Wang Warton, General Manager of KFC at Yum China Holdings, Inc., filed a Form 4 on September 21, 2026, reporting the acquisition of Restricted Stock Units as dividend equivalency payments on September 17, 2026.

Key Highlights

  • Reporting person: Wang Warton, identified as General Manager, KFC at Yum China Holdings, Inc. (NYSE:YUMC)
  • Three RSU grants: 44, 88, and 147 Restricted Stock Units were acquired on September 17, 2026, each at a price of $0
  • Nature of grants: All three grants represent dividend equivalency payments on previously issued Restricted Stock Units, according to the filing
  • Post-transaction holdings: Following the transactions, Wang Warton beneficially owns 6,348, 12,691, and 21,111 RSUs respectively, all held directly
  • Vesting terms: The acquired units vest on the same date and under the same terms as the underlying RSUs to which they relate, which vest 1/3 per year beginning one year from the grant date
  • No expiration date: According to the filing, these grants do not carry an expiration date

Wang Warton RSU Dividend Equivalency Awards at Yum China

According to the Form 4 filed with the U.S. Securities and Exchange Commission on September 21, 2026, Wang Warton, serving as General Manager of KFC at Yum China Holdings, Inc. (NYSE:YUMC), acquired three tranches of Restricted Stock Units on September 17, 2026. Each acquisition was coded as an "A" (acquired) transaction in Table II of the filing, covering derivative securities.

The filing states that each of the three RSU grants, covering 44, 88, and 147 units respectively, represents 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." Each new grant carries a price of $0 and converts to common stock on a one-for-one basis. The filing specifies that the reported units "shall vest on the same date and under the same terms as the underlying Restricted Stock Units with respect of which these dividend equivalency units vest."

Following the three reported transactions, the filing discloses that Wang Warton directly holds 6,348, 12,691, and 21,111 RSUs, respectively, across the three separate grant lines. None of the grants carry an expiration date, per the filing's explanation of responses. The Form 4 was signed by Pingping Liu under a power of attorney on September 21, 2026.

What Was Disclosed

Wang Warton, General Manager of KFC at Yum China Holdings, Inc., reported the acquisition of three tranches of Restricted Stock Units totaling 279 units on September 17, 2026, each representing dividend equivalency payments on previously granted RSUs, all at a $0 price.