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YUM! BRANDS, INC.-2013Proxy Statement46
Proxy Statement
EXECUTIVE COMPENSATION
All Other Compensation Table
The following table contains a breakdown of the compensation and benefi ts included under All Other Compensation in the Summary
Compensation Table above for 2012.
Name
Perquisites and
other personal
benefi ts
($)(1)
Tax
Reimbursements
($)(2)
Insurance
premiums
($)(3)
Other
($)(4)
Total
($)
(a) (b) (c) (d) (e) (f)
Novak 292,922 — 93,587 2,879 389,388
Grismer — — 3,622 101,030 104,652
Su 215,745 4,767,479 31,742 27,581 5,042,547
Carucci 29,996 — 25,824 — 55,820
Pant — — 13,092 300,000 313,092
(1) Amounts in this column include for Mr.Novak: incremental cost for the personal use of Company aircraft ($292,922)—we calculate the incremental cost to the
Company of any personal use of Company aircraft based on the cost of fuel, trip-related maintenance, crew travel, on board catering, landing and license fees, “dead
head” costs of flying planes to and from locations for personal use, and contract labor; for Mr.Su: expatriate spendables/housing allowance ($215,745); and for
Mr.Carucci: home security service and equipment expenses ($29,996).
(2) Amounts in this column reflect payments to the executive of tax reimbursements. For Mr.Su, as explained at page 41 , this amount represents the Company-provided
tax reimbursement for China income taxes incurred on deferred income distributions and stock option exercises which exceed the marginal Hong Kong tax rate.
(3) These amounts reflect the income each executive was deemed to receive from IRS tables related to Company provided life insurance in excess of $50,000 and from
premiums paid by the Company for additional long term disability insurance for each executive as described in more detail at page 41 . Effective January 1, 2013, the
Company no longer provides individual disability coverage to our Named Executive Officers. With respect to the life insurance, the Company provides every salaried
employee with life insurance coverage up to one times the employee’s salary plus target bonus. The amount of income deemed received with respect to the life
insurance for Messrs.Novak, Grismer, Su, Carucci and Pant was $26,796, $3,622, $19,092, $9,829 and $9,198, respectively. The additional long term disability
premiums made on behalf of Messrs.Novak, Grismer, Su, Carucci and Pant were $66,791, $0, $12,650, $15,995 and $3,894, respectively.
(4) Except in the case of Mr.Grismer and Mr.Pant, this column reports the total amount of other benefits provided, none of which individually exceeded the greater of
$25,000 or 10% of the total amount of these benefits and the perquisites and other personal benefits shown in column(b) for each Named Executive Officer. These
other benefits include: home security expense, relocation expenses, and tax preparation assistance. For Mr.Grismer and Mr.Pant, this column also includes Company
annual allocations of $91,438 and $300,000 respectively to an unfunded, unsecured account based retirement plan called the Leadership Retirement Plan. For
Mr.Grismer, this amount also includes a car and perquisite allowance for the portion of 2012 during which he was not a Named Executive Officer. The Company
discontinued providing several perquisites including a car allowance and perquisite allowance to its Named Executive Officers in 2011.