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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 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 29Reported items
  • 1,024Asset managers
  • 14,827Fund votes
  • 2025-05-15Meeting date

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 (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 2025-05-15
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Paget L. Alves 217,867,2092,955,193255,601 --25,435,310 Majority: yes
Elect Director: Keith Barr 219,054,5361,779,526243,941 --25,435,310 Majority: yes
Elect Director: M. Brett Biggs 220,065,585764,903247,515 --25,435,310 Majority: yes
Elect Director: Christopher M. Connor 214,792,7636,043,651241,589 --25,435,310 Majority: yes
Elect Director: Brian C. Cornell 183,916,40436,928,355233,244 --25,435,310 Majority: yes
Elect Director: Tanya L. Domier 220,446,543420,838210,622 --25,435,310 Majority: yes
Elect Director: Susan Doniz 219,273,7121,586,849217,442 --25,435,310 Majority: yes
Elect Director: David W. Gibbs 219,992,746846,480238,777 --25,435,310 Majority: yes
Elect Director: Mirian M. Graddick-Weir 210,305,63410,549,104223,265 --25,435,310 Majority: yes
Elect Director: Thomas C. Nelson 210,545,33410,288,634244,035 --25,435,310 Majority: yes
Elect Director: P. Justin Skala 219,506,7141,327,845243,444 --25,435,310 Majority: yes
Elect Director: Annie Young-Scrivner 220,428,185432,126217,692 --25,435,310 Majority: yes
Proposal 2: The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2025 was approved based upon the following votes: 231,162,84815,017,365333,100 ---- 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: 199,751,60019,238,7242,087,679 --25,435,310 Majority: yes
Proposal 4: The proposal to approve the Company's 2025 Long Term Incentive Plan was approved based on the following votes: 212,761,3467,788,853527,804 --25,435,310 Majority: yes
Proposal 5: 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: 27,219,468190,061,1343,797,401 --25,435,310 Majority: no
Proposal 6: The shareholder proposal regarding the commission of a report on faith-based employee resource groups was not approved based upon the following votes: 2,128,464215,825,7533,123,786 --25,435,310 Majority: no
Proposal 7: The shareholder proposal regarding workplace safety policies and practices was not approved based upon the following votes: 41,222,226176,584,1243,271,653 --25,435,310 Majority: no

Source: YUM! BRANDS INC., Form 8-K — 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. 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 2025-05-15.

Combines 14 wordings of this item as funds reported it.

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 277,964,501 outstanding shares: 72% for, 7% against (79% of the company cast a for/against vote).

The 1,005 asset managers below cast 94% 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 94%
FOR: 93.7%AGAINST: 6.3%ABSTAIN: 0.0%NOT VOTED: 0.0%
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Capital Group42,988,5772,000 00For
Vanguard34,576,90518 10For
JPMorgan26,038,3260 00For
T. Rowe Price18,025,00922,608 00For
Fidelity10,698,3650 00For
State Street9,883,570144,199 00For
BlackRock9,965,4885,625 00For
GEODE CAPITAL MANAGEMENT, LLC7,900,1260 00For
Loomis Sayles4,143,3970 00For
Charles Schwab3,376,8050 00For
Legal & General Investment Management Ltd2,3423,345,813 00Against
Invesco3,153,4360 00For
Northern Trust2,800,526117,411 00For
Sustainable Growth Advisers, LP2,734,0640 00For
BANK OF AMERICA NA2,196,9170 00For
UBS1,888,957212,686 00For
INVESTMENT CO OF AMERICA1,980,2410 00For
Citadel1,916,3950 00For
Magellan Asset Management Ltd1,518,1160 00For
CANTILLON CAPITAL MANAGEMENT LLC1,506,6090 00For
USS Investment Management Ltd1,498,3420 00For
Epoch Investment Partners, Inc.1,337,7240 00For
Bridge Builder Trust1,321,453164 00For
Jackson National1,300,2600 00For
MELLON INVESTMENTS Corp1,258,5740 00For

Showing the 25 largest of 1,005 asset managers. See all 1,005 in the interactive database.

2. Proposal to Approve the Company's 2025 Long Term Incentive Plan.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 7 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 212,761,346AGAINST: 7,788,853

YUM! BRANDS INC.’s own tally for this item (“Proposal 4: The proposal to approve the Company's 2025 Long Term Incentive Plan was approved based on the following votes:”): 212,761,346 for, 7,788,853 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 277,964,501 outstanding shares: 77% for, 3% against (79% of the company cast a for/against vote).

The 151 asset managers below cast 99.5% of the shares they voted on this item FOR (106,972,173 for, 487,610 against).

FOR 99.5%
FOR: 106,972,173 (99.5%)AGAINST: 487,610 (0.5%)ABSTAIN: 1 (0.0%)
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
JPMorgan7,349,1810 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 00Against
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 151 asset managers. See all 151 in the interactive database.

3. Ratification of Independent Auditors.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 5 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 231,162,848AGAINST: 15,017,365

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 2025 was approved based upon the following votes:”): 231,162,848 for, 15,017,365 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 277,964,501 outstanding shares: 83% for, 5% against (89% of the company cast a for/against vote).

The 144 asset managers below cast 99.7% of the shares they voted on this item FOR (107,178,489 for, 280,146 against).

FOR 99.7%
FOR: 107,178,489 (99.7%)AGAINST: 280,146 (0.3%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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 144 asset managers. See all 144 in the interactive database.

4. Election of Directors: Annie Young-Scrivner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.2% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,448,940 for, 0 against).

FOR 99.9%
FOR: 107,448,940 (100.0%)AGAINST: 0 (0.0%)ABSTAIN: 23,600 (0.0%)
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
JPMorgan7,349,1810 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. Election of Directors: Brian C. Cornell

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

83% Majority: yes · of votes cast

FOR 83%AGAINST 17%
FOR: 183,916,404AGAINST: 36,928,355

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 (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 277,964,501 outstanding shares: 66% for, 13% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 79% of the shares they voted on this item FOR (84,772,452 for, 22,682,748 against).

FOR 79%AGAINST 21%
FOR: 84,772,452 (78.9%)AGAINST: 22,682,748 (21.1%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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 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. Election of Directors: Christopher M. Connor

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 77% for, 2% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,441,042 for, 14,158 against).

FOR 99.9%
FOR: 107,441,042 (100.0%)AGAINST: 14,158 (0.0%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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. Election of Directors: David W. Gibbs

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.4% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,448,940 for, 6,260 against).

FOR 99.9%
FOR: 107,448,940 (100.0%)AGAINST: 6,260 (0.0%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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.

8. Election of Directors: Keith Barr

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.7% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,441,046 for, 14,154 against).

FOR 99.9%
FOR: 107,441,046 (100.0%)AGAINST: 14,154 (0.0%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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. Election of Directors: M. Brett Biggs

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.3% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,455,199 for, 1 against).

FOR 99.9%
FOR: 107,455,199 (100.0%)AGAINST: 1 (0.0%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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. Election of Directors: Mirian M. Graddick-Weir

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 76% for, 4% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.8% of the shares they voted on this item FOR (107,319,504 for, 135,696 against).

FOR 99.8%
FOR: 107,319,504 (99.9%)AGAINST: 135,696 (0.1%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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.

11. Election of Directors: P. Justin Skala

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.5% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,454,976 for, 224 against).

FOR 99.9%
FOR: 107,454,976 (100.0%)AGAINST: 224 (0.0%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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. Election of Directors: Paget L. Alves

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 78% for, 1% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,446,494 for, 2,447 against).

FOR 99.9%
FOR: 107,446,494 (100.0%)AGAINST: 2,447 (0.0%)ABSTAIN: 23,600 (0.0%)
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
JPMorgan7,349,1810 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.

13. Election of Directors: Susan Doniz

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.6% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,377,443 for, 77,756 against).

FOR 99.9%
FOR: 107,377,443 (99.9%)AGAINST: 77,756 (0.1%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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.

14. Election of Directors: Tanya L. Domier

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 79% for, 0.2% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.9% of the shares they voted on this item FOR (107,455,199 for, 0 against).

FOR 99.9%
FOR: 107,455,199 (100.0%)AGAINST: 0 (0.0%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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.

15. Election of Directors: Thomas C. Nelson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-05-15.

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

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 (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 277,964,501 outstanding shares: 76% for, 4% against (79% of the company cast a for/against vote).

The 140 asset managers below cast 99.8% of the shares they voted on this item FOR (107,325,031 for, 130,169 against).

FOR 99.8%
FOR: 107,325,031 (99.9%)AGAINST: 130,169 (0.1%)ABSTAIN: 17,341 (0.0%)
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
JPMorgan7,349,1810 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.

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 2025-05-15.

Combines 6 wordings of this item as funds reported it.

13% Majority: no · of votes cast

13%AGAINST 87%
FOR: 27,219,468AGAINST: 190,061,134

YUM! BRANDS INC.’s own tally for this item (“Proposal 5: 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:”): 27,219,468 for, 190,061,134 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 277,964,501 outstanding shares: 10% for, 68% against (78% of the company cast a for/against vote).

The 138 asset managers below cast 0.5% of the shares they voted on this item FOR (501,333 for, 106,713,450 against).

AGAINST 99.3%
FOR: 501,333 (0.5%)AGAINST: 106,713,450 (99.4%)ABSTAIN: 146,259 (0.1%)
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
JPMorgan637,349,118 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 21,5380Against
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. Shareholder Proposal Regarding Workplace Safety Policies and Practices.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: no

Meeting held 2025-05-15.

Combines 6 wordings of this item as funds reported it.

19% Majority: no · of votes cast

FOR 19%AGAINST 81%
FOR: 41,222,226AGAINST: 176,584,124

YUM! BRANDS INC.’s own tally for this item (“Proposal 7: The shareholder proposal regarding workplace safety policies and practices was not approved based upon the following votes:”): 41,222,226 for, 176,584,124 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 277,964,501 outstanding shares: 15% for, 64% against (78% of the company cast a for/against vote).

The 138 asset managers below cast 5% of the shares they voted on this item FOR (5,085,697 for, 102,129,087 against).

AGAINST 95%
FOR: 5,085,697 (4.7%)AGAINST: 102,129,087 (95.1%)ABSTAIN: 146,259 (0.1%)
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
JPMorgan637,349,118 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 00For
MassMutual0415,869 00Against
WisdomTree0413,484 00Against
Brighthouse1,126370,391 21,5380Against
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. Shareholder Proposal Regarding Report on Faith-Based Employee Resource Groups.

EXTRAORDINARY TRANSACTIONSMajority of the votes cast: no

Meeting held 2025-05-15.

Combines 5 wordings of this item as funds reported it.

1.0% Majority: no · of votes cast

AGAINST 99.0%
FOR: 2,128,464AGAINST: 215,825,753

YUM! BRANDS INC.’s own tally for this item (“Proposal 6: The shareholder proposal regarding the commission of a report on faith-based employee resource groups was not approved based upon the following votes:”): 2,128,464 for, 215,825,753 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 277,964,501 outstanding shares: 0.8% for, 78% against (78% of the company cast a for/against vote).

The 137 asset managers below cast 0.1% of the shares they voted on this item FOR (27,569 for, 106,971,630 against).

AGAINST 99.8%
FOR: 27,569 (0.0%)AGAINST: 106,971,630 (99.8%)ABSTAIN: 175,540 (0.2%)
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
JPMorgan07,349,181 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 21,5380Against
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.

19. Approve Omnibus Stock Plan

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

96% fund support · no official result

FOR 96%

The 7 asset managers below cast 96% of the shares they voted on this item FOR (110,201 for, 4,000 against).

FOR: 110,201 (96.5%)AGAINST: 4,000 (3.5%)
Largest asset managers voting on “Approve Omnibus Stock Plan” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
GuideStone62,9990 00For
Empower36,7040 00For
AGF Investments Trust10,1660 00For
CLEARWATER INVESTMENT TRUST03,800 00Against
NORTHERN LIGHTS FUND TRUST III3190 00For
WASHINGTON CAPITAL MANAGEMENT, INC0200 00Against
UNIFIED SERIES TRUST130 00For

20. Report on Risks Related to Religious Discrimination Against Employees

AUDIT-RELATED

Meeting held 2025-05-15.

Combines 2 wordings of this item as funds reported it.

21% fund support · no official result

FOR 21%AGAINST 79%

The 7 asset managers below cast 21% of the shares they voted on this item FOR (62,999 for, 236,987 against).

FOR: 62,999 (21.0%)AGAINST: 236,987 (79.0%)
Largest asset managers voting on “Report on Risks Related to Religious Discrimination Against Employees” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.0185,657 00Against
GuideStone62,9990 00For
Empower036,704 00Against
AGF Investments Trust010,166 00Against
CLEARWATER INVESTMENT TRUST03,800 00Against
Virtus0647 00Against
UNIFIED SERIES TRUST013 00Against

21. Advisory Vote on Executive Compensation.

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

Meeting held 2024-05-16 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 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 277,964,501 outstanding shares: 74% for, 5% against (79% of the company cast a for/against vote).

The 6 asset managers below cast 100% of the shares they voted on this item FOR (30,768 for, 0 against).

FOR 100%
FOR: 30,768 (100.0%)
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
COLDSTREAM CAPITAL MANAGEMENT INC28,2680 00For
VAUGHAN DAVID INVESTMENTS LLC/IL1,7680 00For
Ipswich Investment Management Co., Inc.3000 00For
Axiom Financial Strategies, LLC2260 00For
Seascape Capital Management2060 00For
Echo45 Advisors LLC00 00--

22. Adopt Incentive Stock Option Plan

OTHERMajority of the votes cast: yes

Meeting held 2025-05-15.

96% Majority: yes · of votes cast

FOR 96%
FOR: 212,761,346AGAINST: 7,788,853

YUM! BRANDS INC.’s own tally for this item (“Proposal 4: The proposal to approve the Company's 2025 Long Term Incentive Plan was approved based on the following votes:”): 212,761,346 for, 7,788,853 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 277,964,501 outstanding shares: 77% for, 3% against (79% of the company cast a for/against vote).

The 5 asset managers below cast 100% of the shares they voted on this item FOR (2,615 for, 0 against).

FOR 29%A 71%
FOR: 2,615 (28.7%)A: 6,489 (71.3%)
Largest asset managers voting on “Adopt Incentive Stock Option Plan” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
LEAVELL INVESTMENT MANAGEMENT, INC.00 00A
Blue Fin Capital, Inc.1,6820 00For
HARBOUR INVESTMENT MANAGEMENT LLC5010 00For
VOISARD ASSET MANAGEMENT GROUP, INC.4070 00For
NORTHERN LIGHTS FUND TRUST III250 00For

23. Commission a Third Party Audit on Working Conditions

COMPENSATION

Meeting held 2025-05-15.

12% fund support · no official result

12%AGAINST 88%

The 5 asset managers below cast 12% of the shares they voted on this item FOR (13,979 for, 99,703 against).

FOR: 13,979 (12.3%)AGAINST: 99,703 (87.7%)
Largest asset managers voting on “Commission a Third Party Audit on Working Conditions” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
GuideStone062,999 00Against
Empower036,704 00Against
AGF Investments Trust10,1660 00For
CLEARWATER INVESTMENT TRUST3,8000 00For
UNIFIED SERIES TRUST130 00For

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

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

9% fund support · no official result

9%AGAINST 91%

The 5 asset managers below cast 9% of the shares they voted on this item FOR (10,166 for, 103,516 against).

FOR: 10,166 (8.9%)AGAINST: 103,516 (91.1%)
Largest asset managers voting on “Comply with World Health Organization Guidelines on Antimicrobial Use Throughout Supply Chains” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
GuideStone062,999 00Against
Empower036,704 00Against
AGF Investments Trust10,1660 00For
CLEARWATER INVESTMENT TRUST03,800 00Against
UNIFIED SERIES TRUST013 00Against

25. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%
Largest asset managers voting on “Election of Directors (Majority Voting)” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
HARBOUR INVESTMENT MANAGEMENT LLC6,0120 00For
VOISARD ASSET MANAGEMENT GROUP, INC.4070 00For
NORTHERN LIGHTS FUND TRUST III250 00For

26. S/H Proposal - Corporate Governance

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-05-15.

100% fund support · no official result

FOR 22%NOT VOTED 78%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (432 for, 0 against).

FOR: 432 (22.3%)NOT VOTED: 1,503 (77.7%)
Largest asset managers voting on “S/H Proposal - Corporate Governance” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
HARBOUR INVESTMENT MANAGEMENT LLC00 00Not Voted
VOISARD ASSET MANAGEMENT GROUP, INC.4070 00For
NORTHERN LIGHTS FUND TRUST III250 00For

27. COMPENSATION

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

Meeting held 2025-05-15.

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 277,964,501 outstanding shares: 72% for, 7% against (79% of the company cast a for/against vote).

The 3 asset managers below cast 100% of the shares they voted on this item FOR (1,163 for, 0 against).

FOR 100%
FOR: 1,163 (100.0%)
Largest asset managers voting on “COMPENSATION” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Members Trust Co7630 00For
Capital Group3000 00For
Blue Sky Capital Consultants Group, Inc.1000 00For

28. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-05-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,947 for, 0 against).

FOR: 2,947 (100.0%)
Largest asset managers voting on “Director Elections” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Ballew Advisors, Inc2,1840 00For
Members Trust Co7630 00For

29. Executive Salary

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-05-15.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (306 for, 0 against).

FOR: 306 (100.0%)
Largest asset managers voting on “Executive Salary” at YUM! BRANDS INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Bell & Brown Wealth Advisors, LLC2500 00For
Northside Capital Management, LLC560 00For

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

Ranked by the number of YUM! BRANDS INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 277,964,501 shares outstanding at the time of that meeting.

Top YUM! BRANDS INC. shareholders by shares voted, 2024-2025
#Asset manager % of shares outstanding
1Capital Group 15.47%
2Vanguard 12.44%
3JPMorgan 9.37%
4T. Rowe Price 6.49%
5Fidelity 3.85%
6State Street 3.61%
7BlackRock 3.59%
8GEODE CAPITAL MANAGEMENT, LLC 2.84%
9Loomis Sayles 1.49%
10Charles Schwab 1.22%

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 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 2025-05-01 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 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 2025-05-01. 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 2025-05-15, in the 2024-2025 proxy season, 1,024 asset managers reported how they voted in their SEC Form N-PX filings, covering 14,827 separate fund positions. Their filings are grouped here into 29 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 91% 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 · 2024-2025 (this page) · 2025-2026.