Yum China (YUMC) CTO Zhang Leila Receives 106 RSU Award

What Happened

• Zhang Leila, Chief Technology Officer of Yum China (YUMC), was granted three dividend-equivalency restricted stock unit (RSU) awards on 2026-09-17 totaling 106 units (22 + 35 + 49). Each award is reported at $0.00 (no cash paid) and treated as a derivative award tied to underlying RSUs.

Key Details

• Transaction date: 2026-09-17; Filing date: 2026-09-21 (filed within the SEC’s two-business-day window).
• Grants: 22, 35, and 49 RSU dividend-equivalency units; price reported $0.00; total = 106 units.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — units convert 1-for-1 to common shares; F2 — these are dividend-equivalency RSUs that vest on the same schedule as the underlying RSUs (vest 1/3 per year beginning one year from the underlying grant date); F3 — this grant has no expiration date.
• Transaction type code: A = Award/Grant (derivative RSU units).

Context

• These were awards (compensation), not purchases or sales, so they do not signal an immediate buy/sell decision by the insider.
• Dividend-equivalency RSUs are adjustments that mirror dividends on underlying RSUs and vest according to the underlying RSU schedule; once vested and settled, they convert to common shares on a one-for-one basis.