Meituan (official name: Meituan, a WVR-controlled company incorporated in the Cayman Islands) disclosed that its Board granted 13.51 million restricted share units (RSUs) on 15 July 2026 under the Post-IPO Share Award Scheme. Based on the market price of HK$83.40 per Class B share on the grant date, the RSU package is valued at approximately HK$1.13 billion.
Of the total allotment, 13.42 million RSUs were allocated to employees across the Group, while 47,045 RSUs each were awarded to independent non-executive directors (INEDs) Ms. Yang Marjorie Mun Tak and Mr. Yiu Kin Wah Stephen. No purchase price is payable by the grantees.
Vesting terms differ by recipient category: • Employees – first tranche vests within 12 months, with total vesting periods ranging from 20 to 47 months. • INEDs – 8.33% of the award vests quarterly from 30 September 2026 to 30 June 2029, resulting in a 35-month schedule. The awards carry no performance conditions; vesting is strictly time-based.
Corporate governance safeguards include: • Independent non-executive directors (other than the respective grantee) approved the INED awards, keeping within the 0.1% share-issue cap for any single INED over a 12-month period. • No individual grantee exceeds the 1% individual limit set by Hong Kong Listing Rule 17.03D. • Shareholder approval is not required for this grant.
A claw-back mechanism allows immediate lapse of unvested RSUs and recovery of realised proceeds or shares if a grantee commits a criminal offence, breaches grant covenants, or triggers other specified events.
Post-grant, 349.26 million underlying shares remain available under the overall Scheme Limit, with 62.12 million shares still unused under the Service Provider Sublimit.
The Board states that the RSU issuance aims to align management and employee incentives with shareholder interests and to support talent retention and long-term Group growth.
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