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

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

Leila Zhang, Chief Technology Officer of Yum China Holdings (YUMC), acquired multiple restricted stock units (RSUs) on 09/23/2025 as reported on Form 4. The filing shows five RSU awards acquired as dividend-equivalency payments with conversion on a one-for-one basis into common stock. Quantities reported for the acquisitions are 3, 9, 11, 34, and 41 RSUs, each converting to common stock units at no cash price. The filing reports the beneficial ownership totals following the transactions as 683, 1,675, 1,993, 6,107, and 7,396 shares respectively. The RSUs have no expiration date and vest according to the terms of the underlying awards as described in the footnotes. The Form 4 was signed by Power of Attorney Pingping Liu on 09/25/2025.

Leila Zhang, Chief Technology Officer di Yum China Holdings (YUMC), ha esercitato diverse RSU il 23/09/2025, come riportato nel Modulo 4. La dichiarazione descrive cinque premi RSU acquisiti come pagamenti in dividendi in equivalente azionario con conversione 1:1 in azioni ordinarie. Le quantità riportate per gli acquisti sono 3, 9, 11, 34 e 41 RSU, ciascuna convertita in unità di azioni ordinarie senza prezzo in contanti. Le partecipazioni vantate dopo le transazioni sono 683, 1.675, 1.993, 6.107 e 7.396 azioni rispettivamente. Le RSU non hanno scadenza e maturano secondo i termini degli awards sottostanti come indicato nelle note. Il Modulo 4 è stato firmato da Pingping Liu, Procuratore, il 25/09/2025.

Leila Zhang, directora de tecnología de Yum China Holdings (YUMC), obtuvo varias RSU el 23/09/2025 según lo reportado en el Formulario 4. La presentación muestra cinco premios RSU adquiridos como pagos en dividendos en equivalencia, con conversión 1 a 1 a acciones ordinarias. Las cantidades reportadas para los adquiridos son 3, 9, 11, 34 y 41 RSU, cada una convirtiéndose en unidades de acciones comunes sin precio en efectivo. Las titularidades de propiedad beneficiosa tras las transacciones son 683, 1.675, 1.993, 6.107 y 7.396 acciones respectivamente. Las RSU no tienen fecha de caducidad y vencen conforme a los términos de los premios subyacentes, como se describe en las notas al pie. El Formulario 4 fue firmado por el mandatario Pingping Liu el 25/09/2025.

레일라 장은 Yum China Holdings(YUMC)의 최고기술책임자(CTO)로서 2025년 9월 23일 Form 4에 따라 RSU를 다수 취득했습니다. 신고서는 배당금 등가 지불로 취득한 다섯 개의 RSU 보상을 1대 1의 비율로 보통주로 전환한 것을 보여줍니다. 취득 수량은 3, 9, 11, 34, 41 RSU로 각각 현금 가격 없이 보통주 단위로 전환됩니다. 거래 후 지배적 소유 총계는 683, 1,675, 1,993, 6,107, 7,396주로 각각 보고됩니다. RSU에는 만료일이 없으며 기초 상여의 조건에 따라 베스팅되며 각주에 기재된 바와 같이 vesting됩니다. 이 Form 4는 Pingping Liu 대리인이 2025년 9월 25일 서명했습니다.

Leila Zhang, directrice technique de Yum China Holdings (YUMC), a acquis plusieurs RSU le 23/09/2025, tel que rapporté dans le Formulaire 4. Le dossier indique cinq attributions RSU obtenues en paiements équivalents à des dividendes avec une conversion 1 pour 1 en actions ordinaires. Les quantités déclarées pour les acquisitions sont 3, 9, 11, 34 et 41 RSU, chacune se convertissant en unités d’actions ordinaires sans prix en espèces. Les totaux de propriété bénéficiaire après les transactions sont 683, 1 675, 1 993, 6 107 et 7 396 actions respectivement. Les RSU n’expirent pas et vestent selon les termes des attributions sous-jacentes, comme décrit dans les notes de bas de page. Le Formulaire 4 a été signé par le mandataire Pingping Liu le 25/09/2025.

Leila Zhang, Chief Technology Officer von Yum China Holdings (YUMC), hat am 23.09.2025 mehrere RSU gemäß Form 4 erworben. Die Einreichung zeigt fünf RSU-Zuwendungen, die als Dividendenäquivalenzzahlungen mit einer 1-zu-1-Konvertierung in Stammaktien erworben wurden. Die für die Zuwendungen gemeldeten Mengen sind 3, 9, 11, 34 und 41 RSU, jeweils ohne Barpreis in Stammaktien umgewandelt. Die berichteten vorteilhaften Eigentumssummen nach den Transaktionen betragen jeweils 683, 1.675, 1.993, 6.107 und 7.396 Aktien. RSU haben kein Verfallsdatum und vesten gemäß den Bedingungen der zugrundeliegenden Awards, wie in den Fußnoten beschrieben. Das Form 4 wurde am 25.09.2025 von der Vollmacht Pingping Liu unterzeichnet.

ليلى Zhang، الرئيسة التنفيذية لتقنية المعلومات في Yum China Holdings (YUMC)، قد حصلت على عدة وحدات RSU في 23/09/2025 كما ورد في النموذج 4. تُظهر الإيداع خمس جوائز RSU مكتسبة كمدفوعات مكافئة للأرباح مع تحويل 1 إلى 1 إلى الأسهم العادية. الكميات المبلغ عنها للاكتساب هي 3، 9، 11، 34 و41 RSU، كل منها تتحول إلى وحدات أسهم عادية بدون سعر نقدي. إجمالي الملكية المستفيدة بعد المعاملات هو 683، 1,675، 1,993، 6,107 و7,396 سهماً على التوالي. لا يوجد تاريخ انتهاء لـ RSU وتتحقق vest وفقاً لشروط الجوائز الأساسية كما هو موضح في الملاحظات. تم توقيع النموذج 4 بواسطة وكيل السلطة Pingping Liu في 25/09/2025.

Leila Zhang，Yum China Holdings（YUMC）的首席技术官，按照 Form 4 于 2025-09-23 获得多项 RSU。 申报显示有五项 RSU 奖励以股息等价支付方式获得，按1:1 转换为普通股。此次取得的数量分别为 3、9、11、34、41 RSU，每项无现金价格地转换为普通股单位。交易后的实际受益所有权总数分别为 683、1,675、1,993、6,107、7,396 股。RSU 没有到期日，按底层奖项条款及脚注所述进行归属。Form 4 由 Pingping Liu 的授权签署，日期为 2025-09-25。

Positive
  • Disclosure compliance: Form 4 filed and signed via Power of Attorney, showing timely reporting of insider activity
  • Compensation alignment: RSUs structured as dividend-equivalency payments that vest with underlying awards, aligning executive incentives with shareholders
Negative
  • None.

Insights

TL;DR: Modest dividend-equivalent RSU grants reinforce executive compensation alignment without new cash outlay.

The filing documents multiple small RSU issuances to the CTO that are dividend-equivalency payments tied to earlier awards and vest on the same schedule as the underlying grants. Because conversion is one-for-one and the awards carry a $0 price, this represents equity-based compensation rather than market purchases. The amounts are relatively small in isolation, suggesting routine compensation adjustments rather than a material change to ownership or control. Vesting schedules mirror the underlying awards, preserving retention incentives.

TL;DR: Routine insider disclosure shows standard equity compensation mechanics and proper Form 4 documentation.

The Form 4 clearly discloses the nature of the awards as dividend-equivalency RSUs, conversion mechanics, and vesting linkage to underlying grants. The report includes a Power of Attorney signature and timely dates, indicating compliance with Section 16 reporting. There are no indicators of unusual transactions, open-market trades, or dispositions that would trigger governance concern. Ownership levels shown post-transaction are explicit, allowing investors to track insider holdings precisely.

Leila Zhang, Chief Technology Officer di Yum China Holdings (YUMC), ha esercitato diverse RSU il 23/09/2025, come riportato nel Modulo 4. La dichiarazione descrive cinque premi RSU acquisiti come pagamenti in dividendi in equivalente azionario con conversione 1:1 in azioni ordinarie. Le quantità riportate per gli acquisti sono 3, 9, 11, 34 e 41 RSU, ciascuna convertita in unità di azioni ordinarie senza prezzo in contanti. Le partecipazioni vantate dopo le transazioni sono 683, 1.675, 1.993, 6.107 e 7.396 azioni rispettivamente. Le RSU non hanno scadenza e maturano secondo i termini degli awards sottostanti come indicato nelle note. Il Modulo 4 è stato firmato da Pingping Liu, Procuratore, il 25/09/2025.

Leila Zhang, directora de tecnología de Yum China Holdings (YUMC), obtuvo varias RSU el 23/09/2025 según lo reportado en el Formulario 4. La presentación muestra cinco premios RSU adquiridos como pagos en dividendos en equivalencia, con conversión 1 a 1 a acciones ordinarias. Las cantidades reportadas para los adquiridos son 3, 9, 11, 34 y 41 RSU, cada una convirtiéndose en unidades de acciones comunes sin precio en efectivo. Las titularidades de propiedad beneficiosa tras las transacciones son 683, 1.675, 1.993, 6.107 y 7.396 acciones respectivamente. Las RSU no tienen fecha de caducidad y vencen conforme a los términos de los premios subyacentes, como se describe en las notas al pie. El Formulario 4 fue firmado por el mandatario Pingping Liu el 25/09/2025.

레일라 장은 Yum China Holdings(YUMC)의 최고기술책임자(CTO)로서 2025년 9월 23일 Form 4에 따라 RSU를 다수 취득했습니다. 신고서는 배당금 등가 지불로 취득한 다섯 개의 RSU 보상을 1대 1의 비율로 보통주로 전환한 것을 보여줍니다. 취득 수량은 3, 9, 11, 34, 41 RSU로 각각 현금 가격 없이 보통주 단위로 전환됩니다. 거래 후 지배적 소유 총계는 683, 1,675, 1,993, 6,107, 7,396주로 각각 보고됩니다. RSU에는 만료일이 없으며 기초 상여의 조건에 따라 베스팅되며 각주에 기재된 바와 같이 vesting됩니다. 이 Form 4는 Pingping Liu 대리인이 2025년 9월 25일 서명했습니다.

Leila Zhang, directrice technique de Yum China Holdings (YUMC), a acquis plusieurs RSU le 23/09/2025, tel que rapporté dans le Formulaire 4. Le dossier indique cinq attributions RSU obtenues en paiements équivalents à des dividendes avec une conversion 1 pour 1 en actions ordinaires. Les quantités déclarées pour les acquisitions sont 3, 9, 11, 34 et 41 RSU, chacune se convertissant en unités d’actions ordinaires sans prix en espèces. Les totaux de propriété bénéficiaire après les transactions sont 683, 1 675, 1 993, 6 107 et 7 396 actions respectivement. Les RSU n’expirent pas et vestent selon les termes des attributions sous-jacentes, comme décrit dans les notes de bas de page. Le Formulaire 4 a été signé par le mandataire Pingping Liu le 25/09/2025.

Leila Zhang, Chief Technology Officer von Yum China Holdings (YUMC), hat am 23.09.2025 mehrere RSU gemäß Form 4 erworben. Die Einreichung zeigt fünf RSU-Zuwendungen, die als Dividendenäquivalenzzahlungen mit einer 1-zu-1-Konvertierung in Stammaktien erworben wurden. Die für die Zuwendungen gemeldeten Mengen sind 3, 9, 11, 34 und 41 RSU, jeweils ohne Barpreis in Stammaktien umgewandelt. Die berichteten vorteilhaften Eigentumssummen nach den Transaktionen betragen jeweils 683, 1.675, 1.993, 6.107 und 7.396 Aktien. RSU haben kein Verfallsdatum und vesten gemäß den Bedingungen der zugrundeliegenden Awards, wie in den Fußnoten beschrieben. Das Form 4 wurde am 25.09.2025 von der Vollmacht Pingping Liu unterzeichnet.

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).
1. Name and Address of Reporting Person*
Zhang Leila
(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 Technology Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/23/2025
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) 09/23/2025 A 3 (2) (3) Common Stock 3 $0 683 D
Restricted Stock Unit (1) 09/23/2025 A 9 (4) (3) Common Stock 9 $0 1,675 D
Restricted Stock Unit (1) 09/23/2025 A 11 (5) (3) Common Stock 11 $0 1,993 D
Restricted Stock Unit (1) 09/23/2025 A 34 (5) (3) Common Stock 34 $0 6,107 D
Restricted Stock Unit (1) 09/23/2025 A 41 (5) (3) Common Stock 41 $0 7,396 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 09/25/2025
** 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 Leila Zhang acquire according to the Form 4 for YUMC?

The Form 4 reports Leila Zhang acquired restricted stock units (RSUs) on 09/23/2025 in five grants of 3, 9, 11, 34, and 41 RSUs as dividend-equivalency payments.

How do the reported RSUs convert to Yum China common stock (YUMC)?

The filing states conversion occurs on a one-for-one basis, with the RSUs convertible into common stock at a reported price of $0 per share.

What were the beneficial ownership totals after the reported transactions?

The Form 4 lists the beneficial ownership totals following the transactions as 683, 1,675, 1,993, 6,107, and 7,396 shares corresponding to each reported line item.

What are the vesting terms for these RSUs?

The RSUs are dividend-equivalency payments that vest on the same dates and under the same terms as the underlying restricted stock units, with specific vesting schedules described in the footnotes (annual or multi-year tranches).

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Pingping Liu, Power of Attorney, on 09/25/2025.
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#692 Ranked by Market Cap
#1532 Ranked by Dividends

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YUMC Stock Data

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355.25M
0.36%
88.03%
2.09%
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