Company: HMDCF
Filing Date: 2025-03-19
Form Type: 20-F
Source: 0001410578-25-000377
Chunk: 671

Company: HUTCHMED (China) Ltd
Filing Date: 2025-03-19
Form: 20-F
Item: Item 16K
Chunk 671
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 Covered Performance target
Grant date (in US$ millions) financial years determination date
June 5, 2023 54.9 2023 note (a)
March 13, 2024 0.7 note (b) note (b)
August 5, 2024 19.3 2024-2026 note (c)
August 5, 2024 0.3 note (d) note (d)
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Notes:
(a) The annual performance target determination date is the date of the announcement of the Group ’ s annual results for the covered financial year and vesting occurs two business days after the an...
(b) This award does not stipulate performance targets and is subject to a vesting schedule of 25% on each of the first, second, third and fourth anniversaries of the date of grant.
(c) The annual performance target determination dates are the dates of the announcements of the Group ’ s annual results for the financial years ending December 31, 2024, 2025 and 2026. Vesting occ...
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(d) This award does not stipulate performance targets and is subject to a vesting schedule of 50% on the first and second anniversaries of the date of grant.
The Trustee has been set up solely for the purpose of purchasing and holding the Awarded Shares during the vesting period on behalf of the Company using funds provided by the Company. On the determination date, if any, the Company will determine the cash amount, based on the actual achievement of each annual performance target, for the Trustee to purchase the Awarded Shares. The Awarded Shares will then be held by the Trustee until they are vested.
The Trustee’s assets include treasury shares and funds for additional treasury shares, trustee fees and expenses. The number of treasury shares (in ordinary shares equivalent) held by the Trustee were as follows:
Number of Cost
treasury shares (in US$ ’ 000)
As at January 1, 2023 19,601,375 76,064
Purchased 2,725,515 9,071
Vested ( 4,714,205) ( 18,148)
As at December 31, 2023 17,612,685 66,987