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Bank of East Asia Grants 6.6 Million Performance-Linked Share Options

Story Highlights
  • Bank of East Asia granted 6.6 million staff share options at HK$13.90 per share under its 2021 scheme.
  • Options vest in tranches with strict performance, risk, forfeiture and clawback conditions to align pay with risk.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Bank of East Asia Grants 6.6 Million Performance-Linked Share Options

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Bank of East Asia ( (HK:0023) ) has provided an update.

The Bank of East Asia has granted 6,635,556 share options under its 2021 Staff Share Option Scheme to certain eligible employees, with an exercise price set at HK$13.90 per share, matching the market closing price on the grant date. The options vest in three tranches between 2027 and 2029 and are subject to stringent performance thresholds, risk-based conditions, and potential forfeiture or clawback in cases of poor subsequent profitability, misstated data, or misconduct, underscoring the bank’s emphasis on disciplined, performance-linked remuneration and risk control.

The most recent analyst rating on (HK:0023) stock is a Hold with a HK$16.00 price target. To see the full list of analyst forecasts on Bank of East Asia stock, see the HK:0023 Stock Forecast page.

More about Bank of East Asia

The Bank of East Asia, Limited is a Hong Kong-incorporated bank founded in 1918 that provides a broad range of banking and financial services. Listed on the Hong Kong Stock Exchange, it operates through a group structure focused on retail and corporate banking, serving customers in Hong Kong and selected regional markets.

Average Trading Volume: 1,898,886

Technical Sentiment Signal: Buy

Current Market Cap: HK$36.41B

For detailed information about 0023 stock, go to TipRanks’ Stock Analysis page.

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