
ESOPJun 12, 2026, 04:13 PM
Sagtec Global Grants 480,000 Restricted Shares to Key Executives
AI Summary
Sagtec Global's Compensation Committee and Board of Directors approved supplemental equity compensation for its key executives. The company issued a total of 480,000 restricted Class A ordinary shares to CEO Ng Chen Lok (415,000 shares), CFO Zuria Hajar binti Mohd Adnan (15,000 shares), and CTO Tan Kim Chuan (50,000 shares). These shares, valued at $0.934 each for a total of approximately $448,310, are intended to reward their continued service during the 2026 financial year. The shares vest on May 15, 2026, subject to continued service, and are subject to a six-month restriction period. Following this issuance, the company has 19,050,000 Class A ordinary shares issued and outstanding.
Key Highlights
- CEO Ng Chen Lok received 415,000 restricted Class A shares, valued at $387,609.
- CFO Zuria Hajar binti Mohd Adnan received 15,000 restricted Class A shares, valued at $14,001.
- CTO Tan Kim Chuan received 50,000 restricted Class A shares, valued at $46,700.
- A total of 480,000 restricted Class A ordinary shares were issued to the three executives.
- The fair value per share was determined to be $0.934 based on the May 15, 2026 closing price.
- The shares vest on May 15, 2026, subject to continued service, with a six-month restriction.
- Following this issuance, Sagtec Global has 19,050,000 Class A ordinary shares outstanding.
Price Impact
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