Content Writer: Janice Chew • Saturday, 26/01/2026 - 15:10:41 - PM
Macau-based casino operator Galaxy Entertainment Group Ltd (GEG) has announced a significant equity incentive grant to selected directors and staff, including members of its founding family, under its share award and share option schemes. The disclosures came from a Hong Kong Stock Exchange filing made after trading hours, revealing that the firm issued a total of 8,355,200 share awards under its current share award scheme, which was established in May 2023.
The bulk of the share awards—6,348,200 units—were allocated to employees, while the company’s chairman, Francis Lui Yiu Tung, received 1,443,900 shares. Other executive directors named in the report include Joseph Chee Ying Keung, Paddy Tang Lui Wai Yu, and Eileen Lui Wai Ling, along with employees/associates of directors Philip Cheng Yee Sing and Andrew Nicholas Lui. The market price of GEG shares on the announcement day was HKD 38.32 (about US$4.91).
In addition to share awards, 210,000 share options were granted, with 126,000 allocated to employees and 84,000 granted to executive director Paddy Tang Lui Wai Yu, who is the sister of the chairman. These options carry an exercise price of HKD 38.60 per unit, and can be exercised between December 31, 2026 and December 30, 2031. Both awards and options have vesting schedules for December 31 in 2026, 2027, and 2028.
According to the company’s filing, no performance targets or clawback mechanisms are attached to these equity grants, a point that aligns with broader market practice for long-term incentive schemes but also draws scrutiny from some governance observers who favour performance-linked conditions. The firm stated that the grants are designed to motivate grantees and align their interests with GEG’s long-term success and shareholder value.
These latest incentives come amid ongoing adjustments to GEG’s executive compensation arrangements. In late 2024, the company also replaced previously granted share options with replacement share awards for selected directors and employees, reflecting prior grants’ exercise prices being above market levels and aiming to better incentivise recipient retention and performance.