Alibaba Grants 5,902,553 Share Awards Under 2024 Equity Incentive Plan

Reuters
Yesterday
Alibaba Grants 5,902,553 Share Awards Under 2024 Equity Incentive Plan
  • Alibaba granted restricted share unit awards covering 5,902,553 underlying shares under its 2024 Equity Incentive Plan.
  • The awards have a purchase price of nil and were granted with mixed vesting schedules in batches of up to 4 years.
  • Alibaba reported a closing share price of HKD 123.70 on the grant date.
  • The awards were granted without performance targets and include a clawback mechanism tied to specified events in the award agreements.
  • After the grant, Alibaba said 398,706,291 shares remain available for future grants within the plan’s scheme mandate limit.


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