Summary by Moomoo AI
Samsonite International announced on June 12th, 2024 that restricted stock units have been granted to executive director and CEO Mr. Kyle Francis Gendreau and other senior management, and long-term cash incentives have been awarded to other employees according to the share reward plan. The intention is to motivate and retain key talents and align employee benefits with shareholder interests. The granted restricted stock units will be fully attributable three years after achieving predetermined performance targets, and long-term cash incentives will depend on achieving specific stock price targets. The plan was approved by shareholders at the annual meeting on June 6th, 2024.