Zhang Leila 4

What Happened

• Zhang Leila, Chief Technology Officer of Yum China Holdings, received three awards on 2026-03-25 totaling 84 derivative units (39 + 28 + 17). Each grant was reported at $0.00 (these are restricted stock unit-type awards, not open-market purchases). The filing lists these as derivative awards rather than outright share purchases or sales.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (timely filing).
• Amounts: 39, 28, and 17 units (total 84 units) at $0.00 per unit (derivative awards).
• Shares owned after transaction: not specified in the provided data.
• Footnotes:
  • F1: Conversion is one-for-one (units convert to one share each).
  • F2: These units are dividend-equivalency RSUs tied to previously issued RSUs; they vest on the same schedule as the underlying RSUs (1/3 per year beginning one year from the grant date).
  • F3: This grant has no expiration date.
• No indication this was a sale, gift, or option exercise; it is a compensation award.

Context

• These are restricted stock unit (RSU) style awards (dividend equivalents) that vest in the future; they do not represent an immediate cash transaction or open-market trade.
• Such awards are routine compensation for insiders and should not be interpreted as an immediate bullish or bearish market signal.