DEFA14A 1 yum_na_2026.htm DEFA14A DEFA14A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of

the Securities Exchange Act of 1934 (Amendment No.)

      Filed by the Registrant

 Filed by a Party other than the Registrant


Check the appropriate box:

		Preliminary Proxy Statement

		CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2))

		Definitive Proxy Statement

		Definitive Additional Materials

		Soliciting Material under §240.14a-12

YUM! BRANDS, INC.

(Name of Registrant as Specified In Its Charter)

(Name of Person(s) Filing Proxy Statement, if other than the Registrant)


Payment of Filing Fee (Check all boxes that apply):

		No fee required.

		Fee paid previously with preliminary materials.

		Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.

Your Vote Counts! YUM! BRANDS, INC. 2026 Annual Meeting Vote by May 13, 2026 11:59 PM ET A red and white logo for a food business. AI generated content YUM! BRANDS, INC. 1441 GARDINER LANE LOUISVILLE, KY 40213 V87743-P44607 You invested in YUM! BRANDS, INC. and it’s time to vote! You have the right to vote on proposals being presented at the Annual Meeting. This is an important notice regarding the availability of proxy materials for the shareholder meeting to be held on May 14, 2026. Get informed before you vote View the Notice, Proxy Statement and Annual Report online OR you can receive a free paper or email copy of the material(s) by requesting prior to April 30, 2026. If you would like to request a copy of the material(s) for this and/or future shareholder meetings, you may (1) visit www.ProxyVote.com, (2) call 1-800-579-1639 or (3) send an email to sendmaterial@proxyvote.com. If sending an email, please include your control number (indicated below) in the subject line. Unless requested, you will not otherwise receive a paper or email copy. For complete information and to vote, visit www.ProxyVote.com Control # Smartphone users Point your camera here and vote without entering a

control number Vote Virtually at the Meeting* May 14, 2026 9:00 A.M., CDT Virtually at: www.virtualshareholdermeeting.com/YUM2026 *Please check the meeting materials for any special requirements for meeting attendance.

Vote at www.ProxyVote.com THIS IS NOT A VOTABLE BALLOT This is an overview of the proposals being presented at the upcoming shareholder meeting. Please follow the instructions on the reverse side to vote these important matters. Board Recommends Voting Items 1. Election of Directors. Nominees: 1a. Paget L. Alves For 1b. M. Brett Biggs For 1c. Brian C. Cornell For 1d. Tanya L. Domier For 1e. Susan Doniz For 1f. Mirian M. Graddick-Weir For 1g. Thomas C. Nelson For 1h. Kathleen K. Oberg For 1i. P. Justin Skala For 1j. Chris Turner For 1k. Annie Young-Scrivner For 2. Ratification of Independent Auditors. For 3. Advisory Vote on Executive Compensation. For 4. Shareholder Proposal to Reduce the Percentage of Shares Required to Call a Special Meeting. Against Prefer to receive an email instead? While voting on www.ProxyVote.com, be sure to click “Delivery Settings”. V87744-P44607

SEC Form DEFA14A filed by Yum! Brands Inc.