Yum China officer granted new RSU awards

Yum China Holdings, Inc. reported that Chief Supply Chain Officer Duoduo (Howard) Huang received three compensation-related grants of Restricted Stock Units on 2026-06-17.

Rhea-AI Filing Summary

Yum China Holdings, Inc. reported that Chief Supply Chain Officer Duoduo (Howard) Huang received three compensation-related grants of Restricted Stock Units on 2026-06-17. The awards cover 72, 40, and 21 Restricted Stock Units, each convertible into Common Stock on a one-for-one basis at no exercise price.

These units are issued as dividend equivalency payments tied to previously granted Restricted Stock Units that vest in three equal installments beginning one year from their original grant date. The new units will vest on the same dates and under the same terms as the underlying awards and have no stated expiration date. All holdings are reported as directly owned.

Insider Trade Summary

Grant/Award: 133 shares

Grant/Award 3 txns

Insider HUANG Duoduo (Howard)

Role Chief Supply Chain Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	21	$0.00	$0.00
Grant/Award	Restricted Stock Unit	40	$0.00	$0.00
Grant/Award	Restricted Stock Unit	72	$0.00	$0.00

Holdings After Transaction: Restricted Stock Unit — 20,192 contracts (Direct)

Footnotes (3)

1. F1. Conversion occurs on a one-for-one basis.
2. F2. 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.
3. F3. This grant does not have an expiration date.

Key Figures

RSU grant 1: 72 Restricted Stock Units RSU grant 2: 40 Restricted Stock Units RSU grant 3: 21 Restricted Stock Units +3 more

6 metrics

RSU grant 1 72 Restricted Stock Units Grant on 17 June 2026, convertible one-for-one into Common Stock

RSU grant 2 40 Restricted Stock Units Grant on 17 June 2026, dividend equivalency payment

RSU grant 3 21 Restricted Stock Units Grant on 17 June 2026, dividend equivalency payment

Holdings after grant (line 1) 10,919 derivative units Total derivative securities following the 72-unit RSU grant

Holdings after grant (line 2) 6,121 derivative units Total derivative securities following the 40-unit RSU grant

Holdings after grant (line 3) 3,152 derivative units Total derivative securities following the 21-unit RSU grant

Key Terms

Restricted Stock Unit, dividend equivalency payment, vest, 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 with respect to Restricted Stock Units previously issued..."

vest financial

"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..."

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

one-for-one basis financial

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

grant financial

"This grant does not have an expiration date."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Yum China (YUMC) report for Duoduo (Howard) Huang?

Yum China reported that Chief Supply Chain Officer Duoduo (Howard) Huang received three grants of Restricted Stock Units on 17 June 2026 as compensation. These are non-cash equity awards, not open-market share purchases or sales, and reflect routine stock-based compensation.

How many Restricted Stock Units did the Yum China officer receive in this Form 4?

The officer received three separate Restricted Stock Unit awards of 72, 40, and 21 units. Each unit represents the right to receive one share of Yum China Common Stock, subject to the vesting terms associated with the underlying Restricted Stock Units.

What is a dividend equivalency Restricted Stock Unit for Yum China (YUMC)?

Dividend equivalency Restricted Stock Units are additional units issued in connection with previously granted awards, mirroring dividend payments. For Yum China, these RSUs are issuable as dividend equivalency payments and vest on the same dates and under the same terms as the original Restricted Stock Units.

When will the newly granted Yum China Restricted Stock Units vest?

The new Restricted Stock Units will vest on the same schedule as the underlying awards they relate to. Those underlying awards vest one-third per year, beginning one year from their original grant date, so the dividend-equivalency units follow that same vesting pattern over time.

Do the reported Yum China Restricted Stock Unit grants have an expiration date?

The reported Restricted Stock Unit grants do not have an expiration date. A footnote states explicitly that this grant has no expiration, meaning the units remain outstanding until they vest or are otherwise settled according to the award terms.

Are these Yum China (YUMC) Form 4 transactions market purchases or sales of stock?

These transactions are not market purchases or sales. They are Form 4 code "A" grants, described as awards or other acquisitions of derivative securities, representing stock-based compensation rather than trading of Yum China shares in the open market.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/22/2026 - 07:25 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^*

HUANG Duoduo (Howard)

(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 Supply Chain 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		21		(2)	(3)	Common Stock	21	$0	3,152	D
Restricted Stock Unit	(1)	06/17/2026		A		40		(2)	(3)	Common Stock	40	$0	6,121	D
Restricted Stock Unit	(1)	06/17/2026		A		72		(2)	(3)	Common Stock	72	$0	10,919	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 1/3 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.

3. This grant does not have an expiration date.

	/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)