KE Holdings Inc. Sponsored ADR Class A (BEKE) has released an update.
KE Holdings Inc. has announced the grant of 1,377,978 Restricted Share Units (RSUs) to 50 of its employees under the 2020 Share Incentive Plan, which will vest over a period ranging from 36 to 48 months, with no performance targets required for vesting. These grants, which are not subject to shareholder approval, will be satisfied with Class A ordinary shares and do not exceed the 1% share issuance limit per individual grantee over a 12-month period. Following the grants, there are still 176,413,013 awards available for future grants under the plan, which is effective until 2032.
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