China Yuchai (CYD) Director Neo Poh Kiat Exercises Options and Sells Shares

What Happened
Neo Poh Kiat, a director of China Yuchai International Ltd (CYD), exercised 8,000 option shares on August 17, 2026 at $26.03 per share (total cost $208,240) and sold 8,000 common shares the same day in open-market trades for aggregate proceeds of about $365,538 (weighted average sale price $45.69). The filing also records the derivative being converted/settled in connection with the exercise.

Key Details

• Transaction date: August 17, 2026 (reported on Form 4 filed Aug 18, 2026). Filing appears timely.
• Exercise: 8,000 shares at $26.03 each — total cash paid $208,240. (Code M = option exercise/conversion.)
• Sale: 8,000 shares sold in multiple open-market trades; weighted average sale price $45.69; total proceeds ~$365,538. Reported per-share sale prices ranged $45.36–$46.17 (footnote F1).
• Derivative note: a separate derivative-line shows 8,000 shares disposed at $0, indicating the option/derivative was converted/settled on exercise.
• Vesting/option plan (footnote F2): the option covers 50,000 shares. 33% (16,500 shares) became exercisable Aug 9, 2026; further tranches vest Aug 9, 2027 (16,500) and Aug 9, 2028 (17,000) under the 2025 Equity Incentive Plan. The 8,000 exercised are from the currently vested portion.
• Shares owned after the transaction: not specified in the provided filing summary.

Context
Because the shares were exercised and sold the same day, this is effectively a cashless exercise (exercise followed by immediate sale). Such transactions are commonly used to cover exercise costs and any tax withholding; they are routine and do not, by themselves, indicate a change in insider sentiment.