Pizza Hut 2008 Annual Report Download - page 85

23MAR200920295069
OPTION EXERCISES AND STOCK VESTED
The table below shows the number of shares of YUM common stock acquired during 2008 upon
exercise of stock options and vesting of stock awards in the form of RSUs, each before payment of
applicable withholding taxes and broker commissions.
Option Awards Stock Awards
Number of Shares Value Realized Number of Shares Value realized
Acquired on Exercise on Exercise Acquired on Vesting on Vesting
Name (#) ($) (#)(1) ($)
(a) (b) (c) (d) (e)
Novak — — 165,396 5,735,718
Carucci 109,616 3,387,273 6,839 243,810
Su — — 60,268 2,090,007
Allan 84,404 2,345,798 31,036 1,106,433
Creed 23,411 601,232 28,460 1,014,599
(1) These amounts represent RSUs that became vested in 2008. These shares will be distributed in
accordance with the deferral election made by the named executive officer under the EID Program.
See page 71 for a discussion of the EID Program.
PENSION BENEFITS
The table below shows the present value of accumulated benefits payable to each of the named
executive officers, including the number of years of service credited to each such named executive officer,
under the YUM! Brands Retirement Plan (‘‘Retirement Plan’’) and the YUM! Brands, Inc. Pension
Equalization Plan (‘‘Pension Equalization Plan’’) or the YUM! Brands International Retirement Plan
determined using interest rate and mortality rate assumptions consistent with those used in the Company’s
financial statements.
Number of Present Value of Payments
Years of Accumulated During
Proxy Statement
Credited Service Benefit(4) Last Fiscal Year
Name Plan Name (#) ($) ($)
(a) (b) (c) (d) (e)
Novak Retirement Plan(1) 22 701,145 —
Pension Equalization Plan(2) 22 13,820,312 —
Carucci Retirement Plan(1) 24 430,022 —
Pension Equalization Plan(2) 24 2,234,001 —
Su International Retirement
Plan(3) 19 4,679,537 —
Allan Retirement Plan(1) 5* 158,962 —
Pension Equalization Plan(2) 5* 930,916 —
Creed Retirement Plan(1) 2* 53,793 —
Pension Equalization Plan(2) 2* 0 —
* Under these plans, Messrs. Allan and Creed only receive credited service for their eligible U.S. based
service. Mr. Allan was based outside the U.S. for 11 years. Mr. Creed was based outside the U.S. for
7 years. During that time neither accrued a benefit under any retirement plan based upon final
compensation or years of service like these plans. In addition, under the terms of Mr. Creed’s
assignment in the U.S., he is covered under an Australian defined contribution plan related to his
service in Australia prior to his transfer to the U.S. to which the Company continues to make annual
contributions. While the Company makes contributions to the Australian plan, Mr. Creed will not
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