STOCK TITAN

Yum China CTO granted 106 dividend RSUs

YUMC’s Chief Technology Officer received small dividend-equivalent RSU awards tied to existing grants, vesting on the same schedule and converting one-for-one into common shares.

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Yum China Holdings, Inc. (YUMC) reported that Chief Technology Officer Leila Zhang received three grants of dividend-equivalent Restricted Stock Units on September 17, 2026, covering 22, 35, and 49 units (106 units total). Each RSU converts into one share of common stock, has no expiration date, and will vest on the same schedule and terms as the underlying previously granted RSUs, which vest one-third per year beginning one year from their grant date. No Rule 10b5-1 trading plan is reported.

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Insider Zhang Leila
Role Chief Technology Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Unit F1, F2, F3 22 $0.00 $0.00
Grant/Award Restricted Stock Unit F1, F2, F3 35 $0.00 $0.00
Grant/Award Restricted Stock Unit F1, F2, F3 49 $0.00 $0.00
Holdings After Transaction: Restricted Stock Unit — 15,286 contracts (Direct)
Footnotes (3)
  1. F1. Conversion occurs on a one-for-one basis.
  2. F2. These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 1/3 per year beginning one year from the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
  3. F3. This grant does not have an expiration date.
RSU grant 1 22 Restricted Stock Units Dividend-equivalent RSUs granted to CTO on September 17, 2026
RSU grant 2 35 Restricted Stock Units Dividend-equivalent RSUs granted to CTO on September 17, 2026
RSU grant 3 49 Restricted Stock Units Dividend-equivalent RSUs granted to CTO on September 17, 2026
Total RSUs granted 106 Restricted Stock Units Sum of three dividend-equivalent RSU grants to CTO
Grant price per RSU $0.00 per unit Reported transaction price for each RSU grant
Restricted Stock Unit financial
"These units represent Restricted Stock Units issuable to the Reporting Person"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
dividend equivalency payment financial
"issuable to the Reporting Person as a dividend equivalency payment"
vest financial
"which vest 1/3 per year beginning one year from the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"This grant does not have an expiration date."
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did YUMC’s Chief Technology Officer report on this Form 4?

The filing reports that Leila Zhang, Chief Technology Officer of Yum China Holdings, Inc. (YUMC), received three grants of dividend-equivalent Restricted Stock Units totaling 106 units on September 17, 2026, all tied to previously granted RSUs.

How many Restricted Stock Units did the YUMC CTO receive in total?

Leila Zhang received 106 Restricted Stock Units in total, in three grants of 22, 35, and 49 RSUs. Each unit represents the right to receive one share of YUMC common stock, subject to the applicable vesting conditions.

What is the vesting schedule of the RSUs reported for YUMC’s CTO?

The reported RSUs are dividend-equivalent units that will vest on the same dates and under the same terms as the underlying previously issued RSUs, which vest one-third per year beginning one year from their original grant date.

Do the reported RSUs for YUMC’s CTO have an expiration date?

No. A footnote states that this grant does not have an expiration date. The RSUs remain outstanding subject to their vesting terms and convert into common stock on a one-for-one basis when they vest.

At what price were the YUMC RSUs granted to the CTO?

The RSUs were granted at a reported price of $0.00 per unit. They are compensation awards, each representing the right to receive one share of Yum China common stock upon vesting, rather than purchases in the open market.

Were the YUMC CTO’s RSU grants made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is not marked as affirming a plan, and there is no footnote indicating that these RSU grants were made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Zhang Leila

(Last)(First)(Middle)
YUM CHINA BUILDING
20 TIAN YAO QIAO ROAD

(Street)
SHANGHAIF4200030

(City)(State)(Zip)

CHINA

(Country)
2. Issuer Name and Ticker or Trading Symbol
Yum China Holdings, Inc. [ YUMC ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Technology Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/17/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Unit(1)09/17/2026A22 (2) (3)Common Stock22$03,174D
Restricted Stock Unit(1)09/17/2026A35 (2) (3)Common Stock35$05,075D
Restricted Stock Unit(1)09/17/2026A49 (2) (3)Common Stock49$07,037D
Explanation of Responses:
1. Conversion occurs on a one-for-one basis.
2. These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 1/3 per year beginning one year from the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
3. This grant does not have an expiration date.
/s/ Pingping Liu, Power of Attorney09/21/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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