Yum China executive trades 23,390 shares
Yum China Holdings executive Jeff Kuai, General Manager, Pizza Hut, exercised stock appreciation rights into 23,390 shares of common stock on August 12, 2026, at exercise prices of $26.98 and $26.56 per share.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Yum China Holdings executive Jeff Kuai, General Manager, Pizza Hut, exercised stock appreciation rights into 23,390 shares of common stock on August 12, 2026, at exercise prices of $26.98 and $26.56 per share. He then sold or otherwise disposed of a net 14,586 shares at prices around $47.69–$47.76 per share, including open-market sales reported on a weighted average basis and dispositions to the issuer.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
9 txns
Insider
Kuai Jeff
Role
General Manager, Pizza Hut
Sold
14,586 shs ($696K)
Approx. gross sale proceeds
$696K
Approx. exercise cost
$626K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Appreciation Right F3 | 12,212 | $0.00 | $0.00 |
| Exercise | Stock Appreciation Right F3 | 11,178 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,212 | $26.98 | $329K |
| Exercise | Common Stock | 11,178 | $26.56 | $297K |
| Sale | Common Stock F1 | 5,313 | $47.71 | $253K |
| Sale | Common Stock F1 | 4,961 | $47.71 | $237K |
| Disposition | Common Stock | 6,899 | $47.76 | $329K |
| Disposition | Common Stock | 6,217 | $47.76 | $297K |
| Sale | Common Stock F2 | 4,312 | $47.74 | $206K |
Holdings After Transaction:
Stock Appreciation Right — 0 contracts (Direct);
Common Stock — 63,541 shares (Direct)
Footnotes (3)
- F1. This transaction was executed in multiple trades at prices ranging from $47.69 to $47.75. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F2. This transaction was executed in multiple trades at prices ranging from $47.74 to $47.76. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request, to the SEC staff, the Issuer or a security holder of the Issuer, full information regarding the number of shares and prices at which the transaction was effected.
- F3. Vested in full.
Key Figures
Shares from SAR exercise: 23,390 shares
Exercise price 1: $26.98 per share
Exercise price 2: $26.56 per share
+3 more
6 metrics
Shares from SAR exercise
23,390 shares
Total underlying common shares from two stock appreciation right exercises on August 12, 2026
Exercise price 1
$26.98 per share
Conversion or exercise price for 12,212 stock appreciation right shares
Exercise price 2
$26.56 per share
Conversion or exercise price for 11,178 stock appreciation right shares
Net shares sold/disposed
14,586 shares
Net sell direction across reported common stock transactions
Open-market sale price
$47.71 per share
Reported per-share price for two sale transactions, footnoted as weighted averages
Issuer disposition price
$47.76 per share
Per-share price for dispositions coded as transfers to the issuer
Key Terms
Stock Appreciation Right, weighted average price, disposition to issuer, derivative security
4 terms
Stock Appreciation Right financial
"security_title: "Stock Appreciation Right""
A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.
weighted average price financial
"The price reported above reflects the weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
disposition to issuer financial
"transaction_code_description": "Disposition to issuer""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did YUMC executive Jeff Kuai report on August 12, 2026?
Jeff Kuai reported exercising stock appreciation rights into 23,390 Yum China (YUMC) common shares, then selling or otherwise disposing of a net 14,586 shares at prices around $47.69–$47.76 per share.
At what prices were Jeff Kuai’s Yum China (YUMC) stock appreciation rights exercised?
Jeff Kuai exercised Yum China stock appreciation rights covering 12,212 shares at $26.98 per share and 11,178 shares at $26.56 per share, converting these derivative awards into an equal number of common shares before subsequent sales and dispositions.
Were Jeff Kuai’s Yum China (YUMC) stock sales executed in multiple trades?
Yes. Footnotes state certain Yum China sales were completed in multiple trades, with weighted average prices ranging from $47.69–$47.75 and $47.74–$47.76. The reported per-share prices reflect these weighted averages across the individual executions.
What does the Form 4 reveal about the vesting of Jeff Kuai’s Yum China stock appreciation rights?
A footnote explains that the reported stock appreciation rights had vested in full. Kuai then exercised these rights on August 12, 2026, receiving 23,390 Yum China common shares corresponding to the vested awards before engaging in subsequent sales and dispositions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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