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YUM! BRANDS, INC.-2013Proxy Statement50
Proxy Statement
EXECUTIVE COMPENSATION
Option Exercises and Stock Vested
The table below shows the number of shares of YUM common stock acquired during 2012 upon exercise of stock options and vesting
of stock awards in the form of RSUs and PSUs, each including accumulated dividends and before payment of applicable withholding
taxes and broker commissions.
Name
Option Awards Stock Awards
Number of
Shares Acquired
on Exercise
(#)
Value
Realized on
Exercise
($)
Number of
Shares Acquired
on Vesting
(#)(1)(2)
Value
realized on
Vesting
($)(3)
(a) (b) (c) (d) (e)
Novak 585,934 28,697,580 247,730 15,596,047
Grismer —— ——
Su 171,128 8,924,376 17,234 1,144,328
Carucci 153,310 7,866,942 12,509 830,610
Pant — — 7,783 516,775
(1) The amounts in column (d) represent RSUs and PSUs that became vested in 2012. The shares represented by RSUs and PSUs will be distributed in accordance with
the deferral election, if any, made by the Named Executive Officer under the EID Program. See page 53 for a discussion of the EID Program.
(2) For Mr.Novak, the amount in this column reflects (i) the vesting of a RSU award (206,592 shares) on January24,2012 that was granted to him in 2008, and (ii) the
vesting of performance share units (41,138 shares) for the 2010-2012 performance period that ended on December29,2012 because performance was met and
certified. Mr.Novak may not sell the shares representing his RSU award until six months following his retirement from the Company and elected to defer receipt of
the shares attributable to the PSUs until retirement.
For Messrs. Su, Carucci and Pant, amounts in this column reflect the vesting of performance share units for the 2010-2012 performance period that ended on
December29,2012 because performance was met and certified .
Mr.Grismer was not eligible for a PSU award for the 2010-2012 performance period and, therefore, there is nothing to report for him.
(3) The amounts in column (e) represent the value realized on RSUs and PSUs that became vested in 2012. The value realized for the PSUs of each Named Executive
Officer was calculated based on the closing price of $66.40 for YUM common stock on December31,2012 (December29,2012 was a Saturday). The value realized
for Mr.Novak’s RSU award was calculated based on a closing price of $62.27 for YUM common stock on January24,2012.