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Yum China (YUMC) awards 10,786 RSUs to supply chain chief

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

Rhea-AI Filing Summary

Yum China Holdings Chief Supply Chain Officer Howard Duoduo Huang reported multiple equity compensation transactions in company stock. On February 6, 2026, he received a grant of 10,786 restricted stock units (RSUs), which vest in thirds each year beginning one year from that date and have no expiration date.

On February 8, 2026, 3,023 RSUs were converted on a one-for-one basis into 3,023 shares of common stock at a conversion price of $0, increasing his directly held common stock to 24,314 shares. Also on February 8, the company withheld 1,361 shares at $57.95 per share in a transaction coded "F" to cover taxes, leaving him with 22,953 shares of common stock held directly. Following the RSU conversion, 3,114 RSUs from that award remained outstanding.

Positive

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Negative

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Insider HUANG Duoduo (Howard)
Role Chief Supply Chain Officer
Type Security Shares Price Value
Exercise Restricted Stock Unit 3,023 $0.00 --
Exercise Common Stock 3,023 $0.00 --
Tax Withholding Common Stock 1,361 $57.95 $79K
Grant/Award Restricted Stock Unit 10,786 $0.00 --
Holdings After Transaction: Restricted Stock Unit — 3,114 shares (Direct); Common Stock — 24,314 shares (Direct)
Footnotes (1)
  1. Conversion occurs on a one-for-one basis. Vesting occurs 1/3 per year beginning one year from 2/6/2026. This grant does not have an expiration date. Vesting occurs 1/3 per year beginning one year from 2/8/2024.
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*
HUANG Duoduo (Howard)
(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 Supply Chain Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/06/2026
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
Common Stock 02/08/2026 M 3,023 A $0(1) 24,314 D
Common Stock 02/08/2026 F 1,361 D $57.95 22,953 D
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) 02/06/2026 A 10,786 (2) (3) Common Stock 10,786 $0 10,786 D
Restricted Stock Unit (1) 02/08/2026 M 3,023 (4) (3) Common Stock 3,023 $0 3,114 D
Explanation of Responses:
1. Conversion occurs on a one-for-one basis.
2. Vesting occurs 1/3 per year beginning one year from 2/6/2026.
3. This grant does not have an expiration date.
4. Vesting occurs 1/3 per year beginning one year from 2/8/2024.
/s/ Pingping Liu, Power of Attorney 02/10/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Yum China (YUMC) report for Howard Duoduo Huang?

Yum China reported that Chief Supply Chain Officer Howard Duoduo Huang received 10,786 RSUs, converted 3,023 RSUs into common stock, and had 1,361 shares withheld at $57.95 per share for taxes, leaving 22,953 common shares held directly.

How many restricted stock units did YUMC grant to its Chief Supply Chain Officer?

On February 6, 2026, Yum China granted Chief Supply Chain Officer Howard Duoduo Huang 10,786 restricted stock units (RSUs). These RSUs convert into common stock on a one-for-one basis and are part of his long-term equity compensation package with the company.

What are the vesting terms of Howard Huang’s new Yum China RSU grant?

The 10,786 RSUs granted to Howard Duoduo Huang vest one-third per year, beginning one year from February 6, 2026. The filing notes that this RSU grant does not have an expiration date, supporting a multi-year vesting and retention schedule.

How many Yum China common shares does Howard Huang own after these Form 4 transactions?

After the reported transactions, Chief Supply Chain Officer Howard Duoduo Huang directly owns 22,953 shares of Yum China common stock. This figure reflects the RSU conversion of 3,023 shares and the tax withholding of 1,361 shares on February 8, 2026.

What was the purpose of the 1,361 Yum China shares withheld at $57.95?

The 1,361 shares of Yum China common stock, reported with transaction code "F" at $57.95 per share, were withheld to satisfy tax obligations on equity compensation. Such withholding is a common mechanism when RSUs convert into shares for executives.

How many RSUs remain outstanding for Howard Huang after the Yum China RSU conversion?

Following the 3,023 RSU conversion on February 8, 2026, the filing shows 3,114 restricted stock units from that award still beneficially owned. Separately, a new grant of 10,786 RSUs on February 6, 2026 is also reported as directly owned.