[Form 4] Yum China Holdings, Inc. Insider Trading Activity
Pingping Liu, Chief Legal Officer and Director of Yum China Holdings, Inc. (YUMC), reported issuance of Restricted Stock Units (RSUs) as dividend-equivalency payments. The Form 4 discloses RSU transactions dated 09/23/2025 that were reported on the Form filed by one reporting person and signed on 09/25/2025.
The filing lists four RSU grants recorded as acquisitions at $0: 1 unit (resulting in 266 shares beneficially owned), 2 units (529 shares), 14 units (2,617 shares) and 29 units (5,282 shares). The RSUs convert one-for-one to common stock, have no expiration date, and vest on the same schedule as the underlying awards—some vesting 1/4 per year and others 1/3 per year beginning one year from the grant date.
Pingping Liu, Chief Legal Officer e Director di Yum China Holdings, Inc. (YUMC), ha comunicato l’emissione di Restricted Stock Units (RSU) come pagamenti di equivalenza ai dividendi. Il Form 4 rivela operazioni RSU datate 23/09/2025 che sono state riportate nel modulo presentato da un unico soggetto segnalante e firmato il 25/09/2025.
La dichiarazione elenca quattro concessioni RSU registrate come acquisizioni a 0 dollari: 1 unità (che comporta 266 azioni detenute), 2 unità (529 azioni), 14 unità (2.617 azioni) e 29 unità (5.282 azioni). Le RSU si convertono in azioni ordinarie una-a-una, non hanno data di scadenza e maturano secondo lo stesso calendario degli award sottostanti — alcune maturano 1/4 all’anno e altre 1/3 all’anno, a partire da un anno dalla data di assegnazione.
Pingping Liu, Directora Jurídica y Directora de Yum China Holdings, Inc. (YUMC), informó sobre la emisión de Unidades de Acciones Restringidas (RSU) como pagos por equivalencia de dividendos. El Formulario 4 divulga transacciones de RSU con fecha 23/09/2025 que fueron reportadas en el Formulario presentado por una persona reportante y firmado el 25/09/2025.
La presentación enumera cuatro concesiones de RSU registradas como adquisiciones a $0: 1 unidad (que resulta en 266 acciones de propiedad), 2 unidades (529 acciones), 14 unidades (2.617 acciones) y 29 unidades (5.282 acciones). Las RSU se convierten 1-por-1 en acciones comunes, no tienen fecha de vencimiento y se consolidan según el mismo calendario que las adjudicaciones subyacentes—algunas se vensan 1/4 por año y otras 1/3 por año, comenzando un año después de la fecha de la adjudicación.
Pingping Liu, Yum China Holdings, Inc.(YUMC)의 최고법무책임자이자 이사인 Pingping Liu가 주당배당 대가로 RSU(제한주식단위) 발행을 보고했습니다. Form 4는 2025년 9월 23일자로 이뤄진 RSU 거래를 공개하며 이는 2025년 9월 25일에 서명된 한 명의 보고자에 의해 신고된 Form에 기재되었습니다.
신고서는 0달러로 기록된 네 건의 RSU 부여를 취득으로 목록화합니다: 1단위(지배주 266주), 2단위(529주), 14단위(2,617주), 29단위(5,282주). RSU는 주당순가로 1대 1로 일반주식으로 전환되며 만료일이 없고, 기초 보상과 동일한 베스팅 일정에 따라 vesting됩니다—일부는 부여일로부터 1년 차에 매년 1/4씩 vesting되고, 다른 일부는 매년 1/3씩 vesting됩니다.
Pingping Liu, Directrice juridique et Administratrice de Yum China Holdings, Inc. (YUMC), a signalé l’émission d’unités d’actions restreintes (RSU) en tant que paiements équivalents à des dividendes. Le Form 4 divulge des transactions RSU datées du 23/09/2025 qui ont été reportées sur le formulaire soumis par une personne déclarant et signé le 25/09/2025.
Le dépôt répertorie quatre attributions RSU enregistrées comme acquisitions à 0 $ : 1 unité (donnant droit à 266 actions détenues), 2 unités (529 actions), 14 unités (2 617 actions) et 29 unités (5 282 actions). Les RSU se convertissent 1 pour 1 en actions ordinaires, n’ont pas de date d’expiration et vestent selon le même calendrier que les attributions sous-jacentes — certaines vestent 1/4 par an et d’autres 1/3 par an à partir de un an après la date d’octroi.
Pingping Liu, Chief Legal Officer und Direktorin von Yum China Holdings, Inc. (YUMC), meldete die Ausgabe von Restricted Stock Units (RSUs) als Dividendenäquivalenzzahlungen. Das Form 4 enthüllt RSU-Transaktionen vom 23.09.2025, die in dem von einer meldenden Person ausgefüllten und am 25.09.2025 unterzeichneten Formular gemeldet wurden.
Die Einreichung führt vier RSU-Zuwendungen auf, die als Erwerbungen mit $0 verbucht wurden: 1 Einheit (ergibt 266 Aktien im Eigentum), 2 Einheiten (529 Aktien), 14 Einheiten (2.617 Aktien) und 29 Einheiten (5.282 Aktien). Die RSUs wandeln sich eins zu eins in Stammaktien um, haben kein Ablaufdatum und vesten nach dem gleichen Zeitplan wie die zugrunde liegenden Zuwendungen — einige vesten jährlich 1/4, andere 1/3, beginnend ein Jahr nach dem Zuteilungsdatum.
بينغبينغ لي supporting من Yum China Holdings, Inc. (YUMC)، مدير الشؤون القانونية والمدير التنفيذي، أبلغ عن إصدار وحدات أسهم مقيدة (RSUs) كمدفوعات مكافئة للأرباح. يكشف النموذج 4 عن معاملات RSU بتاريخ 23/09/2025 والتي تم الإبلاغ عنها في النموذج المقدم من شخص واحد مُبلغ عنه وموقّع بتاريخ 25/09/2025.
تسرد التقديم أربع منحات RSU مُسجّلة كاستحواذات بسعر $0: 1 وحدة (تؤدي إلى 266 سهماً مملوكاً)، 2 وحدات (529 أسهم)، 14 وحدة (2,617 سهم)، و29 وحدة (5,282 سهم). RSUs تتحول بشكل واحد لواحد إلى أسهم عادية، ليس لديها تاريخ انتهاء، وتستحق وفق الجدول نفسه للجوائز الأساسية — بعضها يستحق تدريجياً 1/4 سنوياً والبعض الآخر 1/3 سنوياً اعتباراً من عام واحد بعد تاريخ المنح.
Pingping Liu，Yum China Holdings, Inc.（YUMC）的首席法务官兼董事，报告以受限股票单位（RSU）形式发行的股息等效支付。 Form 4披露日期为2025年9月23日的RSU交易，已在由一位申报人提交并于2025年9月25日签署的表格中报告。
该申报列出四项以0美元记账的RSU授予，作为取得记录：1单位（产生266股受益持有股）、2单位（529股）、14单位（2,617股）和29单位（5,282股）。RSU按一对一转换为普通股，没有到期日，并按照与基础奖励相同的归属时间表生效——有些在授予日一年后开始，每年归属1/4；有些在授予日一年后开始，每年归属1/3。
- Insider alignment: RSUs were issued to the Chief Legal Officer, aligning executive compensation with shareholder outcomes through equity-based awards.
- Clear vesting terms: Reporting specifies vesting schedules (1/4 per year and 1/3 per year) and one-for-one conversion, providing transparency on when shares may be delivered.
- None.
Insights
TL;DR: Routine dividend-equivalent RSU issuances to an officer were reported; impact is administrative, not an immediate cash transaction.
The Form 4 shows non-cash issuance of dividend-equivalent Restricted Stock Units to Pingping Liu on 09/23/2025, recorded at $0, which increases her beneficial ownership counts across four RSU lots. These awards convert one-for-one to common stock and follow the vesting schedules of the underlying grants (1/4 or 1/3 per year). As reported, there is no exercise price or expiration, indicating standard RSU mechanics rather than option activity. From an investor perspective, this is a routine insider compensation adjustment rather than a liquidity event or sale.
TL;DR: The filing documents standard dividend-equivalent RSU payments tied to existing awards, consistent with executive compensation practices.
The disclosure identifies Pingping Liu as both an officer (Chief Legal Officer) and a director and reports dividend-equivalent RSUs that vest according to the original grant terms. The clarity on conversion (one-for-one), lack of expiration, and matching vesting dates reduces ambiguity about future dilution timing. This appears to be a customary compensation administration item and raises no governance red flags based on the information provided.
Pingping Liu, Chief Legal Officer e Director di Yum China Holdings, Inc. (YUMC), ha comunicato l’emissione di Restricted Stock Units (RSU) come pagamenti di equivalenza ai dividendi. Il Form 4 rivela operazioni RSU datate 23/09/2025 che sono state riportate nel modulo presentato da un unico soggetto segnalante e firmato il 25/09/2025.
La dichiarazione elenca quattro concessioni RSU registrate come acquisizioni a 0 dollari: 1 unità (che comporta 266 azioni detenute), 2 unità (529 azioni), 14 unità (2.617 azioni) e 29 unità (5.282 azioni). Le RSU si convertono in azioni ordinarie una-a-una, non hanno data di scadenza e maturano secondo lo stesso calendario degli award sottostanti — alcune maturano 1/4 all’anno e altre 1/3 all’anno, a partire da un anno dalla data di assegnazione.
Pingping Liu, Directora Jurídica y Directora de Yum China Holdings, Inc. (YUMC), informó sobre la emisión de Unidades de Acciones Restringidas (RSU) como pagos por equivalencia de dividendos. El Formulario 4 divulga transacciones de RSU con fecha 23/09/2025 que fueron reportadas en el Formulario presentado por una persona reportante y firmado el 25/09/2025.
La presentación enumera cuatro concesiones de RSU registradas como adquisiciones a $0: 1 unidad (que resulta en 266 acciones de propiedad), 2 unidades (529 acciones), 14 unidades (2.617 acciones) y 29 unidades (5.282 acciones). Las RSU se convierten 1-por-1 en acciones comunes, no tienen fecha de vencimiento y se consolidan según el mismo calendario que las adjudicaciones subyacentes—algunas se vensan 1/4 por año y otras 1/3 por año, comenzando un año después de la fecha de la adjudicación.
Pingping Liu, Yum China Holdings, Inc.(YUMC)의 최고법무책임자이자 이사인 Pingping Liu가 주당배당 대가로 RSU(제한주식단위) 발행을 보고했습니다. Form 4는 2025년 9월 23일자로 이뤄진 RSU 거래를 공개하며 이는 2025년 9월 25일에 서명된 한 명의 보고자에 의해 신고된 Form에 기재되었습니다.
신고서는 0달러로 기록된 네 건의 RSU 부여를 취득으로 목록화합니다: 1단위(지배주 266주), 2단위(529주), 14단위(2,617주), 29단위(5,282주). RSU는 주당순가로 1대 1로 일반주식으로 전환되며 만료일이 없고, 기초 보상과 동일한 베스팅 일정에 따라 vesting됩니다—일부는 부여일로부터 1년 차에 매년 1/4씩 vesting되고, 다른 일부는 매년 1/3씩 vesting됩니다.
Pingping Liu, Directrice juridique et Administratrice de Yum China Holdings, Inc. (YUMC), a signalé l’émission d’unités d’actions restreintes (RSU) en tant que paiements équivalents à des dividendes. Le Form 4 divulge des transactions RSU datées du 23/09/2025 qui ont été reportées sur le formulaire soumis par une personne déclarant et signé le 25/09/2025.
Le dépôt répertorie quatre attributions RSU enregistrées comme acquisitions à 0 $ : 1 unité (donnant droit à 266 actions détenues), 2 unités (529 actions), 14 unités (2 617 actions) et 29 unités (5 282 actions). Les RSU se convertissent 1 pour 1 en actions ordinaires, n’ont pas de date d’expiration et vestent selon le même calendrier que les attributions sous-jacentes — certaines vestent 1/4 par an et d’autres 1/3 par an à partir de un an après la date d’octroi.
Pingping Liu, Chief Legal Officer und Direktorin von Yum China Holdings, Inc. (YUMC), meldete die Ausgabe von Restricted Stock Units (RSUs) als Dividendenäquivalenzzahlungen. Das Form 4 enthüllt RSU-Transaktionen vom 23.09.2025, die in dem von einer meldenden Person ausgefüllten und am 25.09.2025 unterzeichneten Formular gemeldet wurden.
Die Einreichung führt vier RSU-Zuwendungen auf, die als Erwerbungen mit $0 verbucht wurden: 1 Einheit (ergibt 266 Aktien im Eigentum), 2 Einheiten (529 Aktien), 14 Einheiten (2.617 Aktien) und 29 Einheiten (5.282 Aktien). Die RSUs wandeln sich eins zu eins in Stammaktien um, haben kein Ablaufdatum und vesten nach dem gleichen Zeitplan wie die zugrunde liegenden Zuwendungen — einige vesten jährlich 1/4, andere 1/3, beginnend ein Jahr nach dem Zuteilungsdatum.
FAQ
What transactions did Pingping Liu report on Form 4 for YUMC?
How many shares does each reported RSU lot represent after the transaction?
Do the reported RSUs have an exercise price or expiration date?
When do the RSUs vest according to the filing?
Who signed and dated the Form 4 and when?
