Pizza Hut 2011 Annual Report Download - page 82
Download and view the complete annual report
Please find page 82 of the 2011 Pizza Hut annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72 -
73 -
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
 |
 |
16MAR201218540977
OPTION EXERCISES AND STOCK VESTED
The table below shows the number of shares of YUM common stock acquired during 2011 upon
exercise of stock options and vesting of stock awards in the form of RSUs and PSUs, 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 824,574 37,862,433 47,675 2,813,294
Carucci 61,808 2,556,323 43,347 2,280,642
Su 171,640 7,488,629 19,973 1,178,600
Allan 114,600 4,585,547 19,973 1,178,600
Pant — — 48,543 2,484,704
(1) These amounts represent RSUs and PSUs that became vested in 2011. The shares represented by
RSUs will be distributed in accordance with the deferral election made by the NEO under the EID
Program. See page 68 for a discussion of the EID Program.
PENSION BENEFITS
The table below shows the present value of accumulated benefits payable to each of the NEOs,
including the number of years of service credited to each such NEO, 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.
2011 Fiscal Year Pension Benefits Table
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 Qualified Retirement Plan(1) 25 1,121,430 —
Pension Equalization Plan(2) 25 26,511,550 —
Carucci Qualified Retirement Plan 27 772,653 —
Pension Equalization Plan 27 8,100,607 —
Su International Retirement
Plan(3) 22 12,238,452 —
Allan* Qualified Retirement Plan 8 561,427 —
Pension Equalization Plan 8 4,839,814 —
Pant** Qualified Retirement Plan —
Pension Equalization Plan —
* Under these plans, Mr. Allan only receives credited service for his eligible U.S. based service.
Mr. Allan was based outside the U.S. for 11 years. He did not accrue a benefit under any retirement
plan based upon final compensation or years of service as in the case of these plans.
** Mr. Pant is not accruing a benefit under these plans because he was hired after September 30, 2001
and is therefore ineligible for these benefits. Mr. Pant participates in an unfunded, unsecured
64