Samsonite International Announces New Long-Term Incentive Plan Including RSUs and Cash Awards for Executives and Employees
Samsonite International SA has announced a new compensation plan, effective June 12, 2025, involving the grant of Restricted Share Units (RSUs) and long-term incentive cash awards. The RSUs are awarded to key personnel, including Executive Director and CEO Kyle Francis Gendreau, as approved by the company's shareholders. Additionally, long-term incentive cash awards will be given to certain other employees across the group. The performance-based plan outlines payout levels for each year from 2025 to 2027, with maximum, target, and threshold levels set at 200%, 100%, and 25% respectively. This initiative is part of the company's ongoing efforts to align the interests of shareholders and participants in the Equity-based Long-Term Incentive Plan.
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