Summary by Moomoo AI
Standard Chartered Group Limited (“Standard Chartered”) announced on March 12, 2024 that it has granted a total of 2,315,422 conditional shares to eligible employees under the 2021 Standard Chartered Share Plan to receive ordinary shares of $0.50 per share in the Company's common stock. The award includes the granting of 616,378 shares to CEO Bill Winters and the granting of 404,062 shares to Diego De Giorgi, both directors of the company. The award will be prorated over a period of 3 to 7 years and is limited to a retention period of at least 12 months. The allocation will be based on performance measures for the first 3 years after the award, including relative total return to shareholders, tangible return on equity and strategic indicators. The Company's shares were issued at a closing price of £6.70 on the London Stock Exchange on the day of issue.