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Yum China Holdings, Inc. reported that Controller and PAO Lu Xueling received three grants of Restricted Stock Units on June 17, 2026, covering 26, 16, and 9 units. These RSUs are issued as dividend equivalency payments on previously granted RSUs, convert into common stock on a one-for-one basis, and vest on the same schedule as the underlying awards, with one-third vesting each year beginning one year from the original grant date. The grants have no stated expiration date and represent routine equity compensation rather than open-market share purchases or sales.
Yum China Holdings, Inc. reported that Chief Supply Chain Officer Duoduo (Howard) Huang received three compensation-related grants of Restricted Stock Units on 2026-06-17. The awards cover 72, 40, and 21 Restricted Stock Units, each convertible into Common Stock on a one-for-one basis at no exercise price.
These units are issued as dividend equivalency payments tied to previously granted Restricted Stock Units that vest in three equal installments beginning one year from their original grant date. The new units will vest on the same dates and under the same terms as the underlying awards and have no stated expiration date. All holdings are reported as directly owned.
Yum China Holdings Chief Technology Officer Leila Zhang reported compensation-related stock awards rather than market trades. On June 17, 2026, she received three grants of Restricted Stock Units (RSUs) as dividend equivalency payments tied to prior RSU awards, covering 46, 33, and 21 RSUs.
The footnotes state these RSUs convert into common stock on a one-for-one basis and vest on the same schedule as the underlying RSUs, which vest one-third per year beginning one year from the original grant date. The grant has no expiration date. Following these awards, Zhang’s reported RSU holdings for the respective award lines increased to 6,988, 5,040, and 3,152 units.
Yum China Holdings, Inc. reported that Warton Wang, General Manager of KFC, received additional Restricted Stock Units on June 17, 2026. The grants cover 139, 83, and 41 RSUs, all at a stated price of $0.00 per unit as part of his compensation.
The RSUs convert into common stock on a one-for-one basis and have no expiration date. They were issued as dividend equivalency payments linked to previously granted RSUs and will vest on the same schedule and terms as those underlying awards. Following these grants, Wang’s direct RSU holdings in the reported award lines total 20,964 units, 12,603 units, and 6,304 units, respectively.
Yum China Holdings reported that Jeff Kuai, General Manager of Pizza Hut, received three grants of Restricted Stock Units on June 17, 2026 as part of dividend equivalency payments on earlier awards. The grants cover 78, 57, and 31 RSUs, each convertible into common stock on a one-for-one basis at no purchase price.
These dividend-equivalency RSUs will vest on the same schedule and terms as the underlying RSUs, which vest one-third per year beginning one year from the original grant date, and the filing notes that this grant has no expiration date. After these acquisitions, Kuai holds RSU positions of 11,791, 8,642, and 4,728 units in three separate award lines.
Yum China Holdings, Inc. director and Chief Executive Officer Joey Wat reported compensation-related equity activity through three grants of Restricted Stock Units on June 17, 2026. These awards total 581, 479 and 299 RSUs, each granted at $0.00 per unit.
The RSUs are described as dividend equivalency units tied to previously issued RSUs that vest one-third per year beginning one year from the original grant date. The new units will vest on the same dates and under the same terms as the underlying RSU awards, convert into common stock on a one-for-one basis, and have no expiration date.
Following these transactions, the reported RSU balances for the related awards stand at 87,351 units, 72,025 units and 45,055 units, reflecting updated holdings associated with the existing long-term incentive grants.
Yum China Holdings, Inc. reported that Chief Legal Officer Pingping Liu received grants of additional Restricted Stock Units on June 17, 2026. These awards total 79 RSUs issued as dividend equivalency units tied to previously granted RSUs and carry a zero exercise price.
Each unit converts into one share of common stock on a one-for-one basis and will vest on the same schedule as the underlying RSU awards, which generally vest in equal annual installments beginning one year from the original grant dates. Following these grants, Liu’s reported RSU balances for the affected award buckets are 6,988, 3,600, 1,349 and 266 units, respectively.
Yum China Holdings, Inc. reported that Chief Financial Officer Adrian Ding received multiple awards of Restricted Stock Units on June 17, 2026. These grants total several small blocks of RSUs, including 127, 41, 43 and 21 units, all acquired at a price of $0.00 per unit as compensation awards.
The RSUs convert into common stock on a one-for-one basis and were issued as dividend equivalency payments tied to previously granted RSUs. According to the disclosure, these new units vest on the same schedule as the underlying RSUs, which vest one-third per year beginning one year from the original grant date, and the grant has no expiration date.
Yum China Holdings, Inc. reported that Chief People Officer Jerry Ding received several small grants of Restricted Stock Units (RSUs) as compensation on 2026-06-17. These awards total 89 RSUs, issued as dividend equivalency payments tied to previously granted RSUs.
The RSUs convert into common stock on a one-for-one basis and have no expiration date. According to the footnotes, these dividend-equivalent RSUs will vest on the same dates and under the same terms as the underlying RSU awards, which vest in annual installments over multiyear schedules.
Yum China Holdings, Inc. has agreed to acquire all membership interests of Willow Glade Investments, LLC from Yum! Brands for US$1.2 billion in cash. At closing, Willow Glade and its subsidiaries will hold the Pizza Hut intellectual property and related rights in mainland China.
Yum China plans to fund the purchase price through a combination of cash and debt financing. As part of the deal, the parties will enter into related agreements, including an amended and restated master license agreement for the KFC and Taco Bell brands in China.
The transaction is subject to customary closing conditions, including accuracy of representations, covenant compliance and absence of prohibitive laws or orders. The closing cannot occur before August 17, 2026 and is expected in the third quarter of 2026, with an outside termination date of November 16, 2026. The Purchase Agreement allows specific performance but contains no termination fees.