Yum China GM Kuai awarded 166 RSU dividend units

Yum China Holdings reported that Jeff Kuai, General Manager of Pizza Hut, received three grants of Restricted Stock Units on June 17, 2026 as part of dividend equivalency payments on earlier awards.

Rhea-AI Filing Summary

Yum China Holdings reported that Jeff Kuai, General Manager of Pizza Hut, received three grants of Restricted Stock Units on June 17, 2026 as part of dividend equivalency payments on earlier awards. The grants cover 78, 57, and 31 RSUs, each convertible into common stock on a one-for-one basis at no purchase price.

These dividend-equivalency RSUs will vest on the same schedule and terms as the underlying RSUs, which vest one-third per year beginning one year from the original grant date, and the filing notes that this grant has no expiration date. After these acquisitions, Kuai holds RSU positions of 11,791, 8,642, and 4,728 units in three separate award lines.

Insider Trade Summary

Grant/Award: 166 shares

Grant/Award 3 txns

Insider Kuai Jeff

Role General Manager, Pizza Hut

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	31	$0.00	$0.00
Grant/Award	Restricted Stock Unit	57	$0.00	$0.00
Grant/Award	Restricted Stock Unit	78	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 25,161 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.

Key Figures

RSUs granted: 78 RSUs RSUs granted: 57 RSUs RSUs granted: 31 RSUs +5 more

8 metrics

RSUs granted 78 RSUs Dividend equivalency grant on June 17, 2026

RSUs granted 57 RSUs Dividend equivalency grant on June 17, 2026

RSUs granted 31 RSUs Dividend equivalency grant on June 17, 2026

Post-grant RSU position 11,791 RSUs RSUs held after one grant line on June 17, 2026

Post-grant RSU position 8,642 RSUs RSUs held after second grant line on June 17, 2026

Post-grant RSU position 4,728 RSUs RSUs held after third grant line on June 17, 2026

Conversion ratio 1 RSU : 1 share RSUs convert into Yum China common stock

RSU grant price $0.00 per unit No purchase price for RSU grants

Key Terms

Restricted Stock Unit, dividend equivalency payment, one-for-one basis, expiration date

4 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

"These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment"

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 did Yum China (YUMC) executive Jeff Kuai report on this Form 4?

Jeff Kuai reported receiving three grants totaling 166 Restricted Stock Units as dividend equivalency payments. These RSUs are tied to prior awards and convert into common stock on a one-for-one basis at no purchase price.

How many RSUs did Jeff Kuai acquire in Yum China (YUMC) on June 17, 2026?

He acquired 166 Restricted Stock Units in total, in blocks of 78, 57, and 31. Each RSU represents the right to receive one share of Yum China common stock when it vests under the award terms.

What is a dividend equivalency payment for Yum China (YUMC) RSUs?

A dividend equivalency payment grants additional RSUs instead of cash dividends on existing RSU awards. For Jeff Kuai, these new units vest on the same dates and under the same terms as the underlying Restricted Stock Units previously granted.

Do the new Yum China (YUMC) RSUs granted to Jeff Kuai have an expiration date?

The filing states that this grant does not have an expiration date. The RSUs are instead governed by their vesting schedules, which follow the terms of the underlying RSU awards to which the dividend equivalency units relate.

How many Yum China (YUMC) RSUs does Jeff Kuai hold after these grants?

After the June 17, 2026 grants, Kuai holds 11,791, 8,642, and 4,728 Restricted Stock Units in three separate award lines. These positions reflect his updated RSU balances following the dividend equivalency grants.

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 Not now

Accepted by SEC EDGAR 06/22/2026 - 07:22 AM Learn about SEC filing dates

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^*

Kuai Jeff

(Last) (First) (Middle)

YUM CHINA BUILDING

20 TIAN YAO QIAO ROAD

(Street)

SHANGHAI F4 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)
	General Manager, Pizza Hut

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	06/17/2026		A		31		(2)	(3)	Common Stock	31	$0	4,728	D
Restricted Stock Unit	(1)	06/17/2026		A		57		(2)	(3)	Common Stock	57	$0	8,642	D
Restricted Stock Unit	(1)	06/17/2026		A		78		(2)	(3)	Common Stock	78	$0	11,791	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)