Techtronic Industries (HK:0669) has released an update.
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Techtronic Industries Company Limited has announced the grant of 400,000 share options to CEO Steven Philip Richman, with an exercise price of HK$103.40 per share, matching the closing share price on the date of grant. These options will vest over three years and are not subject to performance targets, as they are designed to align the CEO’s interests with long-term company growth and have a clawback mechanism for misconduct or financial restatements.
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