Yum China (NYSE: YUMC) CEO awarded additional RSU dividend equivalents
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Yum China Holdings, Inc. director and Chief Executive Officer Joey Wat reported compensation-related equity activity through three grants of Restricted Stock Units on June 17, 2026. These awards total 581, 479 and 299 RSUs, each granted at $0.00 per unit.
The RSUs are described as dividend equivalency units tied to previously issued RSUs that vest one-third per year beginning one year from the original grant date. The new units will vest on the same dates and under the same terms as the underlying RSU awards, convert into common stock on a one-for-one basis, and have no expiration date.
Following these transactions, the reported RSU balances for the related awards stand at 87,351 units, 72,025 units and 45,055 units, reflecting updated holdings associated with the existing long-term incentive grants.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Wat Joey
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 299 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 479 | $0.00 | -- |
| Grant/Award | Restricted Stock Unit | 581 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 45,055 shares (Direct)
Footnotes (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 1/3 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. This grant does not have an expiration date.
Key Figures
RSU grant 1: 581 RSUs
RSU grant 2: 479 RSUs
RSU grant 3: 299 RSUs
+3 more
6 metrics
RSU grant 1
581 RSUs
Dividend equivalency grant on June 17, 2026
RSU grant 2
479 RSUs
Dividend equivalency grant on June 17, 2026
RSU grant 3
299 RSUs
Dividend equivalency grant on June 17, 2026
RSU balance line 1
87,351 units
Total RSUs following transaction for first award line
RSU balance line 2
72,025 units
Total RSUs following transaction for second award line
RSU balance line 3
45,055 units
Total RSUs following transaction for third award line
Key Terms
Restricted Stock Unit, dividend equivalency payment, vest 1/3 per year, one-for-one basis, +1 more
5 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 to the Reporting Person as a dividend equivalency payment..."
vest 1/3 per year financial
"…Restricted Stock Units previously issued to the Reporting Person which vest 1/3 per year beginning one year from the grant date."
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
What insider transactions did Yum China (YUMC) report for Joey Wat?
Yum China reported that CEO Joey Wat received three grants of Restricted Stock Units as dividend equivalency payments, covering 581, 479 and 299 units. These RSUs relate to existing awards and follow the same vesting schedule and terms as the underlying grants.
Are Joey Wat’s recent Yum China RSU transactions open-market buys or sales?
The reported RSU transactions are compensation-related grants, not open-market buys or sales. They are dividend equivalency Restricted Stock Units tied to prior RSU awards and granted at zero cost, vesting over time under existing long-term incentive terms.
How many RSU units were granted to Yum China CEO Joey Wat in this filing?
Joey Wat received three separate Restricted Stock Unit grants totaling 1,359 units: 581, 479 and 299 RSUs. Each grant represents dividend equivalency units associated with previously issued RSUs and will vest according to the same schedule as those original awards.
How do the new Yum China RSUs for Joey Wat vest over time?
The dividend equivalency RSUs vest on the same dates and terms as the underlying RSUs, which vest one-third per year starting one year from the original grant date. This means the new units follow the existing long-term incentive vesting schedule already in place.
What is the conversion rate for Joey Wat’s Yum China Restricted Stock Units?
Each Restricted Stock Unit converts into one share of Yum China common stock on a one-for-one basis. The filing also notes that this grant has no expiration date, so conversion depends on vesting and applicable settlement terms under the company’s equity plan.
What are Joey Wat’s updated Yum China RSU holdings after these grants?
After the new dividend equivalency RSU grants, the filing shows updated line-item RSU holdings of 87,351 units, 72,025 units and 45,055 units for the related awards. These figures reflect cumulative balances in those specific RSU lines under the company’s equity compensation program.