Standard Chartered ( (GB:STAN) ) has shared an update.
Standard Chartered PLC has announced the grant of 14,536,718 conditional rights over ordinary shares to eligible employees under its 2021 Standard Chartered Share Plan. These deferred share awards are part of the company’s compensation strategy, with vesting periods ranging from 1 to 7 years, depending on the employee’s status and the company’s deferral policy. The awards are subject to malus and clawback provisions for up to 10 years, ensuring alignment with risk and conduct standards. This initiative is designed to maintain competitive hiring practices and align with market norms, while adhering to the company’s share issuance limits.
More about Standard Chartered
Standard Chartered PLC is a leading international banking group, incorporated in England and Wales, focusing on providing a wide range of financial services including retail and corporate banking, wealth management, and investment services. The company operates across various markets globally, with a significant presence in Asia, Africa, and the Middle East.
YTD Price Performance: 27.51%
Average Trading Volume: 4,096
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $36.27B
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