Yum China (YUMC) KFC GM granted 20,708 RSUs and withholds 2,722 shares for taxes

Rhea-AI Filing Summary

Yum China Holdings executive Wang Warton, General Manager of KFC, reported equity compensation and related share activity. On February 6, 2026, he received 20,708 restricted stock units (RSUs), which vest in thirds each year starting one year from that date and have no expiration. On February 8, 2026, 6,047 RSUs were converted on a one-for-one basis into common stock, increasing his directly held common shares. That same day, 2,722 common shares were withheld at $57.95 per share, typically for taxes, leaving him with 48,841 shares of common stock held directly. Additional RSUs remain outstanding after these transactions.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wang Warton

(Last) (First) (Middle)

YUM CHINA BUILDING

20 TIAN YAO QIAO ROAD

(Street)

SHANGHAI F4 200030

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Yum China Holdings, Inc. [ YUMC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	General Manager, KFC

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/08/2026		M		6,047	A	$0(1)	51,563	D
Common Stock	02/08/2026		F		2,722	D	$57.95	48,841	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/06/2026		A		20,708		(2)	(3)	Common Stock	20,708	$0	20,708	D
Restricted Stock Unit	(1)	02/08/2026		M			6,047	(4)	(3)	Common Stock	6,047	$0	6,228	D

Explanation of Responses:

1. Conversion occurs on a one-for-one basis.

2. Vesting occurs 1/3 per year beginning one year from 2/6/2026.

3. This grant does not have an expiration date.

4. Vesting occurs 1/3 per year beginning one year from 2/8/2024.

	/s/ Pingping Liu, Power of Attorney	02/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Yum China (YUMC) executive Wang Warton report in this Form 4?

He reported equity compensation activity, including a grant of 20,708 RSUs, the conversion of 6,047 RSUs into common stock, and tax-related share withholding, updating his direct ownership position in Yum China common shares.

How many Yum China (YUMC) restricted stock units were granted to Wang Warton?

He was granted 20,708 restricted stock units on February 6, 2026. These RSUs represent the right to receive equivalent shares of Yum China common stock in the future, subject to the disclosed vesting schedule and continued service conditions.

What is the vesting schedule for Wang Warton’s new RSUs at Yum China (YUMC)?

The 20,708 RSUs vest one-third per year, beginning one year from February 6, 2026. This spreads the award’s delivery over three years, aligning the executive’s compensation with ongoing performance and retention at Yum China.

How many Yum China (YUMC) shares were acquired from RSU conversion by Wang Warton?

On February 8, 2026, 6,047 RSUs were converted into an equal number of Yum China common shares at a stated price of $0 per share, reflecting a compensation-related conversion rather than an open-market purchase.

Why were 2,722 Yum China (YUMC) shares disposed of at $57.95 by Wang Warton?

On February 8, 2026, 2,722 common shares were disposed of at $57.95 per share in a transaction coded “F,” which typically indicates shares withheld by the company to satisfy tax obligations upon RSU vesting or exercise.

What is Wang Warton’s direct Yum China (YUMC) share ownership after these transactions?

Following the reported transactions, Wang Warton directly owns 48,841 shares of Yum China common stock. This figure reflects RSU conversion into shares and the tax-related share withholding completed on February 8, 2026.