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Yum China Awards Equity Retainers to Non-Employee Directors Under 2022 LTIP

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The latest update is out from Yum China Holdings ( (YUMC) ).

Yum China has granted 73,612 shares of common stock to its non-employee directors as annual retainers for service from June 1, 2026, to May 31, 2027, under its 2022 Long Term Incentive Plan, with each director able to receive up to half of the retainer in cash. The equity awards, which carry a 12-month minimum holding period following a director’s departure, are intended to strengthen alignment with shareholders while leaving 23,623,993 shares available for future grants under the plan, underscoring the company’s continued reliance on stock-based governance incentives.

The grants include additional stock retainers for the board chair, committee chairpersons, and committee members, and are not subject to performance targets given their nature as director fees. The compensation committee views the structure and terms of these awards, including clawback applicability under future policies, as consistent with the objectives of the 2022 plan and supportive of Yum China’s long-term governance framework.

More about Yum China Holdings

Yum China Holdings, Inc. operates a portfolio of quick-service and casual dining restaurant brands in China and is listed in both the United States and Hong Kong. The company uses equity-based compensation, including long-term incentive plans, to align directors’ and executives’ interests with those of shareholders in its core foodservice business.

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