Kuaishou grants HK$552m restricted share units to employees

Kuaishou Technology granted 7.7 million restricted share units to employees on July 21, valued at HK$552 million based on the HK$71.45 closing share price.

The awards under the 2023 share incentive scheme have vesting periods up to 48 months with no performance targets attached. The company retains clawback rights for employee misconduct or confidentiality breaches.