SenseTime Grants 312 Million RSUs to Employees Under 2022 Scheme

Reuters
Jan 02
SenseTime Grants 312 Million RSUs to Employees Under 2022 Scheme

SenseTime Group Inc. has announced the grant of 312,237,629 restricted share units (RSUs) under its 2022 RSU Scheme to employee participants across the Group. As of the announcement date, 327,799,670 Class B Shares remain available for further grant under the scheme’s service provider sublimit. The RSU awards are subject to a clawback mechanism, which can be triggered if a participant is charged with a crime, required to undertake criminal legal responsibility, breaches non-competition or non-solicitation obligations, confidentiality obligations, or is found disparaging the company or its affiliates.

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