Yum China Holdings, Inc. Form 4 Filings

Yum China Holdings officer Kuai Jeff reported routine equity transactions. On February 9, 2026, he converted 2,868 and 844 restricted stock units into common stock at $0 per share, reflecting vested awards.

On the same date, he disposed of 1,671 common shares at $57.5 per share. After these transactions, Kuai directly beneficially owned 65,106 shares of Yum China common stock. He serves as General Manager, Pizza Hut at the company.

Yum China Holdings executive Wang Warton, General Manager of KFC, reported equity transactions dated 02/09/2026. A derivative transaction coded M shows the conversion of 3,729 restricted stock units into an equal number of common shares at a stated price of $0 per share.

On the same date, a non-derivative transaction coded F involved 1,679 shares of common stock at $57.5 per share. After these transactions, Wang Warton directly owns 50,891 shares of Yum China common stock.

Yum China Holdings director Wei Zhe David reported an indirect acquisition of company stock through a controlled corporation. On February 6, 2026, an affiliated controlled corporation acquired 86 shares of Yum China common stock at a price of $0 per share, increasing its indirect holdings to 3,122 shares. The transaction was reported as an indirect ownership position, classified as “Controlled Corporation,” and was filed on a Form 4 as a single reporting person filing.

Yum China Holdings’ Chief Legal Officer, Pingping Liu, reported routine equity compensation and related share transactions. On 02/06/2026, Liu received a grant of 6,903 restricted stock units, which vest in thirds each year starting one year from that date.

On 02/08/2026, 1,296 restricted stock units converted into 1,296 shares of common stock on a one-for-one basis at a conversion price of $0. To cover taxes on this equity event, 258 common shares were withheld or disposed of at $57.95 per share. After these transactions, Liu directly owned 14,800 shares of common stock and held 1,333 previously outstanding restricted stock units in addition to the new 6,903-unit grant.

Yum China Holdings executive Wang Warton, General Manager of KFC, reported equity compensation and related share activity. On February 6, 2026, he received 20,708 restricted stock units (RSUs), which vest in thirds each year starting one year from that date and have no expiration. On February 8, 2026, 6,047 RSUs were converted on a one-for-one basis into common stock, increasing his directly held common shares. That same day, 2,722 common shares were withheld at $57.95 per share, typically for taxes, leaving him with 48,841 shares of common stock held directly. Additional RSUs remain outstanding after these transactions.

Yum China Holdings Chief People Officer Jerry Ding reported several equity transactions. On 02/06/2026, he received a grant of 6,903 restricted stock units at no cost, which vest in thirds each year beginning one year from that date and have no expiration.

On 02/08/2026, 1,512 restricted stock units converted into 1,512 shares of common stock on a one-for-one basis at a stated price of $0. That same day, 323 common shares were disposed of at $57.95, leaving him with 2,104 directly held common shares after the transactions.

Yum China Holdings officer Jeff Kuai, General Manager of Pizza Hut, reported several equity transactions. On 02/08/2026, 4,536 restricted stock units converted into the same number of common shares at $0 per share, and 2,042 common shares were disposed of at $57.95 per share. After these moves, he directly held 63,065 common shares.

Separately, on 02/06/2026, Kuai received a new award of 11,648 restricted stock units that vest in thirds each year beginning one year from 02/06/2026. Following these derivative transactions, he directly held 4,671 restricted stock units.

Yum China Holdings (YUMC) CEO Joey Wat reported several equity compensation moves. On February 6, 2026, she received 86,282 restricted stock units (RSUs) at $0 per unit, each convertible into one share of common stock. These RSUs vest in thirds annually starting one year from February 6, 2026 and have no expiration date.

On February 8, 2026, 43,198 RSUs were converted into 43,198 shares of common stock at $0 per share, and 3,971 shares of common stock were disposed of at $57.95 per share. After these transactions, Wat directly held 478,436 shares of common stock and 44,505 RSUs, with an additional 272,944 shares held indirectly through a controlled corporation and trust.

Yum China Holdings Chief Supply Chain Officer Howard Duoduo Huang reported multiple equity compensation transactions in company stock. On February 6, 2026, he received a grant of 10,786 restricted stock units (RSUs), which vest in thirds each year beginning one year from that date and have no expiration date.

On February 8, 2026, 3,023 RSUs were converted on a one-for-one basis into 3,023 shares of common stock at a conversion price of $0, increasing his directly held common stock to 24,314 shares. Also on February 8, the company withheld 1,361 shares at $57.95 per share in a transaction coded "F" to cover taxes, leaving him with 22,953 shares of common stock held directly. Following the RSU conversion, 3,114 RSUs from that award remained outstanding.

Yum China Holdings, Inc. officer Lu Xueling, Controller and PAO, reported equity transactions involving company stock and restricted stock units. On 02/06/2026, Lu received 3,883 restricted stock units at a conversion price of $0, which convert into common stock on a one-for-one basis and vest in three equal annual installments beginning one year from that date.

On 02/08/2026, 1,404 restricted stock units were converted into 1,404 shares of common stock at $0. On the same date, 560 shares of common stock were disposed of at $57.95 per share. After these transactions, Lu directly owned 28,534 shares of common stock and 1,443 restricted stock units.

Yum China Holdings Chief Financial Officer Adrian Ding reported equity compensation transactions. On February 6, 2026, he was granted 18,982 restricted stock units (RSUs), which convert into common stock on a one-for-one basis, vesting in one-third installments annually beginning one year after that date, with no expiration date for this grant.

On February 8, 2026, 3,023 RSUs were exercised and converted into an equal number of Yum China common shares at a stated price of $0. On the same date, he disposed of 1,361 common shares at $57.95 per share. Following these transactions, he directly beneficially owned 47,387 common shares and 3,116 RSUs as reflected in the respective table lines.

Yum China Holdings, Inc. Chief Technology Officer Leila Zhang reported multiple equity-related transactions. On 02/06/2026, she received an award of 6,903 restricted stock units (RSUs), which convert to common stock on a one-for-one basis and vest in thirds beginning one year from that date.

On 02/08/2026, 3,023 RSUs were converted into an equal number of common shares at a stated price of $0, and 1,361 common shares were disposed of at $57.95 per share. After these transactions, she beneficially owned 56,680 shares of common stock and 3,114 RSUs, all held directly.

Yum China Holdings Chief Technology Officer Leila Zhang reported multiple equity transactions in company stock. On February 5, 2026, she exercised a stock appreciation right covering 10,000 shares of common stock at a conversion price of $26.56 per share, which the filing notes had vested in full.

On the same date, she acquired 10,000 shares of common stock through this exercise, then disposed of 5,193 shares at a price of $55.25 per share in an open market sale and a further 4,807 shares at $55.25 per share in a separate disposition. After these transactions, Zhang directly beneficially owned 55,018 shares of Yum China common stock and 10,492 stock appreciation rights.

Yum China Holdings’ Chief People Officer Jerry Ding sold company stock in a reported insider transaction. On February 5, 2026, he sold 3,000 shares of common stock at a price of $55.14 per share. After this sale, he beneficially owns 915 common shares, held directly.

Yum China Holdings, Inc. executive Lu Xueling, the company’s Controller and PAO, reported routine equity transactions in company stock. On January 14, 2026, Lu acquired 2,021 shares of common stock at $0.00 per share, representing the settlement of performance share units with a performance period from January 1, 2023 to December 31, 2025. On the same date, a second transaction coded “F” involved the disposition of 449 shares at $47.22 per share. After these transactions, Lu directly beneficially owned 27,690 shares of Yum China common stock.

Yum China Holdings Chief Supply Chain Officer Duoduo (Howard) Huang reported routine equity transactions on January 14, 2026. He acquired 3,731 shares of common stock at $0 upon settlement of performance share units with a performance period from January 1, 2023 to December 31, 2025, and disposed of 1,130 shares at $47.22 per share in a transaction coded “F.” After these transactions, he directly owned 21,291 shares of Yum China common stock.

Yum China Holdings, Inc. Chief Technology Officer Leila Zhang reported equity compensation activity in company stock. On January 14, 2026, she acquired 4,353 shares of common stock at $0 per share, reflecting the settlement of performance share units with a performance period from January 1, 2023 to December 31, 2025. On the same date, she disposed of 1,410 shares of common stock at $47.22 per share. After these transactions, she directly owned 55,018 shares of Yum China common stock.

Yum China Holdings, Inc. reported an insider equity transaction by Wang Warton, General Manager of KFC. On January 14, 2026, Wang acquired 8,084 shares of common stock at $0 per share under transaction code A, reflecting the settlement of performance share units earned over a performance period from January 1, 2023 to December 31, 2025.

On the same date, transaction code F shows 3,089 shares disposed of at $47.22 per share, typically representing shares withheld or sold to cover taxes related to the award. After these transactions, Wang directly held 45,516 shares of Yum China common stock.

Yum China Holdings insider Kuai Jeff, General Manager of Pizza Hut, updated his ownership in company stock. On January 14, 2026, he acquired 6,218 shares of common stock at $0 per share, representing the settlement of performance share units covering the period from January 1, 2023 to December 31, 2025. On the same day, he disposed of 2,249 shares of common stock at $47.22 per share. After these transactions, he directly owned 60,571 shares of Yum China common stock.

Yum China Holdings, Inc. Chief Executive Officer and director Joey Wat reported equity award activity involving the company’s common stock. On January 14, 2026, Wat acquired 62,181 shares of common stock at a price of $0 per share, reflecting the settlement of performance share units covering a performance period from January 1, 2023 to December 31, 2025. On the same date, 5,629 shares were disposed of at $47.22 per share in a transaction coded "F," which typically reflects shares withheld to cover taxes or similar obligations. After these transactions, Wat beneficially owned 439,209 shares directly and 272,944 shares indirectly through a controlled corporation and trust.

Yum China Holdings, Inc. Chief Financial Officer Adrian Ding reported equity award activity in company stock. On January 14, 2026, he acquired 4,353 shares of common stock at a price of $0 per share upon settlement of performance share units covering the period from January 1, 2023 to December 31, 2025. On the same day, a separate transaction disposed of 1,410 shares of common stock at $47.22 per share. Following these transactions, Ding directly beneficially owned 45,725 shares of Yum China common stock.

Yum China Holdings, Inc. reported that its Chief People Officer, a company officer, received several small grants of restricted stock units on 12/23/2025. These derivative awards were all issued at a price of $0 and are structured as dividend-equivalency payments tied to previously granted restricted stock units.

The new awards include restricted stock units for underlying common stock amounts such as 1, 3, 6, 15, and 26 shares, with beneficial ownership of derivative securities following the transactions shown at levels like 356 and 5,308. The units vest on the same schedules as the underlying restricted stock unit awards, including vesting patterns of 1/4 per year or 1/3 per year beginning one year from the original grant dates.

Yum China Holdings, Inc. reported an insider equity transaction by its Chief Financial Officer on a Form 4. On 12/23/2025, the CFO received several grants of restricted stock units (RSUs) as dividend-equivalency payments tied to previously issued RSUs. Each RSU converts into common stock on a one-for-one basis and carries a conversion or exercise price of $0.

The new RSU units follow the same vesting schedules as the underlying awards. Some vest at a rate of 1/4 per year beginning one year after the original grant date, others vest 50% on the second anniversary and 50% on the third anniversary, and others vest at 1/3 per year beginning one year from grant. The grants do not have an expiration date and are reported as directly owned derivative securities by the CFO.

Yum China Holdings reported an insider equity award for its Chief Legal Officer, Pingping Liu. On 12/23/2025, the officer acquired multiple series of restricted stock units (RSUs) that each convert into Yum China common stock on a one-for-one basis at an exercise price of $0.

These RSUs were granted as dividend equivalency payments tied to earlier RSU awards. The new units will vest on the same dates and under the same terms as the underlying RSUs, including grants that vest 1/4 per year or 1/3 per year beginning one year from the original grant dates. The filing also notes that this RSU grant has no expiration date.

Yum China Holdings, Inc.'s chief executive officer and director reported new equity awards in the form of restricted stock units (RSUs) tied to the company’s common stock. On 12/23/2025, the insider received RSU grants of 33, 141, 431, and 522 units, each convertible into common stock on a one-for-one basis at an exercise price of $0.

These RSUs were issued as dividend equivalency payments on previously granted RSUs and will vest on the same schedules as those underlying awards, which vest over multiple years in either one-quarter or one-third annual installments beginning one year from the original grant dates. Following these grants, the insider reports beneficial ownership of various RSU positions, including 6,856, 28,674, 87,703, and 106,184 derivative securities, all held directly.

Yum China Holdings, Inc. reported that one of its officers, the General Manager of Pizza Hut, acquired additional derivative securities in the form of restricted stock units (RSUs) on 12/23/2025. These RSUs are structured as dividend equivalency units tied to previously granted RSUs and are convertible into common stock on a one-for-one basis at no exercise price.

The new RSU dividend equivalents follow the same vesting schedules and terms as the underlying prior RSU awards. Those referenced awards vest either 1/4 per year beginning one year from grant, 50% on the second anniversary and 50% on the third anniversary, or 1/3 per year beginning one year from grant. The grants do not have an expiration date and are reported as directly owned by the officer.

Yum China Holdings, Inc. reported equity awards for an officer serving as General Manager, KFC. A single reporting person filed individually in connection with transactions dated 12/23/2025.

The officer received several grants of restricted stock units (RSUs) as dividend equivalency payments tied to previously issued RSUs. These derivative awards cover 2, 18, 60, and 91 RSUs, each corresponding on a one-for-one basis to shares of common stock at an exercise price of $0.

The RSUs vest over time on the same dates and under the same terms as the underlying RSU awards, which vest either in thirds or quarters annually beginning one year from their respective grant dates. Following these transactions, the officer beneficially owned 469, 3,724, 12,275, and 18,581 derivative securities in the respective RSU lines, all held directly.

Yum China Holdings, Inc. Chief Technology Officer reported several small grants of restricted stock units (RSUs) on 12/23/2025. These RSUs are described as dividend equivalency payments tied to previously issued RSUs, meaning they are additional units granted in connection with dividends on existing awards.

Each RSU converts into one share of common stock, and the grants carry a price of $0. The new RSUs follow the vesting schedules of the underlying awards, including installments such as 1/4 per year starting one year from grant, 50% on the second anniversary and 50% on the third, and 1/3 per year starting one year from grant. After these awards, the reporting person holds multiple blocks of RSUs directly, with examples of resulting holdings shown as 686, 1,683, 2,002, 6,137, and 7,432 units.

Yum China Holdings, Inc. reported an insider equity award for its Chief Supply Chain Officer on a Form 4. On 12/23/2025, the officer received several grants of Restricted Stock Units (RSUs) as dividend equivalency payments tied to previously issued RSUs, all convertible into common stock on a one-for-one basis with no exercise price.

The new RSU dividend-equivalent units follow the same vesting schedules as the underlying awards: some vest 1/4 per year starting one year from grant, others vest 50% on the second anniversary and 50% on the third, and others vest 1/3 per year starting one year from grant. After these transactions, the officer holds RSU positions of 311, 2,525, 1,717, 6,137, and 9,024 units under the respective grant structures.

Yum China Holdings, Inc. reported that an officer serving as Controller and PAO received multiple small grants of dividend-equivalent restricted stock units on 12/23/2025. These derivative awards convert into common stock on a one-for-one basis and were issued at a price of $0 per unit.

The new grants consist of restricted stock units in amounts of 1, 6, 4, 14 and 18 units, each linked to previously granted restricted stock units. The new units will vest on the same schedule and under the same terms as the underlying awards, including vesting patterns of 1/4 per year, 1/3 per year, and 50% on the second anniversary with the remaining 50% on the third anniversary of the original grant date. These awards increase the officer’s existing restricted stock unit holdings but do not involve any cash exercise price.

Yum China Holdings (YUMC) reported an insider transaction by its Chief Technology Officer. On 12/11/2025, the officer exercised a stock appreciation right tied to 13,876 shares of common stock at an exercise price of $21.06 per share, receiving those shares. On the same day, the officer sold 7,689 shares of common stock in market transactions at a weighted average price of $47.22 per share, with trades executed between $47.22 and $47.23.

After these transactions, the officer directly held 52,075 shares of Yum China common stock. The stock appreciation right related to 13,876 shares was fully vested and, following the exercise, no derivative securities of that grant remained outstanding.

Yum China Holdings, Inc. reported insider equity transactions by its Chief Supply Chain Officer on a Form 4. On 11/24/2025, the officer exercised a stock appreciation right at an exercise price of $21.06, acquiring 8,708 shares of common stock. That same day, the officer sold 4,888 shares of common stock at $48.10 and an additional 3,820 shares at $48.02.

After these transactions, the officer directly beneficially owned 18,690 shares of Yum China common stock. The stock appreciation right referenced in the filing, covering 8,708 underlying shares of common stock, is shown as fully vested and has a zero remaining balance following the exercise.

Yum China Holdings (YUMC) reported an insider equity transaction by its General Manager of KFC. On 11/24/2025, the officer exercised a stock appreciation right with a conversion price of $21.06, resulting in the acquisition of 14,513 shares of common stock.

That same day, the officer sold 8,187 shares of common stock at $48.28 per share and an additional 6,326 shares at $48.32 per share. After these transactions, the officer directly owned 40,521 shares of Yum China common stock. The filing is made for a single reporting person on Form 4.

Yum China Holdings, Inc. (YUMC) reported an insider equity transaction by its General Manager, Pizza Hut, on 11/20/2025.

The officer exercised a stock appreciation right covering 9,251 shares of common stock at an exercise price of $21.06 per share, which had vested in full. On the same date, the insider reported dispositions of common stock totaling 9,251 shares, including 4,084 shares at $47.71 per share and 5,167 shares at $48 per share.

Following these transactions, the reporting person held 56,602 shares of Yum China common stock with direct ownership.

Yum China Holdings, Inc. (YUMC) reported an insider transaction by a director. On 11/06/2025, the reporting person acquired 174 shares of common stock at a price of $0.

Following this transaction, beneficial ownership is 3,036 shares, held indirectly through a controlled corporation. The filing indicates a single reporting person and the director relationship to the issuer.

Yum China Holdings insider grant details: Adrian Ding, identified as Chief Financial Officer and a director, reported acquisitions of Restricted Stock Units (RSUs) on 09/23/2025. The Form 4 shows six separate RSU accruals totaling 170 RSUs received as dividend-equivalency payments tied to previously issued RSUs and issued at a $0 price. Each tranche vests on the same schedule as the underlying awards (various schedules: annual 1/4 vesting, 50%/50% on years two and three, or 1/3 per year), and the newly reported units convert one-for-one into common shares with no expiration. The report was signed under power of attorney on 09/25/2025.

Joey Wat, Chief Executive Officer and Director of Yum China Holdings, Inc. (YUMC) received restricted stock units (RSUs) as dividend-equivalency payments on 09/23/2025. The filing reports four RSU issuances totaling 1,279 units (38, 160, 489 and 592 units). Conversion is on a one-for-one basis into common stock and the reported price per share is $0. Each grant is tied to the vesting schedule of the underlying RSUs (one grant vests 1/4 per year; others vest 1/3 per year) and the grants have no expiration date. The form was signed by power of attorney on 09/25/2025.

Yum China Holdings insider filing: Chief Supply Chain Officer Duoduo (Howard) Huang acquired dividend-equivalent Restricted Stock Units on 09/23/2025 as reported on Form 4. The filing lists five separate credit events for Restricted Stock Units totaling 1, 14, 9, 34 and 50 units respectively; each converts one-for-one into common stock when vested. The filing shows the beneficiary share tallies following each grant as 310, 2,513, 1,709, 6,107 and 8,980 shares respectively. The units are dividend-equivalency payments tied to previously issued RSUs and vest on the same schedules as their underlying grants, with various vesting schedules described and no expiration date for the grants.

Lu Xueling, identified as an officer and Controller and PAO of Yum China Holdings (YUMC), received multiple dividend-equivalent Restricted Stock Units (RSUs) on 09/23/2025. The grant comprises increments of 1, 7, 5, 15, and 20 RSUs that convert one-for-one into common stock and have no expiration. The units are dividend equivalents tied to previously issued RSUs and vest according to the schedules of those underlying awards: some vest 1/4 per year beginning one year from grant, others vest 1/3 per year or 50%/50% on the second and third anniversaries. The Form 4 reports the number of shares beneficially owned after each issuance, showing holdings of 308; 1,253; 925; 2,833; and 3,697 shares respectively for each reported line.

Leila Zhang, Chief Technology Officer of Yum China Holdings (YUMC), acquired multiple restricted stock units (RSUs) on 09/23/2025 as reported on Form 4. The filing shows five RSU awards acquired as dividend-equivalency payments with conversion on a one-for-one basis into common stock. Quantities reported for the acquisitions are 3, 9, 11, 34, and 41 RSUs, each converting to common stock units at no cash price. The filing reports the beneficial ownership totals following the transactions as 683, 1,675, 1,993, 6,107, and 7,396 shares respectively. The RSUs have no expiration date and vest according to the terms of the underlying awards as described in the footnotes. The Form 4 was signed by Power of Attorney Pingping Liu on 09/25/2025.

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.

Yum China Holdings insider grant: Jeff Kuai, General Manager of Pizza Hut and an officer of Yum China Holdings (YUMC), received dividend-equivalent Restricted Stock Units (RSUs) reported on 09/23/2025. The filing lists five RSU issuances of 4, 4, 16, 51, and 71 units, each converting one-for-one to common stock with a $0 price. After these grants, the amounts of common stock beneficially owned following the transactions are reported as 784, 834, 2,851, 9,162, and 12,679 shares respectively. The RSUs follow the vesting schedules of the underlying grants (various 1/4 per year, 1/3 per year, or 50%/50% arrangements). The form is signed by a power of attorney on 09/25/2025.

Wang Warton, General Manager, KFC at Yum China Holdings (YUMC), reported acquisitions of restricted stock units on 09/23/2025. The filing shows dividend-equivalency Restricted Stock Units (RSUs) awarded that convert one-for-one into common stock and carry a $0 price. Reported RSU amounts: 2, 20, 68, and 103 units, corresponding to post-transaction beneficial ownership figures of 467, 3,706, 12,215, and 18,490 shares respectively. Two groups of units vest on the same schedule as the underlying RSUs: some vest 1/4 per year beginning one year from the grant date; others vest 1/3 per year beginning one year from the grant date. The granted units have no expiration date. The Form 4 was signed by Power of Attorney Pingping Liu on 09/25/2025.

Yum China insider award details and resulting holdings. The company's Chief People Officer received multiple dividend-equivalent Restricted Stock Units (RSUs) that convert one-for-one into common shares. The reported transactions on 09/23/2025 show grants of 2, 4, 7, 17 and 29 RSUs (totaling 59 RSUs) that convert into the same number of common shares at $0 price. After these awards the reporting person beneficially owns reported increments of 355, 795, 1,295, 3,053 and 5,282 shares tied to the respective underlying RSU grants. The dividend-equivalent RSUs vest on the same schedule as the underlying RSUs (either 1/4 per year or 1/3 per year depending on the grant) and have no expiration date.