Yum China SEC Filings

Joey Wat, Chief Executive Officer and Director of Yum China Holdings, Inc. (YUMC) received restricted stock units (RSUs) as dividend-equivalency payments on 09/23/2025. The filing reports four RSU issuances totaling 1,279 units (38, 160, 489 and 592 units). Conversion is on a one-for-one basis into common stock and the reported price per share is $0. Each grant is tied to the vesting schedule of the underlying RSUs (one grant vests 1/4 per year; others vest 1/3 per year) and the grants have no expiration date. The form was signed by power of attorney on 09/25/2025.

Yum China Holdings insider filing: Chief Supply Chain Officer Duoduo (Howard) Huang acquired dividend-equivalent Restricted Stock Units on 09/23/2025 as reported on Form 4. The filing lists five separate credit events for Restricted Stock Units totaling 1, 14, 9, 34 and 50 units respectively; each converts one-for-one into common stock when vested. The filing shows the beneficiary share tallies following each grant as 310, 2,513, 1,709, 6,107 and 8,980 shares respectively. The units are dividend-equivalency payments tied to previously issued RSUs and vest on the same schedules as their underlying grants, with various vesting schedules described and no expiration date for the grants.

Lu Xueling, identified as an officer and Controller and PAO of Yum China Holdings (YUMC), received multiple dividend-equivalent Restricted Stock Units (RSUs) on 09/23/2025. The grant comprises increments of 1, 7, 5, 15, and 20 RSUs that convert one-for-one into common stock and have no expiration. The units are dividend equivalents tied to previously issued RSUs and vest according to the schedules of those underlying awards: some vest 1/4 per year beginning one year from grant, others vest 1/3 per year or 50%/50% on the second and third anniversaries. The Form 4 reports the number of shares beneficially owned after each issuance, showing holdings of 308; 1,253; 925; 2,833; and 3,697 shares respectively for each reported line.

Leila Zhang, Chief Technology Officer of Yum China Holdings (YUMC), acquired multiple restricted stock units (RSUs) on 09/23/2025 as reported on Form 4. The filing shows five RSU awards acquired as dividend-equivalency payments with conversion on a one-for-one basis into common stock. Quantities reported for the acquisitions are 3, 9, 11, 34, and 41 RSUs, each converting to common stock units at no cash price. The filing reports the beneficial ownership totals following the transactions as 683, 1,675, 1,993, 6,107, and 7,396 shares respectively. The RSUs have no expiration date and vest according to the terms of the underlying awards as described in the footnotes. The Form 4 was signed by Power of Attorney Pingping Liu on 09/25/2025.

Pingping Liu, Chief Legal Officer and Director of Yum China Holdings, Inc. (YUMC), reported issuance of Restricted Stock Units (RSUs) as dividend-equivalency payments. The Form 4 discloses RSU transactions dated 09/23/2025 that were reported on the Form filed by one reporting person and signed on 09/25/2025.

The filing lists four RSU grants recorded as acquisitions at $0: 1 unit (resulting in 266 shares beneficially owned), 2 units (529 shares), 14 units (2,617 shares) and 29 units (5,282 shares). The RSUs convert one-for-one to common stock, have no expiration date, and vest on the same schedule as the underlying awards—some vesting 1/4 per year and others 1/3 per year beginning one year from the grant date.

Yum China Holdings insider grant: Jeff Kuai, General Manager of Pizza Hut and an officer of Yum China Holdings (YUMC), received dividend-equivalent Restricted Stock Units (RSUs) reported on 09/23/2025. The filing lists five RSU issuances of 4, 4, 16, 51, and 71 units, each converting one-for-one to common stock with a $0 price. After these grants, the amounts of common stock beneficially owned following the transactions are reported as 784, 834, 2,851, 9,162, and 12,679 shares respectively. The RSUs follow the vesting schedules of the underlying grants (various 1/4 per year, 1/3 per year, or 50%/50% arrangements). The form is signed by a power of attorney on 09/25/2025.

Wang Warton, General Manager, KFC at Yum China Holdings (YUMC), reported acquisitions of restricted stock units on 09/23/2025. The filing shows dividend-equivalency Restricted Stock Units (RSUs) awarded that convert one-for-one into common stock and carry a $0 price. Reported RSU amounts: 2, 20, 68, and 103 units, corresponding to post-transaction beneficial ownership figures of 467, 3,706, 12,215, and 18,490 shares respectively. Two groups of units vest on the same schedule as the underlying RSUs: some vest 1/4 per year beginning one year from the grant date; others vest 1/3 per year beginning one year from the grant date. The granted units have no expiration date. The Form 4 was signed by Power of Attorney Pingping Liu on 09/25/2025.

Yum China insider award details and resulting holdings. The company's Chief People Officer received multiple dividend-equivalent Restricted Stock Units (RSUs) that convert one-for-one into common shares. The reported transactions on 09/23/2025 show grants of 2, 4, 7, 17 and 29 RSUs (totaling 59 RSUs) that convert into the same number of common shares at $0 price. After these awards the reporting person beneficially owns reported increments of 355, 795, 1,295, 3,053 and 5,282 shares tied to the respective underlying RSU grants. The dividend-equivalent RSUs vest on the same schedule as the underlying RSUs (either 1/4 per year or 1/3 per year depending on the grant) and have no expiration date.