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YUM! BRANDS INC. 2023-2024 Proxy Voting Records

Compiled from SEC Form N-PX filings and YUM! BRANDS INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 20Reported items
  • 987Asset managers
  • 13,222Fund votes
  • 2024-05-16Meeting date

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

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

Official 2023-2024 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 (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 2024-05-16
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Paget L. Alves 220,238,5742,412,707294,441 --25,613,206 Majority: yes
Elect Director: Keith Barr 220,754,6221,880,442310,658 --25,613,206 Majority: yes
Elect Director: M. Brett Biggs 221,801,877834,992308,853 --25,613,206 Majority: yes
Elect Director: Christopher M. Connor 216,498,2686,140,476306,978 --25,613,206 Majority: yes
Elect Director: Brian C. Cornell 211,735,51110,263,527946,684 --25,613,206 Majority: yes
Elect Director: Tanya L. Domier 221,698,988961,962284,772 --25,613,206 Majority: yes
Elect Director: Susan Doniz 207,523,83615,128,061293,825 --25,613,206 Majority: yes
Elect Director: David W. Gibbs 221,565,2751,070,626309,821 --25,613,206 Majority: yes
Elect Director: Mirian M. Graddick-Weir 214,491,4348,156,188298,100 --25,613,206 Majority: yes
Elect Director: Thomas C. Nelson 214,392,5958,245,380307,747 --25,613,206 Majority: yes
Elect Director: P. Justin Skala 219,697,5702,933,561314,591 --25,613,206 Majority: yes
Elect Director: Annie Young-Scrivner 221,652,492993,501299,729 --25,613,206 Majority: yes
Proposal 2: The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024 was approved based upon the following votes: 237,610,11310,533,631415,184 ---- Majority: yes
Proposal 3: 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: 206,166,88614,769,3072,009,529 --25,613,206 Majority: yes
Proposal 4: 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: 26,223,263195,424,1751,298,284 --25,613,206 Majority: no
Proposal 5: The shareholder proposal regarding consideration of proposed capital transactions was not approved based upon the following votes: 1,743,493219,817,9961,384,233 --25,613,206 Majority: no

Source: YUM! BRANDS INC., Form 8-K — read the filing on EDGAR.

How asset managers voted at the YUM! BRANDS INC. 2023-2024 meeting

Each item below shows how the 987 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of YUM! BRANDS INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Advisory Vote on Executive Compensation.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 16 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 206,166,886AGAINST: 14,769,307

YUM! BRANDS INC.’s own tally for this item (“Proposal 3: 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:”): 206,166,886 for, 14,769,307 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 73% for, 5% against (78% of the company cast a for/against vote).

The 975 asset managers below cast 97% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 97%
FOR: 97.1%AGAINST: 2.9%ABSTAIN: 0.0%NOT VOTED: 0.0%UNKNOWN: 0.0%
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group64,874,152462 00For
Vanguard28,279,1730 00For
T. Rowe Price23,782,971566,509 00For
JPMorgan21,140,0280 00For
BlackRock17,420,229189,188 00For
New York Life14,051,9204,602 00For
Fidelity12,813,2530 00For
State Street8,872,91032,388 00For
GEODE CAPITAL MANAGEMENT, LLC7,104,2670 00For
Victory Capital5,094,5740 00For
Sustainable Growth Advisers, LP4,771,4450 00For
Charles Schwab3,162,7140 00For
Northern Trust2,872,72979,896 00For
Invesco2,626,5320 00For
Bridge Builder Trust2,261,7530 00For
Magellan Asset Management Ltd2,258,7260 00For
UBS2,133,2100 00For
Legal & General Investment Management Ltd02,043,369 00Against
Jackson National1,934,3130 00For
Voya1,822,8590 00For
Epoch Investment Partners, Inc.1,522,4580 00For
BANK OF AMERICA NA1,435,5570 00For
CANTILLON CAPITAL MANAGEMENT LLC1,176,2840 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Goldman Sachs1,113,525160 00For

Showing the 25 largest of 975 asset managers. See all 975 in the interactive database.

2. Ratification of Independent Auditors.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 237,610,113AGAINST: 10,533,631

YUM! BRANDS INC.’s own tally for this item (“Proposal 2: The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2024 was approved based upon the following votes:”): 237,610,113 for, 10,533,631 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 84% for, 4% against (88% of the company cast a for/against vote).

The 147 asset managers below cast 99.9% of the shares they voted on this item FOR (119,528,797 for, 83,931 against).

FOR 99.8%
FOR: 119,528,797 (99.9%)AGAINST: 83,931 (0.1%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Ratification of Independent Auditors.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,149,8670 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,49276 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable492,4043,132 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 147 asset managers. See all 147 in the interactive database.

3. Election of Directors: Annie Young-Scrivner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 221,652,492AGAINST: 993,501

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Annie Young-Scrivner”): 221,652,492 for, 993,501 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 79% for, 0.4% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,606,720 for, 1,826 against).

FOR 99.9%
FOR: 119,606,720 (99.9%)AGAINST: 1,826 (0.0%)ABSTAIN: 63,975 (0.1%)
Largest asset managers voting on “Election of Directors: Annie Young-Scrivner” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

4. Election of Directors: Brian C. Cornell

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

95% Majority: yes · of votes cast

FOR 95%
FOR: 211,735,511AGAINST: 10,263,527

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Brian C. Cornell”): 211,735,511 for, 10,263,527 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 75% for, 4% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,575,869 for, 36,755 against).

FOR 99.9%
FOR: 119,575,869 (99.9%)AGAINST: 36,755 (0.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: Brian C. Cornell” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,313255 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

5. Election of Directors: Christopher M. Connor

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 6 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 216,498,268AGAINST: 6,140,476

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Christopher M. Connor”): 216,498,268 for, 6,140,476 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,605,895 for, 6,728 against).

FOR 99.9%
FOR: 119,605,895 (99.9%)AGAINST: 6,728 (0.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: Christopher M. Connor” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

6. Election of Directors: David W. Gibbs

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 221,565,275AGAINST: 1,070,626

YUM! BRANDS INC.’s own tally for this item (“Elect Director: David W. Gibbs”): 221,565,275 for, 1,070,626 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 79% for, 0.4% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,606,620 for, 6,003 against).

FOR 99.9%
FOR: 119,606,620 (99.9%)AGAINST: 6,003 (0.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: David W. Gibbs” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

7. Election of Directors: Keith Barr

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 220,754,622AGAINST: 1,880,442

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Keith Barr”): 220,754,622 for, 1,880,442 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 78% for, 0.7% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,605,895 for, 2,551 against).

FOR 99.9%
FOR: 119,605,895 (99.9%)AGAINST: 2,551 (0.0%)ABSTAIN: 63,975 (0.1%)
Largest asset managers voting on “Election of Directors: Keith Barr” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

8. Election of Directors: M. Brett Biggs

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

99.6% Majority: yes · of votes cast

FOR 99.6%
FOR: 221,801,877AGAINST: 834,992

YUM! BRANDS INC.’s own tally for this item (“Elect Director: M. Brett Biggs”): 221,801,877 for, 834,992 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 79% for, 0.3% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 100% of the shares they voted on this item FOR (119,612,623 for, 0 against).

FOR 99.9%
FOR: 119,612,623 (100.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: M. Brett Biggs” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,149,8670 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,5680 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

9. Election of Directors: Mirian M. Graddick-Weir

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 214,491,434AGAINST: 8,156,188

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Mirian M. Graddick-Weir”): 214,491,434 for, 8,156,188 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 76% for, 3% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.8% of the shares they voted on this item FOR (119,448,960 for, 159,486 against).

FOR 99.8%
FOR: 119,448,960 (99.8%)AGAINST: 159,486 (0.1%)ABSTAIN: 63,975 (0.1%)
Largest asset managers voting on “Election of Directors: Mirian M. Graddick-Weir” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,589164 00For
State Street2,256,237331 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

10. Election of Directors: P. Justin Skala

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 219,697,570AGAINST: 2,933,561

YUM! BRANDS INC.’s own tally for this item (“Elect Director: P. Justin Skala”): 219,697,570 for, 2,933,561 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,580,771 for, 31,853 against).

FOR 99.9%
FOR: 119,580,771 (99.9%)AGAINST: 31,853 (0.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: P. Justin Skala” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,313255 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

11. Election of Directors: Paget L. Alves

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 220,238,574AGAINST: 2,412,707

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Paget L. Alves”): 220,238,574 for, 2,412,707 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 78% for, 0.9% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,610,698 for, 1,925 against).

FOR 99.9%
FOR: 119,610,698 (99.9%)AGAINST: 1,925 (0.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: Paget L. Alves” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

12. Election of Directors: Susan Doniz

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

93% Majority: yes · of votes cast

FOR 93%
FOR: 207,523,836AGAINST: 15,128,061

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Susan Doniz”): 207,523,836 for, 15,128,061 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 74% for, 5% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 98% of the shares they voted on this item FOR (116,708,473 for, 2,904,151 against).

FOR 98%
FOR: 116,708,473 (97.5%)AGAINST: 2,904,151 (2.4%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: Susan Doniz” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard26,925,564107,793 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,146,7213,147 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,5680 00For
Jackson National1,934,3130 00For
Charles Schwab01,573,815 00Against
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya0911,276 00Against
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable492,4043,132 00For
First Trust463,9700 00For
Principal364,16685,052 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

13. Election of Directors: Tanya L. Domier

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 6 wordings of this item as funds reported it.

99.5% Majority: yes · of votes cast

FOR 99.5%
FOR: 221,698,988AGAINST: 961,962

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Tanya L. Domier”): 221,698,988 for, 961,962 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 79% for, 0.4% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.9% of the shares they voted on this item FOR (119,610,797 for, 1,826 against).

FOR 99.9%
FOR: 119,610,797 (99.9%)AGAINST: 1,826 (0.0%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: Tanya L. Domier” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,148,3111,556 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,7530 00For
State Street2,256,47296 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

14. Election of Directors: Thomas C. Nelson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2024-05-16.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 214,392,595AGAINST: 8,245,380

YUM! BRANDS INC.’s own tally for this item (“Elect Director: Thomas C. Nelson”): 214,392,595 for, 8,245,380 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 76% for, 3% against (79% of the company cast a for/against vote).

The 146 asset managers below cast 99.8% of the shares they voted on this item FOR (119,419,653 for, 192,970 against).

FOR 99.7%
FOR: 119,419,653 (99.8%)AGAINST: 192,970 (0.2%)ABSTAIN: 59,798 (0.0%)
Largest asset managers voting on “Election of Directors: Thomas C. Nelson” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group31,632,5760 00For
Vanguard27,033,3570 00For
Fidelity9,880,8560 00For
T. Rowe Price9,647,7510 00For
BlackRock9,145,4624,405 00For
JPMorgan7,176,6560 00For
Victory Capital2,281,2950 00For
Bridge Builder Trust2,261,589164 00For
State Street2,256,237331 00For
Jackson National1,934,3130 00For
Charles Schwab1,573,8150 00For
Invesco1,245,7020 00For
INVESTMENT CO OF AMERICA1,171,5710 00For
Loomis Sayles1,071,6610 00For
Voya911,2760 00For
John Hancock892,2800 00For
TIAA869,0450 00For
Dimensional634,1900 00For
MassMutual514,7080 00For
Equitable495,5360 00For
First Trust463,9700 00For
Principal449,2180 00For
MASTER INVESTMENT PORTFOLIO440,8400 00For
PENN SERIES FUNDS INC411,8820 00For
NEW ECONOMY FUND396,7570 00For

Showing the 25 largest of 146 asset managers. See all 146 in the interactive database.

15. Shareholder Proposal Regarding Consideration of Proposed Capital Transactions Involving the Brands.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: no

Meeting held 2024-05-16.

Combines 3 wordings of this item as funds reported it.

0.8% Majority: no · of votes cast

AGAINST 99.2%
FOR: 1,743,493AGAINST: 219,817,996

YUM! BRANDS INC.’s own tally for this item (“Proposal 5: The shareholder proposal regarding consideration of proposed capital transactions was not approved based upon the following votes:”): 1,743,493 for, 219,817,996 against, per its Form 8-K (Item 5.07). FOR was not 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. Of all 281,632,212 outstanding shares: 0.7% for, 78% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 0.2% of the shares they voted on this item FOR (123,601 for, 109,852,705 against).

AGAINST 99.8%
FOR: 123,601 (0.1%)AGAINST: 109,852,705 (99.8%)ABSTAIN: 64,217 (0.1%)
Largest asset managers voting on “Shareholder Proposal Regarding Consideration of Proposed Capital Transactions Involving the Brands.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group031,632,576 00Against
Vanguard027,033,357 00Against
Fidelity09,880,856 00Against
T. Rowe Price09,647,751 00Against
JPMorgan07,176,656 00Against
Victory Capital02,281,295 00Against
Bridge Builder Trust02,261,753 00Against
State Street02,256,568 00Against
Jackson National01,934,313 00Against
Charles Schwab01,573,815 00Against
Invesco01,245,702 00Against
INVESTMENT CO OF AMERICA01,171,571 00Against
Loomis Sayles01,071,661 00Against
Voya0911,276 00Against
John Hancock0892,280 00Against
TIAA0869,045 00Against
Dimensional0634,190 00Against
MassMutual0514,708 00Against
Equitable0495,536 00Against
First Trust0463,970 00Against
Principal0449,218 00Against
PENN SERIES FUNDS INC0411,882 00Against
NEW ECONOMY FUND0396,757 00Against
Goldman Sachs0383,386 00Against
Russell Investments0292,488 00Against

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

16. Shareholder Proposal Regarding Adoption of a Policy on the Use of Medically Important Antimicrobials in Food-Producing Animals.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: no

Meeting held 2024-05-16.

Combines 5 wordings of this item as funds reported it.

12% Majority: no · of votes cast

12%AGAINST 88%
FOR: 26,223,263AGAINST: 195,424,175

YUM! BRANDS INC.’s own tally for this item (“Proposal 4: 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:”): 26,223,263 for, 195,424,175 against, per its Form 8-K (Item 5.07). FOR was not 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. Of all 281,632,212 outstanding shares: 9% for, 69% against (79% of the company cast a for/against vote).

The 139 asset managers below cast 0.9% of the shares they voted on this item FOR (891,049 for, 108,909,595 against).

AGAINST 99.0%
FOR: 891,049 (0.8%)AGAINST: 108,909,595 (99.0%)ABSTAIN: 171,451 (0.2%)
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., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Capital Group031,632,576 00Against
Vanguard027,033,357 00Against
Fidelity09,880,856 00Against
T. Rowe Price09,647,751 00Against
JPMorgan627,176,594 00Against
Victory Capital179,0942,102,201 00Against
Bridge Builder Trust1642,261,589 00Against
State Street5712,255,997 00Against
Jackson National01,934,313 00Against
Charles Schwab01,573,815 00Against
Invesco01,245,702 00Against
INVESTMENT CO OF AMERICA01,171,571 00Against
Loomis Sayles01,071,661 00Against
Voya0911,276 00Against
John Hancock113,368778,912 00Against
TIAA0869,045 00Against
Dimensional0634,190 00Against
MassMutual0514,708 00Against
Equitable3,540491,996 00Against
First Trust0463,970 00Against
Principal0449,218 00Against
PENN SERIES FUNDS INC0411,882 00Against
NEW ECONOMY FUND0396,757 00Against
Goldman Sachs0383,386 00Against
Russell Investments0292,488 00Against

Showing the 25 largest of 139 asset managers. See all 139 in the interactive database.

17. Comply with World Health Organization Guidelines on Antimicrobial Use Throughout Supply Chains

ENVIRONMENT OR CLIMATEOTHER SOCIAL ISSUES

Meeting held 2024-05-16.

0.4% fund support · no official result

AGAINST 99.5%

The 9 asset managers below cast 0.4% of the shares they voted on this item FOR (38,101 for, 9,660,725 against).

FOR: 38,101 (0.4%)AGAINST: 9,660,725 (99.6%)ABSTAIN: 1,600 (0.0%)
Largest asset managers voting on “Comply with World Health Organization Guidelines on Antimicrobial Use Throughout Supply Chains” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
BlackRock4,4059,145,462 00Against
MASTER INVESTMENT PORTFOLIO0440,840 00Against
GuideStone069,029 00Against
Empower31,8880 00For
Brighthouse04,379 00Against
Symmetry Panoramic Trust01,015 1,6000Abstain
Tidal Trust III1,4540 00For
Milliman Variable Insurance Trust3220 00For
Warren Street Wealth Advisors, LLC320 00For

18. Strategic Review Regarding Capital Transactions Involving the Brands

CORPORATE GOVERNANCEMajority of the votes cast: no

Meeting held 2024-05-16.

0.8% Majority: no · of votes cast

AGAINST 99.2%
FOR: 1,743,493AGAINST: 219,817,996

YUM! BRANDS INC.’s own tally for this item (“Proposal 5: The shareholder proposal regarding consideration of proposed capital transactions was not approved based upon the following votes:”): 1,743,493 for, 219,817,996 against, per its Form 8-K (Item 5.07). FOR was not 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. Of all 281,632,212 outstanding shares: 0.7% for, 78% against (79% of the company cast a for/against vote).

The 8 asset managers below cast 0.1% of the shares they voted on this item FOR (354 for, 9,629,443 against).

AGAINST 99.9%
FOR: 354 (0.0%)AGAINST: 9,629,443 (100.0%)ABSTAIN: 1,600 (0.0%)
Largest asset managers voting on “Strategic Review Regarding Capital Transactions Involving the Brands” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
BlackRock09,149,867 00Against
MASTER INVESTMENT PORTFOLIO0440,840 00Against
Empower031,888 00Against
Brighthouse04,379 00Against
Symmetry Panoramic Trust01,015 1,6000Abstain
Tidal Trust III01,454 00Against
Milliman Variable Insurance Trust3220 00For
Warren Street Wealth Advisors, LLC320 00For

19. Advisory Vote on Executive Compensation.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-15 (outside the 2023-2024 season's 1 July to 30 June window; reported in this season's filings).

91% Majority: yes · of votes cast

FOR 91%9%
FOR: 199,751,600AGAINST: 19,238,724

YUM! BRANDS INC.’s own tally for this item (“Proposal 3: 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:”): 199,751,600 for, 19,238,724 against, per its Form 8-K (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. Of all 281,632,212 outstanding shares: 71% for, 7% against (78% of the company cast a for/against vote).

The 4 asset managers below cast 100% of the shares they voted on this item FOR (1,572 for, 0 against).

FOR 100%
FOR: 1,572 (100.0%)
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
First County Bank /CT/9040 00For
Foster Victor Wealth Advisors, LLC4000 00For
Weil Company, Inc.2430 00For
Meixler Investment Management, Ltd.250 00For

20. Corporate governance

CORPORATE GOVERNANCE

Meeting held 2024-05-16.

Combines 2 wordings of this item as funds reported it.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 753 against).

AGAINST: 753 (100.0%)
Largest asset managers voting on “Corporate governance” at YUM! BRANDS INC., 2023-2024
Asset managerForAgainst AbstainWithheldVote
Members Trust Co0748 00Against
ZIMMERMANN INVESTMENT MANAGEMENT & PLANNING LLC05 00Against

Largest YUM! BRANDS INC. shareholders voting in 2023-2024

Ranked by the number of YUM! BRANDS INC. shares each manager voted on the most widely held ballot item of the 2023-2024 meeting, shown as a share of the 281,632,212 shares outstanding at the time of that meeting.

Top YUM! BRANDS INC. shareholders by shares voted, 2023-2024
#Asset manager % of shares outstanding
1Capital Group 23.04%
2Vanguard 10.04%
3T. Rowe Price 8.65%
4JPMorgan 7.51%
5BlackRock 6.25%
6New York Life 4.99%
7Fidelity 4.55%
8State Street 3.16%
9GEODE CAPITAL MANAGEMENT, LLC 2.52%
10Victory Capital 1.81%

Reported YUM! BRANDS INC. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

YUM! BRANDS INC. beneficial owners on record for the 2023-2024 proxy season
Holder % outstanding Disclosure
Vanguard Group 12.51% 13F
Blackrock Inc. 8.28% DEF14A
T. Rowe Price Investment Management, Inc. 5.66% DEF14A
JPMorgan Chase 5.66% 13F
Capital World Investors 5.25% DEF14A
Capital International Investors 5.00% DEF14A
State Street 4.55% 13F
Morgan Stanley 1.55% 13F
Northern Trust 1.08% 13F
FMR (Fidelity) 1.02% 13F

Percentages above are of 281,632,212 shares outstanding, as reported by YUM! BRANDS INC. on its Form 10-Q dated 2024-05-01 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, 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 2024-05-01. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.

At YUM! BRANDS INC.'s shareholder meeting held 2024-05-16, in the 2023-2024 proxy season, 987 asset managers reported how they voted in their SEC Form N-PX filings, covering 13,222 separate fund positions. Their filings are grouped here into 20 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Advisory Vote on Executive Compensation. — FOR was 93% 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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: YUM! BRANDS INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

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