Alibaba Group Holding Ltd. (HK:9988) has released an update.
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Alibaba Group Holding Ltd. announced the grant of awards totaling 2,493,400 shares to selected employees under their 2024 Plan, representing about 0.01% of total shares. These shares, awarded at no purchase price, come with a four-year vesting period, although some may vest earlier due to administrative reasons. Investors should note that these awards carry no performance targets and include a clawback mechanism in case of certain conditions.
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