What does the 3,063-share transaction mean for Yum China (YUMC) CFO compensation?

The 3,063-share transaction reflects the exercise or conversion of restricted stock units into Yum China common stock. This is a typical equity compensation event, delivering shares to the executive as part of long-term incentive awards tied to company performance and service.

Yum China (NYSE: YUMC) CFO exercises 3,063 RSUs, 1,379 shares withheld

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Yum China Holdings, Inc.’s Chief Financial Officer, Adrian Ding, reported compensation-related stock movements involving company common stock and restricted stock units. On May 2, he exercised derivative securities tied to 3,063 shares of Common Stock, reflecting vesting of restricted stock units on a one-for-one basis.

To cover tax obligations, 1,379 shares of Common Stock were disposed of through a tax-withholding mechanism at $48.80 per share, which is not an open-market sale. Following these transactions, Ding directly holds 54,082 shares of Yum China common stock.

Insider Trade Summary

3,063 shares exercised/converted

Mixed 3 txns

Insider Ding Adrian

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Unit	3,063	$0.00	--
Exercise	Common Stock	3,063	$0.00	--
Tax Withholding	Common Stock	1,379	$48.80	$67K

Holdings After Transaction: Restricted Stock Unit — 6,218 shares (Direct, null); Common Stock — 55,461 shares (Direct, null)

Footnotes (1)

Conversion occurs on a one-for-one basis. Vesting occurs 1/3 per year beginning one year from 5/2/2025. This grant does not have an expiration date.

Key Figures

RSU conversion: 3,063 shares Tax-withholding shares: 1,379 shares Price for tax withholding: $48.80 per share +3 more

6 metrics

RSU conversion 3,063 shares Common Stock received via derivative exercise on May 2, 2026

Tax-withholding shares 1,379 shares Disposed at $48.80 per share to cover tax liability

Price for tax withholding $48.80 per share Value used for 1,379-share tax-withholding disposition

Shares held after transaction 54,082 shares Direct Yum China common stock holding following transactions

RSUs outstanding after transaction 6,218 units Restricted Stock Unit balance following derivative transaction

RSU conversion ratio 1-for-1 Each RSU converts into one share of Common Stock

Key Terms

Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, Exercise or conversion of derivative security, +1 more

5 terms

Restricted Stock Unit financial

"security_title": "Restricted Stock Unit""

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.

tax-withholding disposition financial

"transaction_action": "tax-withholding disposition""

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Exercise or conversion of derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

Conversion occurs on a one-for-one basis financial

"Conversion occurs on a one-for-one basis."

Form 4 Insider Transactions: What Each Field Means →

05/05/2026 - 06:53 AM

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^*

Ding Adrian

(Last)

(First)

(Middle)

YUM CHINA BUILDING

20 TIAN YAO QIAO ROAD

(Street)

SHANGHAI

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)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/02/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/02/2026		M		3,063	A	$0	55,461	D
Common Stock	05/02/2026		F		1,379	D	$48.8	54,082	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	05/02/2026		M			3,063	⁽²⁾	⁽³⁾	Common Stock	3,063	$0	6,218	D

Explanation of Responses:

1. Conversion occurs on a one-for-one basis.

2. Vesting occurs 1/3 per year beginning one year from 5/2/2025.

3. This grant does not have an expiration date.

	/s/ Pingping Liu, Power of Attorney	05/05/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Yum China (YUMC) CFO Adrian Ding report?

Adrian Ding reported exercising derivative securities for 3,063 shares of Yum China common stock and a related tax-withholding disposition of 1,379 shares. These events reflect restricted stock unit vesting and associated tax payments rather than open-market buying or selling activity.

How many Yum China (YUMC) shares does the CFO hold after this Form 4?

After the reported transactions, CFO Adrian Ding directly holds 54,082 shares of Yum China common stock. This figure reflects his position following the RSU-related share delivery and the tax-withholding disposition completed on May 2, 2026.

Was the Yum China (YUMC) CFO’s Form 4 transaction an open-market sale?

No, the 1,379-share disposition was a tax-withholding event, not an open-market sale. Shares were withheld at $48.80 per share to satisfy tax liability linked to the vesting and exercise of restricted stock units into common stock.

How are the Yum China (YUMC) restricted stock units structured for the CFO?

The filing notes the restricted stock units convert to common stock on a one-for-one basis. Vesting occurs in thirds each year beginning one year from May 2, 2025, and the grant is described as having no expiration date under the equity plan.