Meituan grants 6.2m share units to staff

Meituan granted 6,179,071 restricted share units under its employee share scheme, with 6,174,240 going to staff and 4,831 to service providers.

The shares were granted at no cost, with a market price of HK$130.1 per share on the grant date, valuing the total allocation at approximately HK$804 million.

Employee shares vest over 33 to 48 months, while service provider units vest over 13 months. The vesting is time-based with no performance targets attached.