KE Holdings Inc. (BEKE) announced the grant of 31.87 million restricted share units (RSUs) to 2,327 employees on 1 April 2026, executed under the company’s 2020 Share Incentive Plan.
The awards, which carry no purchase price, equal the same number of Class A ordinary shares. BEKE’s Class A shares closed at HK$38.70 on the grant date. None of the grantees is a director, chief executive, or substantial shareholder.
Vesting schedules vary between 33 and 48 months:
• 31.34 million RSUs vest in 20 % tranches at grant and in four subsequent periods within 45 months. • The remaining 0.53 million RSUs are spread across six smaller schedules ranging from 33 to 48 months, with front-loaded allocations of 50 %–33 % in the first vesting event. • Portions of the grants vest in less than 12 months, which the Compensation Committee deems appropriate to deliver immediate incentive effects while maintaining a four-year phased structure overall.
No performance targets are attached. Claw-back provisions allow the board or Compensation Committee to cancel or recover vested and unvested RSUs if an employee is terminated for cause.
After this issuance, 126.14 million Class A shares remain available for future grants under the 2020 plan, which permits up to 253.25 million shares in total and expires on 11 May 2032.
Management states that the RSU program aligns employee and shareholder interests, recognises past contributions, and supports long-term retention.
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