Ding Adrian 4

What Happened Adrian Ding, Chief Financial Officer of Yum China Holdings (YUMC), converted 3,063 derivative awards into 3,063 common shares on May 2, 2026. To cover tax withholding, 1,379 of those shares were surrendered at $48.80 each (total value $67,295). The net result was an increase of 1,684 shares held by Ding (3,063 acquired − 1,379 withheld).

Key Details

• Transaction date: May 2, 2026; Form 4 filed May 5, 2026.
• Conversion/Exercise: 3,063 derivative awards converted into 3,063 common shares (transaction code M).
• Tax withholding: 1,379 shares disposed to cover taxes at $48.80/share, totaling $67,295 (transaction code F).
• Net shares added: 1,684 shares.
• Footnotes from the filing:
  • F1: Conversion is one-for-one.
  • F2: Vesting occurs 1/3 per year beginning one year from 5/2/2025.
  • F3: This grant has no expiration date.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• The $0 acquisition price and one-for-one conversion indicate these were vested awards/RSU-like instruments converted into common shares rather than purchases on the open market.
• The withholding of 1,379 shares to satisfy tax obligations is a common, administrative step and does not necessarily indicate market sentiment.
• This was primarily a conversion/receipt of shares with a routine tax-withholding disposition, resulting in a net increase in the insider’s holdings.