ACCOUNTABILITY 238 YINSON HOLDINGS BERHAD 30. SHARE-BASED COMPENSATION PLANS (CONTINUED) (b) Employees’ Share Scheme 2023 (continued) The movements of RSUs for the financial years ended 31 January 2026 and 31 January 2025 were as follows: (continued) 2024 RSU Award At start of the financial year Settled Lapsed At end of the financial year 2026 Executive Directors and Senior Management 2,829,635 (472,859) - 2,356,776 Other eligible employees 2,554,748 (38,998) (145,738) 2,370,012 5,384,383 (511,857) (145,738) 4,726,788 At start of the financial year Granted Lapsed At end of the financial year 2025 Executive Directors and Senior Management - 2,829,635 - 2,829,635 Other eligible employees - 2,571,624 (16,876) 2,554,748 - 5,401,259 (16,876) 5,384,383 2025 RSU Award At start of the financial year Granted Settled At end of the financial year 2026 Executive Directors and Senior Management - 4,431,889 (285,544) 4,146,345 Other eligible employees - 3,778,382 - 3,778,382 - 8,210,271 (285,544) 7,924,727 (c) Employees’ Long-Term Incentive Plan On 14 December 2023, the Board of Directors of the Company approved the cancellation of the LTIP and compensation to the participants on the cancellation of the LTIP in the form of RSUs (“RSU in Lieu of LTIP”). On 31 December 2023, RSUs in Lieu of LTIP were granted and awarded to the eligible LTIP participants for each of the calendar years 2020, 2021 and 2022 where the LTIP was effective. The salient features of the RSUs in lieu of LTIP are as follows: (i) The RSUs in Lieu of LTIP awarded to eligible LTIP participants are settled in cash. (ii) The regulations of ESS2023 in respect of the 2023 RSU Award shall be retrospectively applied and enforced for the calendar years 2020, 2021 and 2022 for individuals who were deemed eligible under the LTIP and remain employed. However, the RSUs do not fall within the terms and conditions of the 2023 RSU Award and is not governed by the By-Laws of the ESS2023 approved by the shareholders on 13 July 2023. (iii) The number of RSUs in Lieu of LTIP and the vesting date for each calendar year for which RSUs have been granted and awarded are as set out below. 2020 RSU in Lieu of LTIP 2021 RSU in Lieu of LTIP 2022 RSU in Lieu of LTIP Number of RSUs in Lieu of LTIP awarded 2,961,239 3,980,736 5,012,193 Vesting date 31 December 2023 1 June 2024 1 June 2025
RkJQdWJsaXNoZXIy NDgzMzc=