Home › Companies › Yum! Brands, Inc. › 2025-2026

Yum! Brands, Inc. 2025-2026 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.

  • 17Reported items
  • 1,099Asset managers
  • 13,736Fund votes
  • 2026-05-14Meeting date

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

Explore Yum! Brands, Inc. in the interactive database Compare manager voting policies

Official 2025-2026 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 2026-05-14
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Paget L. Alves 218,273,4613,595,796245,658 --23,986,264 Majority: yes
Elect Director: M. Brett Biggs 218,442,8783,439,853232,184 --23,986,264 Majority: yes
Elect Director: Brian C. Cornell 213,424,3138,461,315229,287 --23,986,264 Majority: yes
Elect Director: Tanya L. Domier 220,783,9351,119,685211,295 --23,986,264 Majority: yes
Elect Director: Susan Doniz 219,250,2182,647,725216,972 --23,986,264 Majority: yes
Elect Director: Mirian M. Graddick-Weir 208,897,96212,999,923217,030 --23,986,264 Majority: yes
Elect Director: Thomas C. Nelson 213,485,2628,394,334235,319 --23,986,264 Majority: yes
Elect Director: Kathleen K. Oberg 221,536,778364,109214,028 --23,986,264 Majority: yes
Elect Director: P. Justin Skala 220,027,1401,848,766239,009 --23,986,264 Majority: yes
Elect Director: Chris Turner 220,641,6251,239,052234,238 --23,986,264 Majority: yes
Elect Director: Annie Young-Scrivner 219,247,0822,655,892211,941 --23,986,264 Majority: yes
Proposal 2: The proposal to ratify the appointment of KPMG LLP as the Company's independent auditor for 2026 was approved based upon the following votes: 231,597,16714,177,562326,450 ---- 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: 212,220,7479,209,495684,673 --23,986,264 Majority: yes
Proposal 4: The shareholder proposal regarding reducing the ownership threshold for shareholders to call a special meeting was not approved based upon the following votes: 83,507,337137,798,232809,346 --23,986,264 Majority: no

Source: Yum! Brands, Inc., Form 8-K — read the filing on EDGAR.

How asset managers voted at the Yum! Brands, Inc. 2025-2026 meeting

Each item below shows how the 1,099 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 2026-05-14.

Combines 19 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 212,220,747AGAINST: 9,209,495

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:”): 212,220,747 for, 9,209,495 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 275,621,202 outstanding shares: 77% for, 3% against (80% of the company cast a for/against vote).

The 1,082 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: 97.3%AGAINST: 2.7%ABSTAIN: 0.0%NOT VOTED: 0.0%
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard35,475,20978 30For
Capital Group35,268,1770 00For
BlackRock22,527,5631,811 00For
T. Rowe Price19,633,9940 00For
Fidelity11,568,1170 00For
JPMorgan10,424,8920 00For
GEODE CAPITAL MANAGEMENT, LLC8,994,1040 00For
Invesco8,133,5730 00For
State Street7,409,64632,995 00For
Loomis Sayles4,296,9090 00For
Charles Schwab3,490,4530 00For
Northern Trust2,901,8630 00For
UBS2,386,4280 00For
Sustainable Growth Advisers, LP2,263,9840 00For
Bridge Builder Trust1,838,6680 00For
BANK OF AMERICA NA1,744,2680 00For
CANTILLON CAPITAL MANAGEMENT LLC1,628,4710 00For
John Hancock1,623,4060 00For
Jackson National1,467,3670 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC1,405,3230 00For
Magellan Asset Management Ltd1,401,5610 00For
Capital Research Global Investors1,373,4000 00For
AllianceBernstein1,314,0990 00For
MELLON INVESTMENTS Corp1,303,2020 00For
Boston Partners1,268,4340 00For

Showing the 25 largest of 1,082 asset managers. See all 1,082 in the interactive database.

2. Election of Directors: Paget L. Alves

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 218,273,461AGAINST: 3,595,796

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Paget L. Alves”): 218,273,461 for, 3,595,796 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 275,621,202 outstanding shares: 79% for, 1% against (80% of the company cast a for/against vote).

The 154 asset managers below cast 99.9% of the shares they voted on this item FOR (110,546,655 for, 5,109 against).

FOR 99.9%
FOR: 110,546,655 (100.0%)AGAINST: 5,109 (0.0%)ABSTAIN: 23,400 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Paget L. Alves” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,23930 30For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

3. Election of Directors: M. Brett Biggs

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 218,442,878AGAINST: 3,439,853

Yum! Brands, Inc.’s own tally for this item (“Elect Director: M. Brett Biggs”): 218,442,878 for, 3,439,853 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 275,621,202 outstanding shares: 79% for, 1% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.7% of the shares they voted on this item FOR (110,262,663 for, 289,101 against).

FOR 99.7%
FOR: 110,262,663 (99.7%)AGAINST: 289,101 (0.3%)ABSTAIN: 23,400 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: M. Brett Biggs” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,23930 30For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

4. Election of Directors: Brian C. Cornell

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 213,424,313AGAINST: 8,461,315

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Brian C. Cornell”): 213,424,313 for, 8,461,315 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 275,621,202 outstanding shares: 77% for, 3% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.7% of the shares they voted on this item FOR (110,252,307 for, 299,455 against).

FOR 99.7%
FOR: 110,252,307 (99.7%)AGAINST: 299,455 (0.3%)ABSTAIN: 23,400 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Brian C. Cornell” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,21255 30For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

5. Election of Directors: Tanya L. Domier

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 220,783,935AGAINST: 1,119,685

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Tanya L. Domier”): 220,783,935 for, 1,119,685 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 275,621,202 outstanding shares: 80% for, 0.5% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.9% of the shares they voted on this item FOR (110,551,757 for, 8 against).

FOR 99.9%
FOR: 110,551,757 (100.0%)AGAINST: 8 (0.0%)ABSTAIN: 23,398 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Tanya L. Domier” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,2628 10For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

6. Election of Directors: Susan Doniz

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 219,250,218AGAINST: 2,647,725

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Susan Doniz”): 219,250,218 for, 2,647,725 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 275,621,202 outstanding shares: 80% for, 1.0% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.9% of the shares they voted on this item FOR (110,551,742 for, 23 against).

FOR 99.9%
FOR: 110,551,742 (100.0%)AGAINST: 23 (0.0%)ABSTAIN: 23,398 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Susan Doniz” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,24723 10For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

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

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 208,897,962AGAINST: 12,999,923

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Mirian M. Graddick-Weir”): 208,897,962 for, 12,999,923 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 275,621,202 outstanding shares: 76% for, 5% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.0% of the shares they voted on this item FOR (109,498,099 for, 1,053,668 against).

FOR 99.0%
FOR: 109,498,099 (99.0%)AGAINST: 1,053,668 (1.0%)ABSTAIN: 23,397 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Mirian M. Graddick-Weir” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,524,06636,206 00For
Capital Group17,852,7470 00For
BlackRock10,176,2223,042 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,49545 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,088609 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse378,977237 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments0303,157 00Against

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

8. Election of Directors: Thomas C. Nelson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 213,485,262AGAINST: 8,394,334

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Thomas C. Nelson”): 213,485,262 for, 8,394,334 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 275,621,202 outstanding shares: 77% for, 3% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.7% of the shares they voted on this item FOR (110,257,351 for, 294,414 against).

FOR 99.7%
FOR: 110,257,351 (99.7%)AGAINST: 294,414 (0.3%)ABSTAIN: 23,400 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Thomas C. Nelson” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,19476 30For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,49545 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

9. Election of Directors: Kathleen K. Oberg

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 7 wordings of this item as funds reported it.

99.8% Majority: yes · of votes cast

FOR 99.8%
FOR: 221,536,778AGAINST: 364,109

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Kathleen K. Oberg”): 221,536,778 for, 364,109 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 275,621,202 outstanding shares: 80% for, 0.2% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.9% of the shares they voted on this item FOR (110,551,764 for, 3 against).

FOR 99.9%
FOR: 110,551,764 (100.0%)AGAINST: 3 (0.0%)ABSTAIN: 23,397 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Kathleen K. Oberg” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,2693 00For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

10. Election of Directors: P. Justin Skala

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 6 wordings of this item as funds reported it.

99.1% Majority: yes · of votes cast

FOR 99.1%
FOR: 220,027,140AGAINST: 1,848,766

Yum! Brands, Inc.’s own tally for this item (“Elect Director: P. Justin Skala”): 220,027,140 for, 1,848,766 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 275,621,202 outstanding shares: 80% for, 0.7% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.7% of the shares they voted on this item FOR (110,257,599 for, 294,168 against).

FOR 99.7%
FOR: 110,257,599 (99.7%)AGAINST: 294,168 (0.3%)ABSTAIN: 23,400 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: P. Justin Skala” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,25418 30For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

11. Election of Directors: Chris Turner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 7 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%
FOR: 220,641,625AGAINST: 1,239,052

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Chris Turner”): 220,641,625 for, 1,239,052 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 275,621,202 outstanding shares: 80% for, 0.5% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.9% of the shares they voted on this item FOR (110,551,753 for, 10 against).

FOR 99.9%
FOR: 110,551,753 (100.0%)AGAINST: 10 (0.0%)ABSTAIN: 23,400 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Chris Turner” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,25810 30For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

12. Election of Directors: Annie Young-Scrivner

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 7 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 219,247,082AGAINST: 2,655,892

Yum! Brands, Inc.’s own tally for this item (“Elect Director: Annie Young-Scrivner”): 219,247,082 for, 2,655,892 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 275,621,202 outstanding shares: 80% for, 1.0% against (81% of the company cast a for/against vote).

The 154 asset managers below cast 99.9% of the shares they voted on this item FOR (110,551,742 for, 23 against).

FOR 99.9%
FOR: 110,551,742 (100.0%)AGAINST: 23 (0.0%)ABSTAIN: 23,397 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Election of Directors: Annie Young-Scrivner” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,560,24723 00For
Capital Group17,852,7470 00For
BlackRock10,179,2640 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,5400 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse379,2140 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable375,8070 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

13. Ratification of Independent Auditors.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-05-14.

Combines 4 wordings of this item as funds reported it.

94% Majority: yes · of votes cast

FOR 94%
FOR: 231,597,167AGAINST: 14,177,562

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 2026 was approved based upon the following votes:”): 231,597,167 for, 14,177,562 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 275,621,202 outstanding shares: 84% for, 5% against (89% of the company cast a for/against vote).

The 154 asset managers below cast 99.7% of the shares they voted on this item FOR (110,255,231 for, 296,533 against).

FOR 99.7%
FOR: 110,255,231 (99.7%)AGAINST: 296,533 (0.3%)ABSTAIN: 23,397 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Ratification of Independent Auditors.” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard32,524,06236,207 00For
Capital Group17,852,7470 00For
BlackRock10,177,6761,588 00For
Fidelity9,622,5640 00For
JPMorgan8,602,4380 00For
T. Rowe Price7,502,9490 00For
Invesco3,804,9620 00For
State Street2,715,49545 00For
Bridge Builder Trust1,838,6680 00For
Charles Schwab1,721,6970 00For
John Hancock1,471,2630 00For
Jackson National1,467,3670 00For
Loomis Sayles1,037,9810 00For
TIAA558,6610 00For
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse378,977237 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO382,9480 00For
Equitable367,8907,917 00For
First Trust357,8380 00For
Dimensional334,6090 00For
Voya333,0370 00For
MassMutual314,2040 00For
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

14. Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.

SHAREHOLDER RIGHTS AND DEFENSESMajority of the votes cast: no

Meeting held 2026-05-14.

Combines 5 wordings of this item as funds reported it.

38% Majority: no · of votes cast

FOR 38%AGAINST 62%
FOR: 83,507,337AGAINST: 137,798,232

Yum! Brands, Inc.’s own tally for this item (“Proposal 4: The shareholder proposal regarding reducing the ownership threshold for shareholders to call a special meeting was not approved based upon the following votes:”): 83,507,337 for, 137,798,232 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 275,621,202 outstanding shares: 30% for, 49.9% against (80% of the company cast a for/against vote).

The 154 asset managers below cast 29% of the shares they voted on this item FOR (32,100,708 for, 78,451,258 against).

FOR 29%AGAINST 71%
FOR: 32,100,708 (29.0%)AGAINST: 78,451,258 (70.9%)ABSTAIN: 23,404 (0.0%)NOT VOTED: 233 (0.0%)
Largest asset managers voting on “Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting.” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard160,44432,399,821 70Against
Capital Group17,852,7470 00For
BlackRock14,74310,164,521 00Against
Fidelity199,5239,423,041 00Against
JPMorgan08,602,438 00Against
T. Rowe Price07,502,949 00Against
Invesco3,803,8761,086 00For
State Street7,0062,708,534 00Against
Bridge Builder Trust1,808,14730,521 00For
Charles Schwab6091,721,088 00Against
John Hancock1,405,58565,678 00For
Jackson National89,1741,378,193 00Against
Loomis Sayles1,037,9810 00For
TIAA0558,661 00Against
Federated Hermes496,4530 00For
SRH Total Return Fund, Inc.425,0000 00For
Brighthouse229,487149,727 23,3970For
Victory Capital400,7660 00For
MASTER INVESTMENT PORTFOLIO0382,948 00Against
Equitable247,729128,078 00For
First Trust357,8380 00For
Dimensional0334,609 00Against
Voya0333,037 00Against
MassMutual50,766263,438 00Against
Russell Investments303,1570 00For

Showing the 25 largest of 154 asset managers. See all 154 in the interactive database.

15. Advisory Vote on Executive Compensation.

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

Meeting held 2025-05-15 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 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 275,621,202 outstanding shares: 72% for, 7% against (79% of the company cast a for/against vote).

The 7 asset managers below cast 50.9% of the shares they voted on this item FOR (50,978 for, 49,124 against).

FOR 50.9%AGAINST 49.1%
FOR: 50,978 (50.9%)AGAINST: 49,124 (49.1%)
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
PENSIOENFONDS RAIL & OV027,016 00Against
GLENMEDE FUND INC22,1820 00For
OSSIAM022,108 00Against
OSBORNE PARTNERS CAPITAL MANAGEMENT, LLC18,5250 00For
Investment Management Corp of Ontario8,8140 00For
FIRST UNITED BANK & TRUST1,0570 00For
MARATHON CAPITAL MANAGEMENT4000 00For

16. Advisory Vote on Executive Compensation.

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2026-03-18; no official results on file for that date.

2% fund support · no official result

AGAINST 98%

The 2 asset managers below cast 2% of the shares they voted on this item FOR (335 for, 20,413 against).

FOR: 335 (1.6%)AGAINST: 20,413 (98.4%)
Largest asset managers voting on “Advisory Vote on Executive Compensation.” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
SCHRODER INVESTMENT MANAGEMENT GROUP020,413 00Against
GLOBALT Investments LLC / GA3350 00For

17. Director Elections

DIRECTOR ELECTIONS

Meeting held 2026-05-14.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (2,868 for, 0 against).

FOR: 2,868 (100.0%)
Largest asset managers voting on “Director Elections” at Yum! Brands, Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Ballew Advisors, Inc2,2260 00For
Members Trust Co6420 00For

Largest Yum! Brands, Inc. shareholders voting in 2025-2026

Ranked by the number of Yum! Brands, Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 275,621,202 shares outstanding at the time of that meeting.

Top Yum! Brands, Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 12.87%
2Capital Group 12.80%
3BlackRock 8.17%
4T. Rowe Price 7.12%
5Fidelity 4.20%
6JPMorgan 3.79%
7GEODE CAPITAL MANAGEMENT, LLC 3.26%
8Invesco 2.95%
9State Street 2.70%
10Loomis Sayles 1.56%

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 2025-2026 proxy season
Holder % outstanding Disclosure
The Vanguard Group 12.17% DEF14A
Blackrock, Inc. 9.69% DEF14A
Capital International Investors 7.30% 13G
JP Morgan Chase & Co. 7.28% DEF14A
JPMORGAN CHASE & CO. 7.28% 13G
Vanguard Portfolio Management 5.07% 13G
State Street 4.71% 13F
T. Rowe Price Investment Management, Inc. 3.59% 13G
Invesco 1.46% 13F
Northern Trust 1.17% 13F

Percentages above are of 275,621,202 shares outstanding, as reported by Yum! Brands, Inc. on its Form 10-Q dated 2026-05-01 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 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 2026-05-01. 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 2026-05-14, in the 2025-2026 proxy season, 1,099 asset managers reported how they voted in their SEC Form N-PX filings, covering 13,736 separate fund positions. Their filings are grouped here into 17 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 96% 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 · 2025-2026 (this page).