Wynn Macau announced the grant of awards under its Employee Ownership Scheme on May 2nd, 2025, benefiting 424 employees of the group.
This initiative allows the Selected Participants to subscribe to a total of 424,000 ordinary shares, representing approximately 0.008 percent of the company’s issued share capital.
The awards have been granted at no purchase price, with the closing price per share set at HK$5.29 ($0.68) on the grant date. The vesting period is structured so that 50 percent of the awards will vest on May 2nd, 2028, and the remaining 50 percent on May 2nd, 2029.
If these dates do not fall on a business day, they will be adjusted to the next business day. The awards do not include performance targets.
A clawback mechanism is in place, stipulating that if a selected participant’s employment is terminated due to resignation, misconduct, or violations of company policies, their awards will lapse automatically. The Group has not provided any financial assistance to purchase shares under the scheme.
The Employee Ownership Scheme aims to align the interests of participants with the company and its shareholders, motivate employees to enhance the company’s value, and recognize their contributions to long-term growth.
The remuneration committee believes this grant is appropriate and aligns with market practices.
Wynn Resorts is schedule to release its first quarter results on May 6th (Eastern Daylight Time). For FY24, the group’s Macau operations brought in some $3.68 billion, helping to bolster its efforts to continue to grant employees share options.
