SAMSONITE Issues Restricted Share Units and Long-Term Cash Awards

The board of SAMSONITE (ASX: 01910) has announced the granting of awards under its share incentive scheme.

On June 9, 2026, the company granted 2,072,200 annual restricted share units and 2,615,400 special one-time time-based restricted share units to Mr. Gendreau under the plan, subject to acceptance.

Additionally, the company granted 2,905,300 annual restricted share units and 2,104,500 special one-time time-based restricted share units to certain other senior executives, also subject to their acceptance.

The company has also provided a long-term cash bonus opportunity to a number of group employees.

This long-term cash award entitles the recipient to receive a target cash amount, provided it vests in three equal installments over a three-year period.

The purpose of the long-term cash award is to aid in retaining these employees, as the award vests over time and the payment of the target amount is guaranteed.

Furthermore, to incentivize future performance, the award allows recipients to share in the benefits of business growth if the share price increases during the three-year vesting period.

Should certain share price targets be met, the amount payable to recipients under the long-term cash award will increase accordingly, up to a maximum of 150% of the target amount.

Utilizing long-term cash awards in place of further grants under the share incentive scheme enables the company to offer long-term incentives to certain key employees while managing the maximum potential equity dilution resulting from all awards granted under the plan in 2026.