Wynn Macau grants share to 151 employees, exec director

Renowned gaming company Wynn Macau has granted 151 employees and its executive director, Frederic Jean-Luc Luvisutto, the right to register for a total of 6,977,787 common shares, with a face value of HK$0.001.

If accepted by the chosen participants, these shares represent about 0.13 percent of Wynn Macau’s total issued share capital as of the announcement.

Frederic Jean-Luc Luvisutto, the Executive Director of the company, received 2,365,896 shares at HK$7.05 on the award day.

While the shares of the other 149 participants will vest on January 31, 2027, regardless of performance objectives, the shares awarded to the Executive Director and two other selected participants are contingent upon meeting certain performance conditions.

Original story by: Asia Gaming Brief