Tuya, Inc. Class A (HK:2391) has released an update.
Tuya Inc. has announced the granting of 160,000 Restricted Share Units (RSUs) to six employees under its 2024 Share Scheme, aimed at incentivizing and retaining talent to drive the company’s long-term growth. The RSUs, which will vest over a 48-month period, are available at no purchase cost, with the market price on the grant date set at HK$13.80 per share for the Hong Kong Exchange and US$1.54 per ADS on the NYSE. The grants are part of an effort to bolster employee commitment without imposing performance targets and without requiring shareholder approval.
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