STOCK TITAN
  1. Home
  2. Sec-filings
  3. YUMC
  4. [Form 4] Yum China Holdings, Inc. Insider Trading Activity

Yum China (YUMC) Pizza Hut GM granted RSU dividend equivalents

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

Rhea-AI Filing Summary

Yum China Holdings, Inc. reported that one of its officers, the General Manager of Pizza Hut, acquired additional derivative securities in the form of restricted stock units (RSUs) on 12/23/2025. These RSUs are structured as dividend equivalency units tied to previously granted RSUs and are convertible into common stock on a one-for-one basis at no exercise price.

The new RSU dividend equivalents follow the same vesting schedules and terms as the underlying prior RSU awards. Those referenced awards vest either 1/4 per year beginning one year from grant, 50% on the second anniversary and 50% on the third anniversary, or 1/3 per year beginning one year from grant. The grants do not have an expiration date and are reported as directly owned by the officer.

Positive

  • None.

Negative

  • None.
Insider Kuai Jeff
Role General Manager, Pizza Hut
Type Security Shares Price Value
Grant/Award Restricted Stock Unit 3 $0.00 --
Grant/Award Restricted Stock Unit 4 $0.00 --
Grant/Award Restricted Stock Unit 14 $0.00 --
Grant/Award Restricted Stock Unit 45 $0.00 --
Grant/Award Restricted Stock Unit 62 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 787 shares (Direct)
Footnotes (1)
  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 1/4 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. This grant does not have an expiration date. 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 50% on the second anniversary of the grant date and the remaining 50% will vest on the third anniversary of 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. 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.
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*
Kuai Jeff
(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)
General Manager, Pizza Hut
3. Date of Earliest Transaction (Month/Day/Year)
12/23/2025
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) 12/23/2025 A 3 (2) (3) Common Stock 3 $0 787 D
Restricted Stock Unit (1) 12/23/2025 A 4 (4) (3) Common Stock 4 $0 838 D
Restricted Stock Unit (1) 12/23/2025 A 14 (5) (3) Common Stock 14 $0 2,865 D
Restricted Stock Unit (1) 12/23/2025 A 45 (5) (3) Common Stock 45 $0 9,207 D
Restricted Stock Unit (1) 12/23/2025 A 62 (5) (3) Common Stock 62 $0 12,741 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 50% on the second anniversary of the grant date and the remaining 50% will vest on the third anniversary of 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.
5. 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, Power of Attorney 12/29/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What did Yum China (YUMC) disclose in this Form 4 filing?

The filing reports that a Yum China officer, the General Manager of Pizza Hut, received additional restricted stock units (RSUs) on 12/23/2025 as dividend equivalency units linked to prior RSU grants.

Who is the reporting person in this Yum China (YUMC) Form 4?

The reporting person is an officer of Yum China Holdings, Inc., serving as General Manager, Pizza Hut, and the filing is made by one reporting person.

What type of securities were involved in the Yum China (YUMC) Form 4 transaction?

The transactions involve derivative securities described as Restricted Stock Units, each convertible into Yum China common stock on a one-for-one basis with an exercise price of $0.

When did the reported transactions for Yum China (YUMC) occur?

The earliest transaction date disclosed is 12/23/2025, and all the listed RSU dividend equivalency grants share this same transaction date.

How do the new RSU dividend equivalents for Yum China (YUMC) vest?

The filing states that these RSU dividend equivalency units vest on the same date and under the same terms as the underlying RSUs, which vest under three schedules: 1/4 per year beginning one year from grant, 50% on the second anniversary and 50% on the third anniversary, or 1/3 per year beginning one year from grant.

Do the reported Yum China (YUMC) RSU grants have an expiration date?

No. The filing explicitly notes that this grant of RSU dividend equivalency units does not have an expiration date.

Are the reported Yum China (YUMC) RSUs directly or indirectly owned?

The table identifies ownership of the derivative securities as Direct (D) for the reporting officer.