MANAGEMENT, LLC 2.84%
5State Street 2.55%
6Loomis Sayles 1.13%
7Northern Trust 1.00%
8Sustainable Growth Advisers, LP 0.98%
9BANK OF AMERICA NA 0.79%
10UBS 0.76%

Reported YUM! BRANDS INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

YUM! BRANDS INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder % outstanding Disclosure
The Vanguard Group 12.07% DEF14A
BlackRock, Inc. 9.61% 13G
JP Morgan Chase & Co. 7.76% DEF14A
JPMORGAN CHASE & CO. 7.22% 13G
Vanguard Portfolio Management 5.03% 13G
State Street 4.62% 13F
T. Rowe Price Investment Management, Inc. 3.55% 13G
Geode Capital 2.88% 13F
Northern Trust 1.20% 13F
Citadel Advisors 1.19% 13F

Percentages above are of 277,964,501 shares outstanding, as reported by YUM! BRANDS INC. on its Form 10-Q dated May 1, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from YUM! BRANDS INC.’s 10-Q dated May 1, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At YUM! BRANDS INC.'s shareholder meeting held May 15, 2025, in the 2024-2025 proxy season, 1,024 asset managers reported how they voted on 18 ballot items in their SEC Form N-PX filings, covering 14,926 separate fund positions. On the most widely held item on that ballot — Advisory Vote on Executive Compensation. — YUM! BRANDS INC.'s filing reports the proposal as approved, with 91% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: YUM! BRANDS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on May 20, 2025.

YUM! BRANDS INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.