LIU Pingping 4

4 · Yum China Holdings, Inc. · Filed Mar 27, 2026

AI-generated summary of this filing

Updated Mar 27, 2026

Yum China (YUMC) CLO Liu Pingping Receives 67 RSU Awards

What Happened

Liu Pingping, Chief Legal Officer of Yum China Holdings, was granted a total of 67 derivative units (1 + 7 + 20 + 39) on 2026-03-25 as awards/awarded dividend-equivalent Restricted Stock Units (RSUs). Each unit was reported at $0.00 (no cash purchase); total reported value $0. These are derivative awards, not open-market purchases or sales.

Key Details

Transaction date: 2026-03-25. Form 4 filed: 2026-03-27 (accession 0001673358-26-000063) — filed within the standard two business days.
Reported amounts: 1, 7, 20 and 39 units (total 67 units); reported price $0.00; total cash value reported $0.
Shares owned after transaction: not specified in the provided data.
Footnotes:
- F1: Units convert one-for-one into common shares.
- F2/F4: These units are dividend-equivalent RSUs tied to previously issued RSUs and vest on the same schedule as those underlying RSUs (some vest 1/4 per year, others 1/3 per year).
- F3: This grant has no expiration date.
Transaction code: A = Award/Grant (derivative).

Context

These awards are dividend-equivalent RSU units (derivatives) that will convert to common shares on a one-for-one basis and vest according to the schedules of the underlying RSUs. Such grants are part of executive compensation and are not the same as purchases or insider sales; they do not by themselves indicate a buy/sell signal.

Form 4

Period: 2026-03-25

Chief Legal Officer

Transactions

Award
Restricted Stock Unit
[F1][F2][F3]
2026-03-25+1→ 265 total
→ Common Stock (1 underlying)
Award
Restricted Stock Unit
[F1][F4][F3]
2026-03-25+7→ 1,340 total
→ Common Stock (7 underlying)
Award
Restricted Stock Unit
[F1][F4][F3]
2026-03-25+20→ 3,577 total
→ Common Stock (20 underlying)
Award
Restricted Stock Unit
[F1][F4][F3]
2026-03-25+39→ 6,942 total
→ Common Stock (39 underlying)

Footnotes (4)

[F1]Conversion occurs on a one-for-one basis.
[F2]These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 1/4 per year beginning one year from the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.
[F3]This grant does not have an expiration date.
[F4]These units represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 1/3 per year beginning one year from the grant date. The Restricted Stock Units reported herein shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest.

Signature

/s/ Pingping Liu|2026-03-27

1 file