Yum China (YUMC) executive granted 166 RSU dividend-equivalent units
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kuai Jeff
Role
General Manager, Pizza Hut
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 31 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 57 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 78 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 4,728 shares (Direct)
Footnotes (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.
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
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.