STOCK TITAN

[Form 4] Yum China Holdings, Inc. Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Yum China (NYSE:YUMC) filed a Form 4 disclosing that its Chief Legal Officer, Pingping Liu, acquired additional company equity on 18 June 2025.

The filing shows four separate acquisitions of restricted stock units (RSUs) issued as dividend-equivalency payments linked to previously granted RSUs. The transactions added 46 RSUs in total (1, 2, 14 and 29 units respectively) at an exercise price of $0, all reported under transaction code “A” (acquisition).

Each RSU converts one-for-one into common stock and carries no expiration date. The new RSUs will vest on the same timetable as the underlying awards—either ¼ or ⅓ per year, beginning one year from their original grant dates. Following the latest entries, Liu’s beneficial ownership within the respective award tranches increased to 265, 527, 2,603 and 5,253 RSUs as shown in the filing.

No shares were sold, and the filing does not reference any 10b5-1 trading plan. The disclosure is routine and does not indicate any material change in Yum China’s operations or financial outlook.

Yum China (NYSE:YUMC) ha presentato un Modulo 4 che rivela che il suo Chief Legal Officer, Pingping Liu, ha acquisito ulteriori azioni della società il 18 giugno 2025.

Il documento mostra quattro acquisizioni separate di unità azionarie vincolate (RSU) emesse come pagamenti equivalenti a dividendi collegati a RSU precedentemente assegnate. Le transazioni hanno aggiunto un totale di 46 RSU (1, 2, 14 e 29 unità rispettivamente) a un prezzo di esercizio di $0, tutte riportate con il codice transazione “A” (acquisizione).

Ogni RSU si converte uno a uno in azioni ordinarie e non ha data di scadenza. Le nuove RSU matureranno secondo lo stesso calendario delle assegnazioni sottostanti—ovvero ¼ o ⅓ all’anno, a partire da un anno dopo la data di assegnazione originaria. Dopo le ultime operazioni, la proprietà beneficiaria di Liu nelle rispettive tranche di premi è aumentata a 265, 527, 2.603 e 5.253 RSU come indicato nel documento.

Non sono state vendute azioni e il documento non fa riferimento a nessun piano di trading 10b5-1. La comunicazione è di routine e non indica alcun cambiamento significativo nelle operazioni o nelle prospettive finanziarie di Yum China.

Yum China (NYSE:YUMC) presentó un Formulario 4 revelando que su Chief Legal Officer, Pingping Liu, adquirió acciones adicionales de la empresa el 18 de junio de 2025.

El formulario muestra cuatro adquisiciones separadas de unidades restringidas de acciones (RSUs) emitidas como pagos equivalentes a dividendos vinculados a RSUs otorgadas previamente. Las transacciones sumaron un total de 46 RSUs (1, 2, 14 y 29 unidades respectivamente) a un precio de ejercicio de $0, todas reportadas bajo el código de transacción “A” (adquisición).

Cada RSU se convierte uno a uno en acciones comunes y no tiene fecha de vencimiento. Las nuevas RSUs se consolidarán según el mismo calendario que las adjudicaciones subyacentes—ya sea ¼ o ⅓ por año, comenzando un año después de sus fechas originales de otorgamiento. Tras las últimas entradas, la propiedad beneficiaria de Liu en las respectivas series de premios aumentó a 265, 527, 2,603 y 5,253 RSUs según se muestra en el formulario.

No se vendieron acciones y el formulario no menciona ningún plan de negociación 10b5-1. La divulgación es rutinaria y no indica ningún cambio material en las operaciones o perspectivas financieras de Yum China.

Yum China (NYSE:YUMC)는 최고 법률 책임자 Pingping Liu2025년 6월 18일에 회사 주식을 추가로 취득했다고 Form 4를 제출했습니다.

제출 서류에는 이전에 부여된 RSU에 연동된 배당금 상당 지급으로 발행된 제한 주식 단위(RSU) 네 건의 별도 취득이 나타나 있습니다. 거래는 총 46 RSU(각각 1, 2, 14, 29 단위)를 행사 가격 $0에 추가했으며, 모두 거래 코드 “A”(취득)로 보고되었습니다.

각 RSU는 1대1 비율로 보통주로 전환되며 만료일이 없습니다. 신규 RSU는 원래 부여일로부터 1년 후부터 시작하여 기초 보상과 동일한 일정에 따라 연간 ¼ 또는 ⅓씩 베스팅됩니다. 최근 기록 이후 Liu의 해당 보상 구간 내 실질 소유권은 265, 527, 2,603, 5,253 RSU로 증가했습니다.

주식 매도는 없었으며, 10b5-1 거래 계획에 관한 언급도 없습니다. 이번 공시는 일상적인 것으로 Yum China의 운영이나 재무 전망에 중대한 변화가 있음을 나타내지 않습니다.

Yum China (NYSE:YUMC) a déposé un formulaire 4 révélant que son directeur juridique, Pingping Liu, a acquis des actions supplémentaires de la société le 18 juin 2025.

Le dépôt montre quatre acquisitions distinctes d’unités d’actions restreintes (RSU) émises en tant que paiements équivalents aux dividendes liés à des RSU précédemment attribuées. Les transactions ont ajouté un total de 46 RSU (1, 2, 14 et 29 unités respectivement) à un prix d’exercice de 0 $, toutes rapportées sous le code de transaction « A » (acquisition).

Chaque RSU se convertit un pour un en actions ordinaires et n’a pas de date d’expiration. Les nouvelles RSU seront acquises selon le même calendrier que les attributions sous-jacentes — soit ¼ ou ⅓ par an, à partir d’un an après leurs dates d’attribution initiales. Après ces dernières entrées, la propriété bénéficiaire de Liu au sein des tranches de récompenses respectives est passée à 265, 527, 2 603 et 5 253 RSU comme indiqué dans le dépôt.

Aucune action n’a été vendue, et le dépôt ne fait pas référence à un plan de négociation 10b5-1. Cette divulgation est de routine et n’indique aucun changement important dans les opérations ou les perspectives financières de Yum China.

Yum China (NYSE:YUMC) reichte ein Formular 4 ein, das offenlegt, dass sein Chief Legal Officer, Pingping Liu, am 18. Juni 2025 zusätzliche Unternehmensanteile erworben hat.

Die Einreichung zeigt vier separate Erwerbe von Restricted Stock Units (RSUs), die als Dividendenäquivalenzzahlungen im Zusammenhang mit zuvor gewährten RSUs ausgegeben wurden. Die Transaktionen fügten insgesamt 46 RSUs hinzu (jeweils 1, 2, 14 und 29 Einheiten) zu einem Ausübungspreis von 0 $, alle gemeldet unter dem Transaktionscode „A“ (Erwerb).

Jede RSU wandelt sich eins zu eins in Stammaktien um und hat kein Verfallsdatum. Die neuen RSUs werden nach dem gleichen Zeitplan wie die zugrunde liegenden Zuteilungen freigegeben — entweder ¼ oder ⅓ pro Jahr, beginnend ein Jahr nach ihrem ursprünglichen Gewährungsdatum. Nach den neuesten Einträgen erhöhte sich Liu’s wirtschaftliches Eigentum an den jeweiligen Zuteilungstranchen auf 265, 527, 2.603 und 5.253 RSUs, wie in der Einreichung angegeben.

Es wurden keine Aktien verkauft, und die Einreichung verweist nicht auf einen 10b5-1-Handelsplan. Die Offenlegung ist routinemäßig und deutet nicht auf wesentliche Änderungen in den Geschäftstätigkeiten oder der finanziellen Perspektive von Yum China hin.

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Yum China (NYSE:YUMC) ha presentato un Modulo 4 che rivela che il suo Chief Legal Officer, Pingping Liu, ha acquisito ulteriori azioni della società il 18 giugno 2025.

Il documento mostra quattro acquisizioni separate di unità azionarie vincolate (RSU) emesse come pagamenti equivalenti a dividendi collegati a RSU precedentemente assegnate. Le transazioni hanno aggiunto un totale di 46 RSU (1, 2, 14 e 29 unità rispettivamente) a un prezzo di esercizio di $0, tutte riportate con il codice transazione “A” (acquisizione).

Ogni RSU si converte uno a uno in azioni ordinarie e non ha data di scadenza. Le nuove RSU matureranno secondo lo stesso calendario delle assegnazioni sottostanti—ovvero ¼ o ⅓ all’anno, a partire da un anno dopo la data di assegnazione originaria. Dopo le ultime operazioni, la proprietà beneficiaria di Liu nelle rispettive tranche di premi è aumentata a 265, 527, 2.603 e 5.253 RSU come indicato nel documento.

Non sono state vendute azioni e il documento non fa riferimento a nessun piano di trading 10b5-1. La comunicazione è di routine e non indica alcun cambiamento significativo nelle operazioni o nelle prospettive finanziarie di Yum China.

Yum China (NYSE:YUMC) presentó un Formulario 4 revelando que su Chief Legal Officer, Pingping Liu, adquirió acciones adicionales de la empresa el 18 de junio de 2025.

El formulario muestra cuatro adquisiciones separadas de unidades restringidas de acciones (RSUs) emitidas como pagos equivalentes a dividendos vinculados a RSUs otorgadas previamente. Las transacciones sumaron un total de 46 RSUs (1, 2, 14 y 29 unidades respectivamente) a un precio de ejercicio de $0, todas reportadas bajo el código de transacción “A” (adquisición).

Cada RSU se convierte uno a uno en acciones comunes y no tiene fecha de vencimiento. Las nuevas RSUs se consolidarán según el mismo calendario que las adjudicaciones subyacentes—ya sea ¼ o ⅓ por año, comenzando un año después de sus fechas originales de otorgamiento. Tras las últimas entradas, la propiedad beneficiaria de Liu en las respectivas series de premios aumentó a 265, 527, 2,603 y 5,253 RSUs según se muestra en el formulario.

No se vendieron acciones y el formulario no menciona ningún plan de negociación 10b5-1. La divulgación es rutinaria y no indica ningún cambio material en las operaciones o perspectivas financieras de Yum China.

Yum China (NYSE:YUMC)는 최고 법률 책임자 Pingping Liu2025년 6월 18일에 회사 주식을 추가로 취득했다고 Form 4를 제출했습니다.

제출 서류에는 이전에 부여된 RSU에 연동된 배당금 상당 지급으로 발행된 제한 주식 단위(RSU) 네 건의 별도 취득이 나타나 있습니다. 거래는 총 46 RSU(각각 1, 2, 14, 29 단위)를 행사 가격 $0에 추가했으며, 모두 거래 코드 “A”(취득)로 보고되었습니다.

각 RSU는 1대1 비율로 보통주로 전환되며 만료일이 없습니다. 신규 RSU는 원래 부여일로부터 1년 후부터 시작하여 기초 보상과 동일한 일정에 따라 연간 ¼ 또는 ⅓씩 베스팅됩니다. 최근 기록 이후 Liu의 해당 보상 구간 내 실질 소유권은 265, 527, 2,603, 5,253 RSU로 증가했습니다.

주식 매도는 없었으며, 10b5-1 거래 계획에 관한 언급도 없습니다. 이번 공시는 일상적인 것으로 Yum China의 운영이나 재무 전망에 중대한 변화가 있음을 나타내지 않습니다.

Yum China (NYSE:YUMC) a déposé un formulaire 4 révélant que son directeur juridique, Pingping Liu, a acquis des actions supplémentaires de la société le 18 juin 2025.

Le dépôt montre quatre acquisitions distinctes d’unités d’actions restreintes (RSU) émises en tant que paiements équivalents aux dividendes liés à des RSU précédemment attribuées. Les transactions ont ajouté un total de 46 RSU (1, 2, 14 et 29 unités respectivement) à un prix d’exercice de 0 $, toutes rapportées sous le code de transaction « A » (acquisition).

Chaque RSU se convertit un pour un en actions ordinaires et n’a pas de date d’expiration. Les nouvelles RSU seront acquises selon le même calendrier que les attributions sous-jacentes — soit ¼ ou ⅓ par an, à partir d’un an après leurs dates d’attribution initiales. Après ces dernières entrées, la propriété bénéficiaire de Liu au sein des tranches de récompenses respectives est passée à 265, 527, 2 603 et 5 253 RSU comme indiqué dans le dépôt.

Aucune action n’a été vendue, et le dépôt ne fait pas référence à un plan de négociation 10b5-1. Cette divulgation est de routine et n’indique aucun changement important dans les opérations ou les perspectives financières de Yum China.

Yum China (NYSE:YUMC) reichte ein Formular 4 ein, das offenlegt, dass sein Chief Legal Officer, Pingping Liu, am 18. Juni 2025 zusätzliche Unternehmensanteile erworben hat.

Die Einreichung zeigt vier separate Erwerbe von Restricted Stock Units (RSUs), die als Dividendenäquivalenzzahlungen im Zusammenhang mit zuvor gewährten RSUs ausgegeben wurden. Die Transaktionen fügten insgesamt 46 RSUs hinzu (jeweils 1, 2, 14 und 29 Einheiten) zu einem Ausübungspreis von 0 $, alle gemeldet unter dem Transaktionscode „A“ (Erwerb).

Jede RSU wandelt sich eins zu eins in Stammaktien um und hat kein Verfallsdatum. Die neuen RSUs werden nach dem gleichen Zeitplan wie die zugrunde liegenden Zuteilungen freigegeben — entweder ¼ oder ⅓ pro Jahr, beginnend ein Jahr nach ihrem ursprünglichen Gewährungsdatum. Nach den neuesten Einträgen erhöhte sich Liu’s wirtschaftliches Eigentum an den jeweiligen Zuteilungstranchen auf 265, 527, 2.603 und 5.253 RSUs, wie in der Einreichung angegeben.

Es wurden keine Aktien verkauft, und die Einreichung verweist nicht auf einen 10b5-1-Handelsplan. Die Offenlegung ist routinemäßig und deutet nicht auf wesentliche Änderungen in den Geschäftstätigkeiten oder der finanziellen Perspektive von Yum China hin.

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*
LIU Pingping

(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)
Chief Legal Officer
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
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
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) 06/18/2025 A 1 (2) (3) Common Stock 1 $0 265 D
Restricted Stock Unit (1) 06/18/2025 A 2 (2) (3) Common Stock 2 $0 527 D
Restricted Stock Unit (1) 06/18/2025 A 14 (4) (3) Common Stock 14 $0 2,603 D
Restricted Stock Unit (1) 06/18/2025 A 29 (4) (3) Common Stock 29 $0 5,253 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 1/4 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.
4. 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.
/s/ Pingping Liu 06/23/2025
** 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.

FAQ

How many Yum China shares did Pingping Liu acquire on 18 June 2025?

The Form 4 reports a total of 46 restricted stock units (1, 2, 14 and 29 units) acquired at a price of $0 per unit.

What is Pingping Liu’s role at Yum China (YUMC)?

The filing lists Liu as the company’s Chief Legal Officer.

What transaction code was used in the Form 4 for these RSUs?

Each entry shows transaction code “A”, indicating an acquisition of securities.

When will the newly granted RSUs vest for Pingping Liu?

They vest on the same schedule as the underlying awards: ¼ or ⅓ per year starting one year from the original grant date.

Do the RSUs reported in this Form 4 have an expiration date?

No. The filing states that the grant does not have an expiration date.
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