Ding Adrian 4

What Happened
Adrian Ding, Chief Financial Officer of Yum China Holdings, was granted four derivative awards on 2026-06-17 totaling 232 restricted stock units (21 + 43 + 41 + 127 = 232). All items are reported as awards/grants (code A) with a reported acquisition price of $0 (derivative interests—dividend-equivalency RSUs).

Key Details

• Transaction date: 2026-06-17; filing date: 2026-06-22 (filed 5 days after the transactions; Form 4s are normally due within two business days, so this appears late).
• Grants: 21, 43, 41, and 127 RSU units (total 232); reported price per unit $0; total reported value $0.
• Nature: These are dividend-equivalency units tied to previously granted RSUs (derivative awards).
• Vesting/Conversion: Units convert one-for-one to common shares (F1) and will vest on the same dates and under the same terms as the underlying RSUs—vesting 1/3 per year beginning one year from the original grant date (F2).
• Expiration: The grant does not have an expiration date (F3).
• Shares owned after transaction: Not specified in the provided filing details.

Context
These grants are not open-market purchases or sales; they are dividend-equivalent RSU awards that involve no cash outlay by the insider at grant and will convert to shares only as they vest. Such awards are common as compensation and do not, by themselves, signal buying or selling intent.