Chiu Lorenso 4

What Happened
Chiu Lorenso, CFO of HUTCHMED (HCM), was allocated two LTIP-related share awards on 2026-05-20 totaling 14,039 ordinary shares (5,176 and 8,863). Each allocation shows a $0 purchase price (derivative/award allocation), so the reported transaction value is $0. The allocated shares are held by the LTIP trustee for the reporting person and are expected to vest and be transferred to his personal account in 2027 and 2028, subject to the award terms.

Key Details

• Transaction date: 2026-05-20; Form filed: 2026-05-21 (timely filing).
• Shares allocated: 5,176 (footnote F1) and 8,863 (footnote F2) — total 14,039 shares.
• Price: $0 per share (allocated following determination that FY2025 performance conditions were met).
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes:
  • F1: Allocation follows achievement of FY2025 performance conditions for awards granted Aug 5, 2024; expected vesting/transfer in 2027.
  • F2: Allocation follows FY2025 performance conditions for awards granted Jun 9, 2025; expected vesting/transfer in 2028.
• Transaction code: J (other acquisition/disposition) — here reflecting allocation of shares by the LTIP trustee. No open-market purchase or sale occurred.

Context
These allocations are LTIP performance-based awards converted into allocated shares at no purchase price after the company determined FY2025 goals were met. Because the shares are held by a trustee and are subject to future vesting and award terms, this is not an immediate cash transaction or open-market purchase — it signals achievement of plan metrics but does not necessarily reflect immediate insider buying or selling.