STANCHART issues 0.58 million conditional share awards under 2021 plan, introduces four-year vesting and robust clawback

Bulletin Express
06/16

Standard Chartered PLC (STANCHART) disclosed that on 15 June 2026 it granted 0.58 million conditional rights over ordinary shares to eligible employees through its 2021 Standard Chartered Share Plan.

The allocation comprises Deferred Share Awards and Long-Term Incentive Plan (LTIP) grants, all exercisable at a nil purchase price. Deferred awards linked to year-end variable compensation will vest over two to four years, while LTIP awards carry a four-year vesting schedule contingent on three years of performance against relative total shareholder return, return on tangible equity and defined sustainability metrics. Buy-out deferred awards for new hires will vest between three months and four years, mirroring the forfeited awards’ original schedules. All awards require continued service.

The reference market price on the London Stock Exchange at grant was £19.70 per share. Malus and clawback provisions apply for up to ten years post-grant, enabling the group to adjust or reclaim awards in response to risk, control or conduct concerns.

None of the 2026 grantees is a director, chief executive or substantial shareholder. Aggregate headroom remains ample: 126.38 million shares are still available for future issuance across all company share schemes, comfortably within the 10 % limit of issued share capital stipulated by the 2021 plan and Hong Kong Listing Rules. Standard Chartered confirmed ongoing compliance with the transitional requirements of Chapter 17 of the Listing Rules.

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