Vesting of awards under the Long Term Incentive Plan Hong Kong, Shanghai & Florham Park, NJ - Tuesday
Tuesday, October 24, 2023 1 min read
Key Takeaway: HUTCHMED (China) Limited has announced the vesting of non-performance based awards under its Long Term Incentive Plan, dated October 20, 2023. Key managerial personnel, including executive and non-executive directors, received American depositary shares as part of this plan. The notification fulfills requirements under the UK Market Abuse Regulation, illustrating the company's adherence to regulatory standards in executive compensation.
Market Sentiment Analysis
POSITIVE FACTORS
Non-performance based awards have been successfully vested.
This indicates a commitment to aligning executive compensation with company performance.
Involves several key managerial personnel which suggests a strong leadership team.
Full Press Release Details
Vesting of awards under the Long Term Incentive Plan
Hong Kong, Shanghai & Florham Park, NJ - Tuesday, October 24, 2023: 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 October 20, 2021 to the following persons discharging managerial responsibilities were vested on October 20, 2023:-
Award Holder
Number of American depositary shares ("ADS")
Mr Simon To (Executive Director)
1,938 (1)
Dr Dan Eldar (Non-executive Director ("NED"))
1,938
Ms Edith Shih (NED)
1,938 (2)
Mr Paul Carter (Independent Non-executive Director ("INED"))
1,647 (3)
Mr Graeme Jack (INED)
1,938
Professor Tony Mok (INED)
1,938
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 October 20, 2021 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,938 ADS
d)
Aggregated information - Aggregated volume - Price
N/A
e)
Date of the transaction
2023-10-20
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 October 20, 2021 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,647 ADS
d)
Aggregated information - Aggregated volume - Price
N/A
e)
Date of the transaction
2023-10-20
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 October 20, 2021 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,938 ADS
d)
Aggregated information - Aggregated volume - Price
N/A
e)
Date of the transaction
2023-10-20
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 October 20, 2021 under HUTCHMED's LTIP
c)
Price(s) and volume(s)
Price(s)
Volume(s)
Nil
1,938 ADS
d)
Aggregated information - Aggregated volume - Price