Yum! Brands management check
YUM · Consumer Discretionary · Restaurants · CEO Chris Turner
Filings as of
2 good · 5 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $153, against $154 for the peer group the company picked itself.
- Watch
Does pay follow performance?
Pay only loosely tracked returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.09 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.3% of net income$20.9m of reported pay in fiscal 2025, against $1.6bn of net income.
- Watch
Do they own the stock?
CEO stake ≈ 0.4 years of payThe CEO holds 63,224.66 shares, directly or through trusts (unvested awards not counted): about 0.4 years of pay. Light activity: no buys, $4.9m sold in six months. 24 of 25 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -0.7% a year over the last three fiscal years. Stock-based pay was 0.9% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: David Gibbs, Chris Turner. 13 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Consumer Discretionary.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 49 | 70 | |
| Pay for performance | 55 | 79 | |
| CEO cost | 39 | 44 | |
| Skin in the game | 16 | 36 | |
| Dilution | 59 | 74 | |
| Stable leadership | 20 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Restaurants, by management score. Yum! Brands is 43rd of 47 in its sector.
- 223MCDMcDonald's66
- 303DRIDarden Restaurants61
- 324DPZDomino's60
- 356CMGChipotle Mexican Grill58
- 438YUMYum! Brands48
- 448SBUXStarbucks47
Pay versus performance
From the proxy statement filed April 3, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | David Gibbs, Chris Turner | $20.9m | $24.3m | $8.6m | $153 | $154 | $1.6bn |
| 2024 | — | $24.7m | $10.8m | $5.3m | $133 | $145 | $1.5bn |
| 2023 | — | $21.2m | $19.4m | $5.6m | $127 | $112 | $1.6bn |
| 2022 | — | $16.7m | $16.1m | $5.0m | $122 | $78 | $1.3bn |
| 2021 | — | $27.6m | $45.0m | $8.3m | $130 | $124 | $1.6bn |
The board says pay is tied most to Core Operating Profit. Its other key measures: Core Operating Profit Growth, System Sales Growth, Net New Unit Growth, Same Store Sales Growth, Total Shareholder Return.
Insiders and the CEO's stake
Christopher Lee Turner (Chief Executive Officer) held 63,224.66 shares directly after their latest Form 4 on Oct 7, 2026, roughly $8.9m at that filing's price.
Light activity: no buys, $4.9m sold in six months. 24 of 25 sales ran on pre-arranged 10b5-1 plans.
- SoldAaron PowellCEO - Pizza Hut · 10b5-1 plan$1.9mJul 1, 2026
- SoldDavid Eric RussellSr. Vice President, Controller · 10b5-1 plan$1.2mAug 3, 2026
- SoldTracy L SkeansCOO and CPO · 10b5-1 plan$831kAug 24, 2026
- SoldSean TresvantTaco Bell, CEO, YUM CCO$464kMay 26, 2026
Leadership and governance on file
- Sep 1, 2026Leadership change8-K 5.02
- Aug 28, 2026Leadership change8-K/A 5.02
- Aug 21, 2026Leadership change8-K 5.02
- Aug 7, 2026Leadership change8-K/A 5.02
- Jun 2, 2026Leadership change8-K 5.02
- Apr 1, 2026Leadership change8-K 5.02
- Feb 12, 2026Leadership change8-K 5.02
- Sep 9, 2025Leadership change8-K 5.02
- Aug 28, 2025Leadership change8-K 5.02
- Jun 17, 2025Leadership change8-K 5.02
- May 20, 2025Leadership change8-K 5.02
- Mar 31, 2025Leadership change8-K 5.02
Latest shareholder vote results: May 19, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $7.3bn returned to owners in buybacks and dividends, 97% of net income, and $393.0m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $6.6bn | $6.8bn | $7.1bn | $7.5bn | $8.2bn |
| Net income | $1.6bn | $1.3bn | $1.6bn | $1.5bn | $1.6bn |
| Stock-based pay | $75.0m | $84.0m | $95.0m | $69.0m | $70.0m |
| Buybacks | $1.6bn | $1.2bn | $50.0m | $441.0m | $552.0m |
| Dividends | $592.0m | $649.0m | $678.0m | $752.0m | $789.0m |
| Diluted shares | 302m | 290m | 285m | 285m | 281m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.