KE Holdings Inc. Sponsored ADR Class A (BEKE) has released an update.
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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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