DING Jerry 4

What Happened

• Jerry Ding, Chief People Officer of Yum China (YUMC), received a grant of 6,903 derivative shares (reported as a 2/6/2026 award) and converted/exercised 1,512 derivative units into common shares on 2/8/2026. Of the converted shares, 323 were withheld to cover tax withholding at $57.95 per share, totaling $18,718. The award and conversions were reported with $0.00 per-share acquisition price (typical for RSU-type awards or stock-settled conversions).

Key Details

• Transaction dates and prices:
  • 2026-02-06: Grant/award of 6,903 derivative shares @ $0.00 (acquired).
  • 2026-02-08: Conversion/exercise of 1,512 derivative units into 1,512 shares @ $0.00 (acquired/derivative conversion).
  • 2026-02-08: 323 shares withheld to satisfy tax withholding @ $57.95 = $18,718 (disposed for tax).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Relevant footnotes:
  • F1: Conversion is on a one-for-one basis (each derivative unit converts to one common share).
  • F2/F4: Vesting schedules noted — one set vests 1/3 per year beginning 2/8/2024; the new grant vests 1/3 per year beginning 2/6/2026.
  • F3: The grant has no expiration date.
• Timeliness: Form 4 was filed on 2026-02-10 covering transactions on 2/6 and 2/8/2026; filing appears timely under the two-business-day rule.

Context

• These transactions reflect a typical award and settlement pattern for equity compensation: a grant of derivative awards (likely RSUs) and the conversion/settlement of vested units into shares, with a portion withheld to cover taxes. The 323-share disposition was a tax withholding, not an open-market sale, and does not necessarily signal a view on company prospects.