STOCK TITAN
  1. Home
  2. Sec-filings
  3. YUMC
  4. [Form 4] Yum China Holdings, Inc. Insider Trading Activity

Yum China (YUMC) awards Controller Lu Xueling new dividend-linked RSUs

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

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.

Positive

  • None.

Negative

  • None.
Insider Lu Xueling
Role Controller and PAO
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 9 $0.00 --
Grant/Award Restricted Stock Unit 16 $0.00 --
Grant/Award Restricted Stock Unit 26 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 1,460 shares (Direct, null)
Footnotes (1)
  1. Conversion occurs on a one-for-one basis. 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. This grant does not have an expiration date.
RSU grant 1 26 Restricted Stock Units Dividend equivalency units granted on June 17, 2026
RSU grant 2 16 Restricted Stock Units Dividend equivalency units granted on June 17, 2026
RSU grant 3 9 Restricted Stock Units Dividend equivalency units granted on June 17, 2026
Conversion ratio 1 RSU : 1 share Each RSU converts into one share of common stock
Vesting pattern 1/3 per year Underlying RSUs vest one-third per year starting one year from grant
Transaction count 3 derivative transactions All coded as grant, award, or other acquisition (A)
Restricted Stock Unit financial
"These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment"
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
"Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued"
vest 1/3 per year financial
"which vest 1/3 per year beginning one year from the grant date"
one-for-one basis financial
"Conversion occurs on a one-for-one basis."
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.
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
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*
Lu Xueling
(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)
Controller and PAO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026		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)06/17/2026A9 (2) (3)Common Stock9$01,460D
Restricted Stock Unit(1)06/17/2026A16 (2) (3)Common Stock16$02,519D
Restricted Stock Unit(1)06/17/2026A26 (2) (3)Common Stock26$03,930D
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 Attorney06/22/2026
** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Yum China (YUMC) report for Lu Xueling?

Yum China reported that Controller and PAO Lu Xueling received three grants of Restricted Stock Units as dividend equivalency payments, totaling 26, 16, and 9 units. These are compensation-related awards, not open-market share purchases or sales.

Are Lu Xueling’s Yum China (YUMC) RSU transactions open-market trades?

No, Lu Xueling’s RSU transactions are not open-market trades. They are compensation-related awards granted at zero price as dividend equivalency units tied to previously issued RSUs and follow the same multi-year vesting schedule.

How many Restricted Stock Units did Lu Xueling receive from Yum China (YUMC)?

Lu Xueling received three separate grants of Restricted Stock Units covering 26, 16, and 9 units. Each RSU converts into one share of Yum China common stock and vests alongside the related underlying RSU awards over the established schedule.

How do the new RSUs for Lu Xueling at Yum China (YUMC) vest?

The new RSUs vest on the same terms as the underlying RSUs they relate to. Those underlying awards vest one-third per year, beginning one year from their original grant date, so these dividend equivalency units follow that same multi-year vesting pattern.

What does one-for-one conversion mean for Yum China (YUMC) RSUs?

One-for-one conversion means each Restricted Stock Unit will convert into one share of Yum China common stock upon settlement. For Lu Xueling’s awards, this ensures a direct link between the number of RSUs granted and the number of shares ultimately delivered.

Do Lu Xueling’s new Yum China (YUMC) RSUs have an expiration date?

The filing states that this grant does not have an expiration date. Instead, the key condition is vesting: the RSUs follow the same one-third-per-year vesting schedule as the related underlying RSUs previously granted to Lu Xueling.