Wat Joey 4

What Happened Joey Wat, CEO of Yum China (YUMC), was granted a total of 1,141 restricted stock unit (RSU) dividend-equivalent units in three award entries on 2026-03-25: 251, 402 and 488 units. Each award is recorded at $0.00 per unit (no cash paid) and reported as derivative awards (transaction code A). These are not open-market purchases or sales but compensation-related equity awards.

Key Details

• Transaction date(s): 2026-03-25; Filing date: 2026-03-27 (Form 4 filed timely).
• Awards: 251 RSUs, 402 RSUs, and 488 RSUs — total 1,141 units; reported price $0.00 (derivative awards).
• Shares owned after transaction: not specified in the filing.
• Footnotes:
  • F1: Conversion occurs on a one-for-one basis.
  • 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.
• Transaction code: A = Award/Grant (derivative units).

Context These awards are compensation-related RSU dividend-equivalents tied to underlying RSUs and generally reflect standard equity compensation rather than an overt buy/sell signal. For retail investors, awards indicate dilution potential over time as units vest and convert to shares, but they do not represent an immediate cash transaction or market sale.