Techtronic Industries Announces Employee Share Grants

Techtronic Industries (HK:0669) has released an update.

Techtronic Industries Company Limited has announced the grant of 150,000 share options and 250,000 share awards to an employee, both vesting over three years from the date of grant, 30 September 2024. The options have an exercise price equal to the share’s closing price on the grant date with no financial assistance provided for exercising them and are not subject to performance targets. Additionally, a clawback mechanism is in place for the options under certain circumstances, such as financial misstatements or employee misconduct.

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