Yum China SEC Filings

Yum China reported continued growth in the second quarter of 2025, with consolidated revenues of $2,787 million, up from $2,679 million a year earlier, driven by higher Company sales of $2,613 million. Operating profit rose to $304 million from $266 million, and net income attributable to Yum China was $215 million for the quarter (diluted EPS $0.58), compared with $212 million a year ago. Year-to-date results show revenues of $5,768 million and net income of $507 million.

The company generated strong operating cash flow of $864 million year to date, ended the period with $592 million of cash and $1,563 million of short-term investments, and repurchased 7.7 million shares for $356 million year to date under a $4.4 billion authorization with ~$936 million remaining. Scale remains large: 12,238 KFC and 3,864 Pizza Hut restaurants in China, totaling 16,978 restaurants. Key risks disclosed include an ongoing Chinese transfer pricing audit that could be material, and an unrealized investment loss on Meituan impacted results.

Yum China (NYSE:YUMC) filed a Form 4 disclosing that its Chief Legal Officer, Pingping Liu, acquired additional company equity on 18 June 2025.

The filing shows four separate acquisitions of restricted stock units (RSUs) issued as dividend-equivalency payments linked to previously granted RSUs. The transactions added 46 RSUs in total (1, 2, 14 and 29 units respectively) at an exercise price of $0, all reported under transaction code “A” (acquisition).

Each RSU converts one-for-one into common stock and carries no expiration date. The new RSUs will vest on the same timetable as the underlying awards—either ¼ or ⅓ per year, beginning one year from their original grant dates. Following the latest entries, Liu’s beneficial ownership within the respective award tranches increased to 265, 527, 2,603 and 5,253 RSUs as shown in the filing.

No shares were sold, and the filing does not reference any 10b5-1 trading plan. The disclosure is routine and does not indicate any material change in Yum China’s operations or financial outlook.

Yum China (NYSE:YUMC) filed a routine Form 4 disclosing that Chief People Officer Jerry Ding acquired a total of 64 restricted stock units (RSUs) on 18 Jun 2025 through dividend-equivalency adjustments tied to prior equity awards. The transactions were reported as acquisitions (Code “A”) at a zero-dollar exercise price and do not involve any open-market purchases or sales.

Following the reported grants, the filing shows Mr. Ding’s holdings in the respective RSU award buckets at 353, 791, 2,538, 3,036 and 5,253 derivative units. All RSUs convert to common stock on a one-for-one basis and vest on the same schedule as the underlying awards—either in one-third or one-quarter annual installments beginning one year after each original grant date. No expiration dates are applicable.

The filing contains no sales, cash compensation, or material changes to ownership structure; therefore, it represents a standard administrative update rather than a market-moving event.

Yum China (NYSE:YUMC) filed a routine Form 4 disclosing that Chief Financial Officer Adrian Ding received an aggregate 167 restricted stock units (RSUs) on 18 June 2025. The RSUs are dividend-equivalent adjustments to earlier equity awards and therefore carry an acquisition price of $0. No common shares were sold and no open-market purchases were reported.

Following the grant, Ding’s beneficial ownership under the various award buckets increased to between 574 and 9,456 RSUs, all subject to their original vesting schedules. The filing contains no new financial data, operational changes, or other material events and is considered administrative in nature.

Yum China (NYSE:YUMC) filed a Form 4 reporting a routine dividend-equivalency grant to Chief Executive Officer and Director Joey Wat on 18 June 2025. The filing shows four separate Restricted Stock Unit (RSU) awards totaling 1,265 derivative shares (37 + 158 + 484 + 586 units) issued at $0 cost. No common-stock disposals or cash transactions were disclosed. Following the grants, Wat’s beneficial ownership under the respective RSU programs increased to 6,785; 28,373; 86,783; and 105,070 units. The RSUs vest in line with the original awards (one-for-one conversion to common stock and no stated expiration date). The transaction was filed by a single reporting person and appears to fall under normal executive compensation practices.