HomeNewsMacauWynn Macau grants shares to 151 employees and one executive director

Wynn Macau grants shares to 151 employees and one executive director

March 25, 2024

Macau gaming operator Wynn Macau has granted 151 employees and executive director Frederic Jean-Luc Luvisutto the option to subscribe for an aggregate of 6,977,787 ordinary shares of HK$0.001 each.

The granted shares represent approximately 0.13 percent of the issued share capital of Wynn Macau as of the date of this announcement, subject to acceptance by the selected participants.

The firm’s Executive Director, Frederic Jean-Luc Luvisutto, was granted 2,365,896 shares, while the closing price per share on the date of the grant is HK$7.05.

The awards granted to the Executive Director and two selected participants shall be vested with certain performance targets, while the awards granted to the other 149 selected participants will vest on January 31, 2027, and are not subject to performance targets.

Viviana Chan https://agbrief.com/

Viviana Chan is an editor, interpreter, and journalist. With over a decade of experience, she writes in English, Chinese, and Portuguese. Viviana started her career in Macau-based newspapers, where she became passionate about the region's social, financial, and cultural development. Her writing focuses on the economy, emerging industries, gaming development, political affairs, and cross cultural-exchange in the business and cultural domains. She is avid for news and eager to discover and cover stories that generate public relevance.