Samsonite proposes share award grant exceeding individual threshold

Samsonite Group S.A. (HKEX:1910) announced plans to grant Restricted Share Units (RSUs) to CEO Kyle Francis Gendreau under its Share Award Scheme, exceeding the 0.1% individual threshold, requiring shareholder approval. The proposed 2025 RSU grant has an aggregate target LTIP Value of US$7,316,350, based on 500% of Gendreau's US$1,463,270 base salary, split evenly between Performance RSUs (PRSUs) and Time-based RSUs (TRSUs). Shareholders will vote on the proposal at the Annual General Meeting on June 3, 2025, with key insiders abstaining. If approved, the maximum number of shares underlying the RSUs will be 7,762,266. The board, excluding Gendreau, recommends shareholders vote in favor of the grant.