Yum China (YUMC) Chief People Officer receives new RSU dividend awards

Rhea-AI Filing Summary

Yum China Holdings, Inc. reported that Chief People Officer Jerry Ding received several small grants of Restricted Stock Units (RSUs) as compensation on 2026-06-17. These awards total 89 RSUs, issued as dividend equivalency payments tied to previously granted RSUs.

The RSUs convert into common stock on a one-for-one basis and have no expiration date. According to the footnotes, these dividend-equivalent RSUs will vest on the same dates and under the same terms as the underlying RSU awards, which vest in annual installments over multiyear schedules.

Insider Trade Summary

5 transactions reported

Mixed 5 txns

Insider DING Jerry

Role Chief People Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	2	$0.00	--
Grant/Award	Restricted Stock Unit	8	$0.00	--
Grant/Award	Restricted Stock Unit	10	$0.00	--
Grant/Award	Restricted Stock Unit	23	$0.00	--
Grant/Award	Restricted Stock Unit	46	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 401 shares (Direct, null)

Footnotes (1)

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 1/4 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. 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.

Key Figures

RSU grant: 46 RSUs Additional RSU grant: 23 RSUs Smaller RSU grants: 10 RSUs +2 more

5 metrics

RSU grant 46 RSUs Dividend-equivalency RSUs linked to prior award, 4-year vesting schedule

Additional RSU grant 23 RSUs Dividend-equivalency RSUs linked to prior award, 3-year vesting schedule

Smaller RSU grants 10 RSUs Dividend-equivalency RSUs tied to existing grants, vest with underlying awards

Smaller RSU grants 8 RSUs Dividend-equivalency RSUs tied to existing grants, vest with underlying awards

Smaller RSU grants 2 RSUs Dividend-equivalency RSUs tied to existing grants, vest with underlying awards

Key Terms

Restricted Stock Unit, dividend equivalency payment, one-for-one basis, expiration date

4 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

"Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued"

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/22/2026 - 07:15 AM Accepted by SEC EDGAR 06/22/2026 - 07:15 AM Learn about SEC filing dates

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 Jerry

(Last) (First) (Middle)

YUM CHINA BUILDING

20 TIAN YAO QIAO ROAD

(Street)

SHANGHAI F4 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 People Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)	06/17/2026		A		2		(2)	(3)	Common Stock	2	$0	401	D
Restricted Stock Unit	(1)	06/17/2026		A		8		(4)	(3)	Common Stock	8	$0	1,316	D
Restricted Stock Unit	(1)	06/17/2026		A		10		(4)	(3)	Common Stock	10	$0	1,574	D
Restricted Stock Unit	(1)	06/17/2026		A		23		(4)	(3)	Common Stock	23	$0	3,600	D
Restricted Stock Unit	(1)	06/17/2026		A		46		(4)	(3)	Common Stock	46	$0	6,988	D

Explanation of Responses:

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

2. 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 1/4 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.

3. This grant does not have an expiration date.

4. 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.

	/s/ Pingping Liu, Power of Attorney	06/22/2026
	** 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)

FAQ

What insider transaction did YUMC Chief People Officer Jerry Ding report?

Jerry Ding reported receiving multiple small grants of Restricted Stock Units as compensation. These RSUs are dividend-equivalency payments linked to earlier RSU awards and will convert into Yum China common stock on a one-for-one basis, vesting on the same schedule as the underlying awards.

How many Restricted Stock Units did Jerry Ding acquire in this Yum China (YUMC) Form 4?

The Form 4 shows Jerry Ding was granted 89 Restricted Stock Units in total, across several small awards. Each RSU represents a right to receive one share of Yum China common stock, subject to the vesting conditions tied to prior RSU grants.

Are the YUMC RSU grants to Jerry Ding open-market purchases or sales?

No, these are not open-market trades. The Form 4 describes compensation-related RSU grants classified as awards, not stock bought or sold in the market. They reflect equity-based pay rather than a discretionary investment decision by Jerry Ding.

When do Jerry Ding’s new Yum China (YUMC) RSUs vest?

The newly reported RSUs vest on the same dates and terms as the underlying RSUs that generated the dividend equivalents. Those underlying awards vest in equal annual installments, either over three years or four years, starting one year from their original grant dates.

What does one-for-one conversion mean for Jerry Ding’s YUMC RSUs?

One-for-one conversion means each Restricted Stock Unit entitles Jerry Ding to receive one share of Yum China common stock upon vesting. This conversion ratio is fixed in the filing, so the number of shares received will match the number of vested RSUs.

Do Jerry Ding’s new Yum China RSU grants have an expiration date?

The filing notes that this grant does not have an expiration date. Instead, the RSUs remain outstanding until they either vest or are forfeited under plan terms, following the same schedule and conditions as the original underlying RSU awards.