Genting Singapore (SGX:G13) granted 3.5 million share awards under its performance share scheme on April 14, with the majority allocated to Chief Executive Officer Tan Hee Teck.
Tan received 2.99 million shares based on achieved targets for the year ended December 2024. These shares will vest in the first quarter of 2026, subject to his continued service.
Four independent directors - Tan Wah Yeow, Jonathan Asherson, Hauw Sze Shiung Winston, and Wong Chien Chien - were each granted 125,000 share awards. Vesting is conditional on a one-year service period.
The awards were granted at no cost. The closing share price on the grant date was SG$0.695.
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