Kuai Jeff 4

What Happened Jeff Kuai, General Manager of Pizza Hut at Yum China (YUMC), converted/ exercised derivative awards into 4,996 common shares on 2026-02-10 (792 + 4,204). Of those shares, 2,249 were withheld to satisfy tax withholding at $57.12 per share (total value withheld ≈ $128,463). The conversion shows an exercise price of $0.00 (one-for-one conversion), resulting in a net receipt of 2,747 shares (4,996 converted minus 2,249 withheld).

Key Details

• Transaction date: 2026-02-10; Form 4 filed 2026-02-12 (timely filing).
• Converted/ exercised (code M): 792 shares and 4,204 shares at $0.00 (total 4,996).
• Tax withholding (code F): 2,249 shares disposed at $57.12, total ≈ $128,463.
• Net shares received after withholding: 2,747 shares.
• Footnotes: F1 = one-for-one conversion; F2/F4 describe vesting schedules (annual vesting starting 2/10/2022 and 2/10/2025 as applicable); F3 notes the grant has no expiration date.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context This appears to be a standard conversion/settlement of previously granted equity awards (stock-settled awards or similar) with a portion of shares withheld to cover tax obligations — a common, routine insider transaction. The $0.00 exercise price and the one-for-one conversion note indicate these were conversions of awards rather than an open-market purchase. Such withholding for taxes is not the same as a purposeful sale of shares to realize gains.