Yum China GM granted additional RSU awards

Yum China Holdings, Inc. reported that Warton Wang, General Manager of KFC, received additional Restricted Stock Units on June 17, 2026.

Rhea-AI Filing Summary

Yum China Holdings, Inc. reported that Warton Wang, General Manager of KFC, received additional Restricted Stock Units on June 17, 2026. The grants cover 139, 83, and 41 RSUs, all at a stated price of $0.00 per unit as part of his compensation.

The RSUs convert into common stock on a one-for-one basis and have no expiration date. They were issued as dividend equivalency payments linked to previously granted RSUs and will vest on the same schedule and terms as those underlying awards. Following these grants, Wang’s direct RSU holdings in the reported award lines total 20,964 units, 12,603 units, and 6,304 units, respectively.

Insider Trade Summary

Grant/Award: 263 shares

Grant/Award 3 txns

Insider Wang Warton

Role General Manager, KFC

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	41	$0.00	$0.00
Grant/Award	Restricted Stock Unit	83	$0.00	$0.00
Grant/Award	Restricted Stock Unit	139	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 39,871 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

RSU grant 1: 139 Restricted Stock Units RSU grant 2: 83 Restricted Stock Units RSU grant 3: 41 Restricted Stock Units +5 more

8 metrics

RSU grant 1 139 Restricted Stock Units Grant on June 17, 2026 as dividend equivalency

RSU grant 2 83 Restricted Stock Units Grant on June 17, 2026 as dividend equivalency

RSU grant 3 41 Restricted Stock Units Grant on June 17, 2026 as dividend equivalency

Holdings line 1 20,964 RSUs Total RSUs following first reported grant line

Holdings line 2 12,603 RSUs Total RSUs following second reported grant line

Holdings line 3 6,304 RSUs Total RSUs following third reported grant line

Conversion ratio 1 RSU : 1 common share Conversion occurs on a one-for-one basis

Price per RSU $0.00 per unit Stated transaction 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 ... as a dividend equivalency payment with respect to Restricted Stock Units"

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 insider transaction did Yum China (YUMC) report for Warton Wang?

Yum China reported that Warton Wang received three Restricted Stock Unit grants on June 17, 2026. These RSUs are compensation-related awards, issued as dividend equivalents tied to earlier RSU grants, and convert one-for-one into Yum China common stock.

How many Restricted Stock Units did Warton Wang receive in this Yum China (YUMC) filing?

Warton Wang received 139, 83, and 41 Restricted Stock Units in three separate grants. Each grant is part of a dividend equivalency program linked to previously issued RSUs and follows the same vesting schedule as those original awards.

How do the new Yum China (YUMC) RSUs for Warton Wang vest?

The new RSUs for Warton Wang vest on the same schedule as the underlying RSUs they reference. Those original RSUs vest in one-third increments each year, beginning one year from their grant date, and the dividend equivalency RSUs mirror those terms.

What is the conversion rate of Warton Wang’s Yum China (YUMC) RSUs?

Warton Wang’s Restricted Stock Units convert one-for-one into Yum China common stock. This means each RSU, once vested and settled, corresponds to a single share of the company’s common stock, according to the footnote disclosure.

Do the new Yum China (YUMC) RSU grants for Warton Wang expire?

The filing states that these RSU grants do not have an expiration date. They remain outstanding subject to their vesting conditions, and once vested, they convert into Yum China common stock on the disclosed one-for-one basis.

How many RSUs does Warton Wang hold after these Yum China (YUMC) grants?

After the reported grants, Warton Wang’s direct RSU holdings in the disclosed award lines are 20,964 units, 12,603 units, and 6,304 units. These figures reflect total RSUs reported for each corresponding grant category following the June 17, 2026 transactions.

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 - 07:23 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^*

Wang Warton

(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, KFC

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		41		(2)	(3)	Common Stock	41	$0	6,304	D
Restricted Stock Unit	(1)	06/17/2026		A		83		(2)	(3)	Common Stock	83	$0	12,603	D
Restricted Stock Unit	(1)	06/17/2026		A		139		(2)	(3)	Common Stock	139	$0	20,964	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)