Vesting of awards under the Long Term Incentive Plan Hong Kong, Shanghai & Florham Park, NJ - Monday
Monday, April 22, 2024 1 min read
Key Takeaway: HUTCHMED (China) Limited announced the vesting of non-performance based awards granted under its Long Term Incentive Plan (LTIP) on April 20, 2024. Noteworthy executives, including those in managerial roles, received substantial allocations of American depositary shares (ADS). This event aligns with regulatory compliance requirements, ensuring transparency in executive compensation. The awards reflect HUTCHMED's ongoing commitment to incentivizing its leadership team.
Market Sentiment Analysis
POSITIVE FACTORS
HUTCHMED has successfully vested awards under its Long Term Incentive Plan.
Notable executives received over 2,000 American depositary shares each, indicating a robust incentive structure.
Compliance with the UK Market Abuse Regulation suggests transparency and adherence to standards.
Full Press Release Details
Vesting of awards under the Long Term Incentive Plan
Hong Kong, Shanghai & Florham Park, NJ - Monday, April 22, 2024: HUTCHMED (China) Limited ("HUTCHMED") (Nasdaq/AIM: HCM; SEHK:13) announces that the non-performance based awards granted under the Long Term Incentive Plan ("LTIP") on April 20, 2020 to the following persons discharging managerial responsibilities were vested on April 20, 2024:-
Award Holder
Number of American depositary shares ("ADS")
Mr Simon To (Executive Director)
2,397 1
Dr Dan Eldar (Non-executive Director ("NED"))
2,397
Ms Edith Shih (NED)
2,397 2
Mr Paul Carter (Independent Non-executive Director ("INED"))
2,038 3
Mr Graeme Jack (INED)
2,397
Professor Tony Mok (INED)
2,397
The notifications set out below are provided in accordance with the requirements of the UK Market Abuse Regulation.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Dr Dan Eldar
2
Reason for the notification
a)
Position/status
Non-Executive Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
HUTCHMED (China) Limited
b)
LEI
2138006X34YDQ6OBYE79
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument Identification code
ADS each representing five Ordinary Shares of US$0.10 ADS ISIN: US44842L1035
b)
Nature of the transaction
Vesting of awards granted on April 20, 2020 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,397 ADS
d)
Aggregated information - Aggregated volume - Price
N/A
e)
Date of the transaction
2024-04-20
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mr Paul Carter
2
Reason for the notification
a)
Position/status
Independent Non-Executive Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
HUTCHMED (China) Limited
b)
LEI
2138006X34YDQ6OBYE79
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument Identification code
ADS each representing five Ordinary Shares of US$0.10 ADS ISIN: US44842L1035
b)
Nature of the transaction
Vesting of awards granted on April 20, 2020 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,038 ADS
d)
Aggregated information - Aggregated volume - Price
N/A
e)
Date of the transaction
2024-04-20
f)
Place of the transaction
Outside a trading venue
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Mr Graeme Jack
2
Reason for the notification
a)
Position/status
Independent Non-Executive Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
HUTCHMED (China) Limited
b)
LEI
2138006X34YDQ6OBYE79
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument Identification code
ADS each representing five Ordinary Shares of US$0.10 ADS ISIN: US44842L1035
b)
Nature of the transaction
Vesting of awards granted on April 20, 2020 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,397 ADS
d)
Aggregated information - Aggregated volume - Price
N/A
e)
Date of the transaction
2024-04-20
f)
Place of the transaction
Outside a trading venue
(d) Professor Tony Mok
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
Professor Tony Mok
2
Reason for the notification
a)
Position/status
Independent Non-Executive Director
b)
Initial notification/Amendment
Initial notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
HUTCHMED (China) Limited
b)
LEI
2138006X34YDQ6OBYE79
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument Identification code
ADS each representing five Ordinary Shares of US$0.10 ADS ISIN: US44842L1035
b)
Nature of the transaction
Vesting of awards granted on April 20, 2020 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
2,397 ADS
d)
Aggregated information - Aggregated volume - Price