Yum China grants employee equity awards, director shares

On November 6, 2025, Yum China Holdings, Inc. granted 4,804 restricted share units (RSUs) to two non-senior management employees of its subsidiaries. These RSUs are contingent on continuing service and achieving performance goals related to store count, sales, and profit between January 1, 2026, and December 31, 2027, with vesting from 0% to 100% of the target shares. Grantees are not required to pay a purchase price.

Separately, Zhe (David) Wei, a member of the food safety and sustainability committee, received 174 shares on the same date. These shares represent stock retainers for his service from September 2025 to May 2026. These director retainers are not subject to performance targets or clawback mechanisms, reflecting his role as a non-executive director.

As of the grant date, the closing price for shares traded on the New York Stock Exchange was $43.08, while on the Hong Kong Stock Exchange it was HK$340.80. A total of 25,365,778 shares remain available for future grants under the 2022 Long Term Incentive Plan.