Adrian Ding, Chief Financial Officer of Yum China Holdings, Inc., filed a Form 4 on September 21, 2026, reporting the acquisition of restricted stock units as dividend equivalency payments on previously issued awards, with transactions dated September 17, 2026.

Key Highlights

  • Reporting person: Adrian Ding, Chief Financial Officer of Yum China Holdings, Inc. (NYSE:YUMC)
  • Four RSU acquisitions: 22, 45, 43, and 134 restricted stock units were acquired on September 17, 2026, each at a price of $0
  • Total RSUs acquired: 244 restricted stock units across the four reported transactions
  • Nature of awards: Units represent dividend equivalency payments on previously issued restricted stock units, vesting 1/3 per year beginning one year from the original grant date
  • Post-transaction holdings: Ding directly holds 3,176, 6,527, 6,302, and 19,350 RSUs following each respective transaction, all held directly
  • No expiration date: According to the filing, these grants do not have an expiration date

Yum China CFO Reports Four RSU Dividend Equivalency Grants

According to the Form 4 filed with the SEC on September 21, 2026, Adrian Ding, the Chief Financial Officer of Yum China Holdings, Inc., acquired restricted stock units through four separate transactions, all dated September 17, 2026. Each transaction carried a derivative security price of $0, and conversion occurs on a one-for-one basis into common stock, as the filing states.

The filing explains that these restricted stock units "represent Restricted Stock Units issuable to the Reporting Person as a dividend equivalency payment with respect to Restricted Stock Units previously issued to the Reporting Person which vest 1/3 per year beginning one year from the grant date." The newly reported units will vest on the same date and under the same terms as the underlying restricted stock units to which they relate. The filing notes that these grants do not carry an expiration date. All four positions are held directly by the reporting person.

Following the four transactions, Ding's directly held RSU balances stand at 3,176, 6,527, 6,302, and 19,350 units, respectively, as reported in Table II of the filing. The form was signed by Pingping Liu under a power of attorney on September 21, 2026.

What Was Disclosed

The filing discloses four acquisitions of dividend equivalent restricted stock units by Yum China's CFO on September 17, 2026, totaling 244 units at $0 price, with vesting tied to the terms of previously granted underlying restricted stock units.