Ding Adrian 4

What Happened
Adrian Ding, Chief Financial Officer of Yum China Holdings (YUMC), was granted a series of derivative awards on March 25, 2026. The filing reports four grants totaling 212 units: 17, 36, 52, and 107 units, each issued at $0.00 as derivative Restricted Stock Units (RSU) / dividend-equivalent units. These are awards (not open-market purchases or sales) and do not require cash from the insider at grant.

Key Details

• Transaction date: 2026-03-25; Form 4 filed 2026-03-27 (filed within the standard two-business-day window).
• Grants: 17, 36, 52, and 107 derivative units (total 212); reported price $0.00 (derivative awards).
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnotes in the filing:
  • F1: Conversion occurs on a one-for-one basis (each unit converts to one underlying share).
  • F2: These units are RSU dividend-equivalency payments tied to previously issued RSUs and vest 1/3 per year beginning one year from the grant date; these units vest on the same schedule as the underlying RSUs.
  • F3: The grant has no expiration date.
• Nature of transaction: Award/grant of derivative RSUs — not an immediate stock sale or purchase.

Context

• These are derivative RSU awards (dividend equivalents) that will convert one-for-one into ordinary shares when vested — they do not represent immediately tradable shares.
• Such awards are typically compensation-related and do not, by themselves, signal a buy/sell decision by the insider.