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Yum China (NYSE: YUMC) officer details RSU grant and stock transactions

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

Rhea-AI Filing Summary

Yum China Holdings, Inc. officer Lu Xueling, Controller and PAO, reported equity transactions involving company stock and restricted stock units. On 02/06/2026, Lu received 3,883 restricted stock units at a conversion price of $0, which convert into common stock on a one-for-one basis and vest in three equal annual installments beginning one year from that date.

On 02/08/2026, 1,404 restricted stock units were converted into 1,404 shares of common stock at $0. On the same date, 560 shares of common stock were disposed of at $57.95 per share. After these transactions, Lu directly owned 28,534 shares of common stock and 1,443 restricted stock units.

Positive

  • None.

Negative

  • None.
Insider Lu Xueling
Role Controller and PAO
Type Security Shares Price Value
Exercise Restricted Stock Unit 1,404 $0.00 --
Exercise Common Stock 1,404 $0.00 --
Tax Withholding Common Stock 560 $57.95 $32K
Grant/Award Restricted Stock Unit 3,883 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 1,443 shares (Direct); Common Stock — 29,094 shares (Direct)
Footnotes (1)
  1. Conversion occurs on a one-for-one basis. Vesting occurs 1/3 per year beginning one year from 2/6/2026. This grant does not have an expiration date. Vesting occurs 1/3 per year beginning one year from 2/8/2024.
Form 4 Insider Transactions: What Each Field Means →
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 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)
Controller and PAO
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 1,404 A $0(1) 29,094 D
Common Stock 02/08/2026 F 560 D $57.95 28,534 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 3,883 (2) (3) Common Stock 3,883 $0 3,883 D
Restricted Stock Unit (1) 02/08/2026 M 1,404 (4) (3) Common Stock 1,404 $0 1,443 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.
* 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.

Source: View Original Filing on SEC EDGAR

FAQ

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

Yum China reported that officer Lu Xueling received 3,883 restricted stock units on 02/06/2026 and, on 02/08/2026, converted 1,404 units into common stock and disposed of 560 common shares at $57.95 per share.

How many Yum China (YUMC) shares does Lu Xueling own after the Form 4?

After the reported transactions, Lu Xueling directly owned 28,534 shares of common stock in Yum China and held 1,443 restricted stock units, according to the beneficial ownership figures disclosed in the filing.

What restricted stock unit grant did Yum China (YUMC) make to Lu Xueling?

On 02/06/2026, Yum China granted 3,883 restricted stock units to officer Lu Xueling. The units convert into common stock on a one-for-one basis and vest one-third per year, starting one year from 02/06/2026, with no expiration date.

What transactions occurred on 02/08/2026 in Yum China (YUMC) stock?

On 02/08/2026, 1,404 restricted stock units held by Lu Xueling were converted into 1,404 common shares at $0, and 560 common shares were disposed of at a price of $57.95 per share.

How do Lu Xueling’s Yum China (YUMC) restricted stock units vest?

The filing states that restricted stock units granted to Lu Xueling on 02/06/2026 and 02/08/2024 each vest one-third per year, beginning one year from their respective grant dates, and the new 2026 grant has no expiration date.

What is the conversion rate of Lu Xueling’s Yum China (YUMC) restricted stock units?

According to the footnotes, each restricted stock unit held by Lu Xueling converts into one share of Yum China common stock, reflecting a one-for-one conversion rate with a stated price of $0 per unit.