Yum China insider granted new RSU awards

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.

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

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.

Insider Trade Summary

Grant/Award: 51 shares

Grant/Award 3 txns

Insider Lu Xueling

Role Controller and PAO

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	9	$0.00	$0.00
Grant/Award	Restricted Stock Unit	16	$0.00	$0.00
Grant/Award	Restricted Stock Unit	26	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 7,909 contracts (Direct)

Footnotes (3)

F1. Conversion occurs on a one-for-one basis.
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.
F3. This grant does not have an expiration date.

Key Figures

RSU grant 1: 26 Restricted Stock Units RSU grant 2: 16 Restricted Stock Units RSU grant 3: 9 Restricted Stock Units +3 more

6 metrics

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)

Key Terms

Restricted Stock Unit, dividend equivalency payment, vest 1/3 per year, one-for-one basis, +1 more

5 terms

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.

FAQ

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

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.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

Accepted by SEC EDGAR 06/22/2026 - 07:26 AM EDT

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

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)

SHANGHAI

200030

(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)

	Director	10% Owner
X	Officer (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)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	06/17/2026		A		9		⁽²⁾	⁽³⁾	Common Stock	9	$0	1,460	D
Restricted Stock Unit	⁽¹⁾	06/17/2026		A		16		⁽²⁾	⁽³⁾	Common Stock	16	$0	2,519	D
Restricted Stock Unit	⁽¹⁾	06/17/2026		A		26		⁽²⁾	⁽³⁾	Common Stock	26	$0	3,930	D

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 Attorney	06/22/2026
	** Signature of Reporting Person	Date
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