Every Form 4 that Yum China Holdings, Inc. (YUMC) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow YUMC and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full YUMC filings page.
Yum China Holdings, Inc. (YUMC) reported that Chief People Officer Jerry Ding exercised a restricted stock unit award on September 1, 2026. An award of 1,318 Restricted Stock Units was converted on a one-for-one basis into 1,318 shares of Common Stock, exhausting that RSU position. Of these shares, 594 shares of Common Stock were delivered or withheld for payment of exercise price or tax liability at $44.88 per share. The RSUs vest one-third per year beginning September 1, 2024, and the grant has no expiration date. No Rule 10b5-1 trading plan is reported.
Yum China Holdings, Inc. (YUMC) reported that Chief Supply Chain Officer Duoduo (Howard) Huang exercised vested Stock Appreciation Rights on August 18, 2026, converting 18,117 derivative-equivalent shares into common stock at exercise prices of $26.56 and $41.66 per share. He then sold a total of 24,096 shares of common stock in open-market transactions at weighted average prices of about $47.07–$47.15 per share, executed in multiple trades within stated price ranges, and also disposed of additional shares back to the issuer at $47.25 per share. The filing does not state Huang’s total common stock holdings after these transactions.
Yum China Holdings executive Jeff Kuai, General Manager, Pizza Hut, exercised stock appreciation rights into 23,390 shares of common stock on August 12, 2026, at exercise prices of $26.98 and $26.56 per share. He then sold or otherwise disposed of a net 14,586 shares at prices around $47.69–$47.76 per share, including open-market sales reported on a weighted average basis and dispositions to the issuer.
Yum China Holdings, Inc. reported that Controller and PAO Lu Xueling received three grants of Restricted Stock Units on June 17, 2026, covering 26, 16, and 9 units. These RSUs are issued as dividend equivalency payments on previously granted RSUs, convert into common stock on a one-for-one basis, and vest on the same schedule as the underlying awards, with one-third vesting each year beginning one year from the original grant date. The grants have no stated expiration date and represent routine equity compensation rather than open-market share purchases or sales.
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.
Yum China Holdings Chief Technology Officer Leila Zhang reported compensation-related stock awards rather than market trades. On June 17, 2026, she received three grants of Restricted Stock Units (RSUs) as dividend equivalency payments tied to prior RSU awards, covering 46, 33, and 21 RSUs.
The footnotes state these RSUs convert into common stock on a one-for-one basis and vest on the same schedule as the underlying RSUs, which vest one-third per year beginning one year from the original grant date. The grant has no expiration date. Following these awards, Zhang’s reported RSU holdings for the respective award lines increased to 6,988, 5,040, and 3,152 units.
Yum China Holdings, Inc. reported that Warton Wang, General Manager of KFC, received additional Restricted Stock Units on June 17, 2026. The grants cover 139, 83, and 41 RSUs, all at a stated price of $0.00 per unit as part of his compensation.
The RSUs convert into common stock on a one-for-one basis and have no expiration date. They were issued as dividend equivalency payments linked to previously granted RSUs and will vest on the same schedule and terms as those underlying awards. Following these grants, Wang’s direct RSU holdings in the reported award lines total 20,964 units, 12,603 units, and 6,304 units, respectively.
Yum China Holdings reported that Jeff Kuai, General Manager of Pizza Hut, received three grants of Restricted Stock Units on June 17, 2026 as part of dividend equivalency payments on earlier awards. The grants cover 78, 57, and 31 RSUs, each convertible into common stock on a one-for-one basis at no purchase price.
These dividend-equivalency RSUs will vest on the same schedule and terms as the underlying RSUs, which vest one-third per year beginning one year from the original grant date, and the filing notes that this grant has no expiration date. After these acquisitions, Kuai holds RSU positions of 11,791, 8,642, and 4,728 units in three separate award lines.
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.
Yum China Holdings, Inc. reported that Chief Legal Officer Pingping Liu received grants of additional Restricted Stock Units on June 17, 2026. These awards total 79 RSUs issued as dividend equivalency units tied to previously granted RSUs and carry a zero exercise price.
Each unit converts into one share of common stock on a one-for-one basis and will vest on the same schedule as the underlying RSU awards, which generally vest in equal annual installments beginning one year from the original grant dates. Following these grants, Liu’s reported RSU balances for the affected award buckets are 6,988, 3,600, 1,349 and 266 units, respectively.
Yum China Holdings, Inc. reported that Chief Financial Officer Adrian Ding received multiple awards of Restricted Stock Units on June 17, 2026. These grants total several small blocks of RSUs, including 127, 41, 43 and 21 units, all acquired at a price of $0.00 per unit as compensation awards.
The RSUs convert into common stock on a one-for-one basis and were issued as dividend equivalency payments tied to previously granted RSUs. According to the disclosure, these new units vest on the same schedule as the underlying RSUs, which vest one-third per year beginning one year from the original grant date, and the grant has no expiration date.
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.
Yum China Holdings director William Wang reported a stock grant of 7,632 shares of common stock. The shares were acquired at a price of $0.00 per share, indicating a compensation-related award rather than an open-market purchase.
Following this grant, Wang directly holds 64,852 shares of Yum China common stock. The filing also shows 12,035,635 shares held indirectly through Pollos Investment L.P., an investment vehicle tied to a private fund. Wang disclaims beneficial ownership of these indirectly held shares except for any pecuniary interest he may have through his interest in the fund’s parent company.
Yum China Holdings director Fred Hu reported a stock grant of 13,050 common shares. These shares were acquired as a grant or award at a price of $0.00 per share, bringing his directly held common stock to 95,455 shares.
The filing also reports 12,035,635 shares of common stock held indirectly following the transaction through Pollos Investment L.P. An affiliate of Hu is a special limited partner of a fund that owns partnership interests in Pollos Investment, and Hu may have a pecuniary interest through an indirect share of any performance fee. He expressly disclaims beneficial ownership of these indirectly held securities except to the extent of any pecuniary interest.
Durham Mikel A. reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. director Mikel A. Durham received a grant of 8,447 shares of Common Stock on June 1, 2026. The award was reported at a price of $0.0000 per share, indicating a compensation-related grant rather than a market purchase, and increased the director’s direct holdings to 17,572 shares after the transaction.
Shao Zili reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings director Shao Zili received a grant of 4,544 shares of Common Stock. The award carried a price of $0.00 per share, indicating it was compensation rather than an open-market purchase. Following this grant, Shao directly holds 56,551 shares of Yum China common stock.
Ettedgui Edouard reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. director Edouard Ettedgui received a stock grant of 8,098 shares of Common Stock on June 1, 2026. The award was recorded at a price of $0.00 per share, indicating a compensation-related grant rather than a market purchase. After this grant, he directly holds 67,324 shares.
Zhu Christina (Xiaojing) reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. director Christina (Xiaojing) Zhu received a stock award of 7,573 shares of common stock on June 1, 2026. The shares were granted at no cash cost, reflecting equity-based compensation rather than an open-market purchase. Following this award, her direct holdings increased to 25,215 common shares.
Yum China Holdings director Zhang Min (Jenny) reported an indirect award of 3,063 shares of Common Stock, recorded as a “grant, award, or other acquisition.” These shares are held through a family controlled corporation, bringing her indirectly held position to 17,513 shares after the transaction.
Yum China Holdings, Inc. director David L. Hoffmann reported receiving a stock grant of 4,602 shares of Common Stock on June 1, 2026. The shares were acquired as a grant or award at a reported price of $0.00 per share, indicating compensation rather than an open-market purchase. Following this award, Hoffmann directly holds a total of 27,336 Yum China shares.
Yum China Holdings director Ruby Rong Lu received a grant of common stock. On 2026-06-01, she acquired 7,865 shares of Yum China common stock as a grant or award at no cash cost per share. After this compensation-related award, her directly held position increased to 73,935 shares, indicating a routine update to her equity stake rather than an open-market purchase or sale.
Yum China Holdings director Grace Xin Ge received a grant of 4,602 shares of Common Stock as compensation. The shares were awarded on June 1, 2026 at a reported price of $0.00 per share, indicating a non-cash equity award rather than an open-market purchase.
Following this grant, Ge directly holds 9,126 shares of Yum China Common Stock. The filing shows no sales or option exercises, only this grant/award acquisition.
Yum China Holdings, Inc. director Wei Zhe David reported an acquisition of company stock through an indirect holding. On June 1, 2026, a controlled corporation associated with him received a grant of 4,136 shares of Common Stock at no purchase price. After this award, the controlled corporation indirectly holds 7,258 shares of Yum China common stock. This filing reflects a compensation-related grant rather than an open-market transaction.
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.
HUANG Duoduo (Howard) reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. executive Duoduo (Howard) Huang, Chief Supply Chain Officer, reported compensation-related equity grants. On March 25, 2026, he received awards of 17, 34, and 61 Restricted Stock Units, each convertible into common stock on a one-for-one basis as they vest. These RSUs were issued as dividend equivalency units tied to previously granted RSUs, and will vest on the same schedule, with one-third vesting each year beginning one year from the original grant dates. The filing reflects routine equity compensation rather than open-market share purchases or sales.
Ding Adrian reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. Chief Financial Officer Adrian Ding reported four new awards of Restricted Stock Units on March 25, 2026. The grants cover 17, 36, 52 and 107 RSUs, each convertible into common stock on a one-for-one basis. These RSUs are dividend-equivalency units tied to previously granted RSUs and will vest on the same schedule, which is 1/3 per year beginning one year from the original grant date of the underlying awards. The RSU grants have no expiration date and reflect compensation-related awards rather than open-market share purchases or sales.
Yum China Holdings, Inc. reported that Chief People Officer Jerry Ding received several small grants of restricted stock units on March 25 2026. The awards cover 2, 7, 8, 20 and 39 units, each convertible into common stock on a one-for-one basis at no exercise price.
According to the footnotes, these units are dividend-equivalency payments linked to previously issued restricted stock units and will vest on the same schedules as those underlying awards, which vest in either annual thirds or quarters starting one year from the original grant dates. No open-market share purchases or sales were reported; this filing reflects routine equity compensation rather than trading activity.
Yum China Holdings, Inc. reported that Chief Legal Officer Pingping Liu received several grants of Restricted Stock Units on March 25, 2026. These RSUs are dividend-equivalency units tied to earlier RSU awards and convert into common stock on a one-for-one basis, with no expiration date. The new units vest on the same schedules as the underlying RSUs, which vest in annual installments (1/4 or 1/3 per year) beginning one year from the original grant dates, and increase Liu’s direct RSU holdings under the reported awards up to 6,942 units.
Wat Joey reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. director and Chief Executive Officer Joey Wat reported three compensation-related transactions involving Restricted Stock Units (RSUs). On March 25, 2026, she received awards of 251, 402, and 488 RSUs, each convertible into common stock on a one-for-one basis.
These RSUs were issued as dividend equivalency units linked to previously granted RSUs that vest one-third per year beginning one year from the original grant date. The new RSUs will vest on the same dates and under the same terms as the underlying RSU awards, and the grant has no expiration date. All holdings are reported as directly owned, and there were no reported share sales.
Kuai Jeff reported acquisition or exercise transactions in this Form 4 filing.
Yum China Holdings, Inc. General Manager of Pizza Hut, Jeff Kuai, reported compensation-related equity awards on March 25, 2026. He received three grants of Restricted Stock Units (RSUs) as dividend-equivalency units covering 26, 48, and 65 RSUs, each convertible into common stock on a one-for-one basis.
The RSUs were awarded at a price of $0.00 per unit and are tied to previously issued RSUs. According to the footnotes, the underlying RSUs vest in equal one-third installments each year beginning one year from their original grant date, and these dividend-equivalency RSUs follow the same vesting schedule and terms. The grant has no expiration date and represents routine executive equity compensation rather than open-market buying or selling.
Yum China Holdings, Inc. reported that Warton Wang, General Manager of KFC, received grants of Restricted Stock Units (RSUs) on March 25, 2026. These awards total 222 RSUs, issued as dividend equivalency units tied to previously granted RSUs.
The RSUs convert into common stock on a one-for-one basis and have no expiration date. They vest on the same schedule as the underlying RSUs, which vest in three equal installments beginning one year from their original grant dates. The filing shows only compensation-related acquisitions and no open-market share purchases or sales.
Yum China Holdings, Inc. Chief Technology Officer Leila Zhang reported routine equity compensation in the form of restricted stock units (RSUs). On March 25, 2026, she received three RSU dividend-equivalency grants covering 39, 28, and 17 units of common stock on a one-for-one conversion basis.
These RSUs are issued as dividend equivalency payments tied to previously granted RSUs and will vest on the same schedule as the underlying awards, which vest one-third per year beginning one year from their original grant dates. The filing notes that this grant has no expiration date and that these positions are held directly.
Yum China Holdings, Inc. reported that Controller and Principal Accounting Officer Lu Xueling received three small grants of restricted stock units on March 25, 2026. The Form 4 shows these as compensation-related awards, not open-market trades.
The units are dividend-equivalency RSUs tied to previously granted RSUs and convert into common stock on a one-for-one basis. They vest on the same schedule as the underlying RSUs, which vest one-third per year beginning one year from the original grant date, and the grant has no expiration date.
Yum China Holdings, Inc. Controller and PAO Lu Xueling reported several equity transactions in company stock. Lu exercised a stock appreciation right covering 3,726 shares of common stock at a price of $26.56 per share, increasing direct common stock holdings before subsequent transactions. On the same date, Lu disposed of 1,769 shares of common stock back to the issuer at $55.97 per share and sold a total of 23,504 common shares in open‑market transactions at prices reported as $55.92 and $55.83 per share, each executed in multiple trades within disclosed price ranges. Following these transactions, Lu directly owned 9,042 shares of Yum China common stock.
Yum China Holdings, Inc. reported an open-market sale of common stock by its Chief Executive Officer and director Joey Wat. On February 13, 2026, Wat sold 104,000 shares of Yum China common stock in an open-market transaction at a weighted average price of $55.18 per share, executed in multiple trades between $55.01 and $55.29. Following this sale, Wat directly beneficially owned 433,306 shares of common stock and indirectly beneficially owned an additional 272,944 shares through a controlled corporation and trust.
Yum China Holdings Chief Financial Officer Adrian Ding reported equity award activity involving company stock. On February 10, 2026, he exercised restricted stock units into 580 shares of common stock and another 3,153 shares, both at an exercise price of $0 per share under his award terms.
In connection with these awards, 1,681 common shares were disposed of at $57.12 per share to satisfy tax obligations through share delivery rather than cash. After these transactions, Ding directly owned 52,398 shares of Yum China common stock and held 6,403 restricted stock units, which convert to common stock on a one-for-one basis subject to vesting schedules beginning from February 10, 2022 and February 10, 2025.
Yum China Holdings officer Jeff Kuai, General Manager of Pizza Hut, reported equity award activity on February 10, 2026. He exercised restricted stock units that convert to common stock on a one-for-one basis, acquiring 792 and 4,204 shares of common stock at an exercise price of $0 per share.
To cover tax obligations from these awards, 2,249 common shares were disposed of at $57.12 per share through a tax-withholding transaction, not an open-market sale. After these transactions, Kuai directly owned 67,853 shares of Yum China common stock.
Yum China Holdings CEO and director Joey Wat reported multiple stock transactions around February 10–11, 2026. She acquired 6,861 and 35,040 shares of common stock at $0 per share through the conversion of restricted stock units, reflecting equity awards becoming shares.
To cover tax obligations tied to these awards, she disposed of 1,180 and 3,189 shares at $57.12 per share. On February 11, 2026, she executed an open-market sale of 4,613 shares at an average price of $57.01. After these transactions, she held 537,306 shares directly and 272,944 shares indirectly through a controlled corporation and trust.
Yum China Holdings, Inc. Chief People Officer Jerry Ding reported several share transactions on February 10, 2026. He acquired 1,751 shares of common stock and another 359 shares through one-for-one conversion of restricted stock units at an exercise price of $0.
To cover tax withholding, 903 shares of common stock were disposed of at $57.12 per share. After these transactions, he directly owned 3,577 shares of common stock and 3,557 restricted stock units, which vest in annual installments under previously granted awards.
Yum China Holdings Chief Legal Officer Pingping Liu reported routine equity compensation activity. On February 10, 2026, Liu exercised restricted stock units that convert on a one-for-one basis into a total of 2,020 shares of common stock (269 shares from one RSU grant and 1,751 shares from another).
To satisfy tax withholding obligations, 823 common shares were disposed of at $57.12 per share. After these transactions, Liu directly held 16,183 shares of Yum China common stock and 3,557 restricted stock units that continue to vest over time under previously disclosed schedules.
Yum China Holdings executive Wang Warton, General Manager of KFC, reported equity award activity involving company stock. On February 10, 2026, he exercised restricted stock units that convert to common stock on a one-for-one basis, receiving 6,606 shares of common stock at an exercise price of $0 per share.
To cover tax obligations related to this vesting, 2,974 common shares were disposed of at $57.12 per share under a tax-withholding transaction coded “F,” rather than an open-market trade. After these transactions, he directly owned 54,523 shares of Yum China common stock and 12,450 restricted stock units remained outstanding.
Yum China Holdings Chief Technology Officer Leila Zhang reported equity award activity and related share withholding. On 02/10/2026, she exercised restricted stock units into 686 and 2,453 shares of common stock at an exercise price of $0 per share, reflecting the one-for-one RSU-to-share conversion.
To cover tax obligations from these awards, 1,413 shares of common stock were disposed of at $57.12 per share through share withholding. After these transactions, Zhang directly owned 60,438 shares of Yum China common stock and 4,979 restricted stock units that continue to vest over time.
Yum China Holdings Chief Supply Chain Officer Duoduo (Howard) Huang reported equity award activity involving company stock. On February 10, 2026, he exercised restricted stock units, converting 317 and 2,977 units into an equal number of common shares at an exercise price of $0 per share. On the same date, 1,483 common shares were disposed of at $57.12 per share to satisfy tax liabilities associated with these awards. Following these transactions, Huang directly owned 27,102 shares of Yum China common stock.
Yum China officer Lu Xueling, Controller and PAO, reported equity award transactions in company stock. On February 10, 2026, she exercised restricted stock units into 317 and 1,226 shares of common stock at $0 per share under one-for-one conversion terms. To satisfy tax obligations, 695 shares of common stock were withheld at $57.12 per share. After these transactions, she directly beneficially owned 30,589 shares of Yum China common stock.
Yum China Holdings Chief Technology Officer Leila Zhang reported routine equity award activity. On February 9, 2026, she converted 2,009 and 1,687 restricted stock units into the same number of Yum China common shares on a one-for-one basis at a price of $0 per unit.
To cover tax obligations, 1,664 common shares were withheld or sold at $57.5 per share, leaving Zhang with 58,712 Yum China common shares held directly. The underlying restricted stock units vest over time starting from February 9, 2023, with some vesting in thirds annually and others 50% on the second and 50% on the third anniversary.
Yum China Holdings, Inc. officer Howard Duoduo Huang, Chief Supply Chain Officer, reported equity award activity on February 9, 2026. He exercised restricted stock units into 1,722 shares of common stock and another 2,530 shares at an exercise price of $0 per share, reflecting one-for-one conversion into common stock. To cover taxes associated with these vestings, 1,914 common shares were withheld or disposed of at $57.5 per share under transaction code F. Following these transactions, Huang directly owned 25,291 shares of Yum China common stock.
Yum China Holdings Chief People Officer Jerry Ding reported equity transactions involving restricted stock units and common shares. On February 9, 2026, 401 restricted stock units converted into 401 shares of common stock at $0 per share, reflecting a one-for-one conversion.
On the same date, 135 common shares were disposed of at $57.50 per share in a transaction coded “F,” typically used for share withholding related to taxes. Following these transactions, Ding directly beneficially owned 2,370 shares of common stock and 397 restricted stock units.
Yum China Holdings, Inc. Chief Financial Officer Adrian Ding reported equity award activity involving company stock. On February 9, 2026, he converted 2,009 and 3,373 restricted stock units into the same number of common shares on a one-for-one basis at a stated price of $0 per share.
On the same date, 2,423 common shares were disposed of at $57.5 per share in a transaction coded "F," typically used for shares withheld or sold to cover taxes. Following these transactions, Ding directly held 50,346 common shares. Footnotes indicate the RSU grants vest over time beginning from February 9, 2023 and have no expiration date.
Yum China Holdings, Inc. Chief Legal Officer Pingping Liu reported routine equity transactions involving company stock. On February 9, 2026, 267 restricted stock units converted on a one-for-one basis into 267 shares of common stock at $0 per share, increasing Liu’s direct holdings to 15,067 shares.
On the same date, 81 common shares were disposed of at $57.50 per share in a transaction coded "F", leaving Liu with 14,986 directly owned common shares. The underlying restricted stock unit grant vests 25% per year beginning one year from February 9, 2023 and does not have an expiration date.
Yum China Holdings, Inc. Chief Executive Officer and director Joey Wat reported equity award activity on February 9, 2026. She exercised 28,678 restricted stock units into common stock on a one-for-one basis at $0 per share.
On the same date, 2,727 shares of common stock were disposed of at $57.5 per share. Following these transactions, Wat directly beneficially owned 504,387 shares of common stock and indirectly held 272,944 shares through a controlled corporation and trust. The underlying restricted stock unit grant vests in thirds annually beginning one year from February 9, 2023 and does not have an expiration date.