Pizza Hut 2015 Annual Report Download - page 80

YUM! BRANDS, INC.-2016Proxy Statement66
Proxy Statement
EXECUTIVE COMPENSATION
Name Grant Date
Option/SAR Awards(1) Stock Awards Equity
incentive
plan awards:
Number of
unearned
shares, units
or other rights
that have not
vested
(#)(4)
Equity incentive
plan awards:
market or
payout value
of unearned
shares, units
or other rights
that have not
vested
($)(3)
Number of
Securities
Underlying
Unexercised
Options/
SARs (#)
Exercisable
Number of
Securities
Underlying
Unexercised
Options/
SARs (#)
Unexercisable
Option/
SAR
Exercise
Price
($)
Option/
SAR
Expiration
Date
Number
of Shares
or Units
of Stock
That
Have Not
Vested
(#)(2)
Market
Value of
Shares or
Units of
Stock That
Have Not
Vested
($)(3)
(a) (b)
(c) (d) (e) (f) (g) (h) (i)
Pant 1/19/2007 49,844 — $29.61 1/19/2017
1/24/2008 133,856 — $37.30 1/24/2018
1/24/2008 53,543 — $37.30 1/24/2018
2/5/2009 135,318 — $29.29 2/5/2019
2/5/2010 114,745 — $32.98 2/5/2020
2/4/2011 101,833 — $49.30 2/4/2021
11/18/2011 — 94,949(vii) $53.84 11/18/2021
2/8/2012 86,892 28,964(i) $64.44 2/8/2022
2/6/2013 45,461 45,462(ii) $62.93 2/6/2023
2/5/2014 21,145 63,438(iii) $70.54 2/5/2024
2/6/2015 — 89,022(iv) $73.93 2/6/2025
— — 19,528 1,426,520
Niccol 5/20/2010 61,232 — $39.64 5/20/2020
2/4/2011 40,734 — $49.30 2/4/2021
2/8/2012 24,826 8,276(i) $64.44 2/8/2022
2/6/2013 18,942 18,943(ii) $62.93 2/6/2023
5/15/2013 — 36,561(viii) $69.92 5/15/2023
2/5/2014 10,315 30,945(iii) $70.54 2/5/2024
2/6/2015 — 62,736(iv) $73.93 2/6/2025
2/6/2015 — 68,475(ix) $73.93 2/6/2025
29,241 2,136,055 6,764 494,110
Su 1/19/2007 132,918 — $29.61 1/19/2017
1/24/2008 107,085 — $37.30 1/24/2018
1/24/2008 267,712 — $37.30 1/24/2018
2/5/2009 202,977 — $29.29 2/5/2019
2/5/2010 172,118 — $32.98 2/5/2020
2/4/2011 142,567 — $49.30 2/4/2021
2/8/2012 124,131 41,378(i) $64.44 2/8/2022
2/6/2013 60,615 60,616(ii) $62.93 2/6/2023
2/5/2014 27,334 82,005(iii) $70.54 2/5/2024
2/6/2015 — 115,057(iv) $73.93 2/6/2025
— — 25,178 1,839,253
(1) The actual vesting dates for unexercisable awards are as follows:
(i) Remainder of unexercisable awards will vest on February 8, 2016.
(ii) One-half of the unexercisable award will vest on each of February 6, 2016 and 2017.
(iii) One-third of the unexercisable award will vest on each of February 5, 2016, 2017, and 2018.
(iv) One-fourth of the unexercisable award will vest on each of February 6, 2016, 2017, 2018, and 2019.
(v) Unexercisable award will vest on February 6, 2018.
(vi) Unexercisable awards will vest on February 5, 2019.
(vii) Unexercisable award will vest on November 18, 2016.
(viii) Unexercisable award will vest on May 15, 2018.
(ix) Unexercisable award will vest on February 6, 2020.
(x) One-fourth of the unexercisable award will vest on February 6, 2016, 2017, 2018, 2019. This award will continue to vest after retirement.
(xi) For Mr. Grismer pursuant to his letter of understanding dated December 7, 2015, we accelerated vesting for all unvested options on February 19, 2016.
(2) For Mr.Niccol, this amount represents deferral of his 2013 and 2014 bonuses into the EID Program’s Matching Stock Fund.
(3) The market value of these awards are calculated by multiplying the number of shares covered by the award by $73.05, the closing price of YUM stock on the NYSE
on December 31, 2015.
(4) The awards reflected in this column are unvested performance-based PSU awards with three-year performance periods that are scheduled to vest on December31,
2016 or December 31, 2017 if the performance targets are met. In accordance with SEC rules, the PSU awards are reported at their maximum payout value.