Welcome to our dedicated page for Yum China SEC filings (Ticker: YUMC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Yum China Holdings, Inc. filings document the regulatory record for a dual-listed China restaurant operator whose common stock trades on the NYSE as YUMC and on the Hong Kong Stock Exchange as 9987. Form 8-K reports furnish quarterly and annual operating results, annual results announcements issued under Hong Kong listing rules, investor day materials, share repurchase authorizations and repurchase agreements.
The company’s proxy materials cover board elections, governance practices and stockholder voting matters. Other current reports disclose board composition matters, Regulation FD disclosures, financial exhibits and capital-return actions tied to the company’s restaurant portfolio, including KFC, Pizza Hut, Little Sheep, Huang Ji Huang, Taco Bell and Lavazza.
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. filed a report noting that it has issued its annual results announcement for the year ended December 31, 2025. The announcement was released in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and is available through the Hong Kong exchange disclosure platform.
The company’s common stock trades on the New York Stock Exchange under the symbol YUMC and on The Stock Exchange of Hong Kong Limited under the stock code 9987. The filing itself does not include financial figures and primarily serves to direct investors to the full annual results announcement published in Hong Kong.
Yum China Holdings reports 2025 revenue of $11.8 billion and a network of 18,101 restaurants across more than 2,500 cities in China, led by KFC and Pizza Hut. About 83% of locations are company-operated, with the rest franchised.
The company is executing its “RGM 3.0” strategy to reach 20,000 stores in 2026 and over 30,000 by 2030, expand into up to 4,500 cities, and grow a hybrid equity–franchise model. Delivery contributed roughly 48% of 2025 sales, while digital ordering accounted for about 94% of sales and loyalty programs exceeded 590 million members.
Yum China emphasizes heavy investment in digitalization, AI-enabled operations and supply chain, and a rapidly expanding coffee portfolio via KCOFFEE Cafes and Lavazza. It also highlights significant legal, tax, currency and regulatory risks tied to operating and raising capital in China, including PCAOB inspection, HFCAA exposure and tight rules on cash movement and dividends from Chinese subsidiaries. In 2025, it received around $783 million in dividends from China subsidiaries, upstreamed $1,023 million from Hong Kong entities, paid $353 million in cash dividends, and repurchased $1,136 million of stock.