Tencent Music chair reports 1.52M ADS holdings
Tencent Music Entertainment Group director and Executive Chairman Pang Kar Shun Cussion filed an initial ownership report showing direct holdings of 1,519,756 American Depositary Shares (ADSs).
Rhea-AI Filing Summary
Tencent Music Entertainment Group director and Executive Chairman Pang Kar Shun Cussion filed an initial ownership report showing direct holdings of 1,519,756 American Depositary Shares (ADSs).
He also holds fully vested stock options exercisable into ADSs. These options cover 180, 896,740, 4,250, 30, 61,455 and 675,642 ADSs at exercise prices between $3.8600 and $14.2822, with expiration dates from 2027 through 2032. Each ADS represents two Class A ordinary shares. The filing reflects holdings only and does not report any new purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
PANG KAR SHUN CUSSION
Role
Executive Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | American Depositary Shares | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,638,297 contracts (Direct);
American Depositary Shares — 1,519,756 shares (Direct)
Footnotes (8)
- F1. Each American Depositary Share ("ADS") represents two (2) Class A Ordinary Shares, with a par value of US$0.000083 per share, of Tencent Music Entertainment Group (the "Issuer").
- F2. Each Stock Option is exercisable for one ADS, which represents two Class A Ordinary Shares.
- F3. The Stock Option was granted in June 2017 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 180 ADSs were met, and such options are fully vested.
- F4. The Stock Option was granted in December 2017 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 896,740 ADSs were met, and such options are fully vested.
- F5. The Stock Option was granted in October 2018 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 4,250 ADSs were met, and such options are fully vested.
- F6. The Stock Option was granted in June 2019 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 30 ADSs were met, and such options are fully vested.
- F7. The Stock Option was granted in June 2020 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 61,455 ADSs were met, and such options are fully vested.
- F8. The Stock Option was granted in March 2022 subject to satisfaction of certain performance criteria. The performance criteria with respect to options to purchase 675,642 ADSs were met, and such options are fully vested.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Tencent Music (TCMEF) Executive Chairman Pang Kar Shun Cussion report owning?
Pang Kar Shun Cussion reports direct ownership of 1,519,756 American Depositary Shares (ADSs) of Tencent Music Entertainment Group. This Form 3 filing establishes his baseline equity position as a director and Executive Chairman, without indicating any recent purchase or sale activity.
What stock options does Pang Kar Shun Cussion hold in Tencent Music (TCMEF)?
He holds fully vested stock options over 180, 896,740, 4,250, 30, 61,455 and 675,642 ADSs. These options have exercise prices from $3.8600 to $14.2822 and expire between 2027 and 2032, indicating significant long-term incentive exposure.
Are Pang Kar Shun Cussion’s Tencent Music (TCMEF) stock options vested?
Yes. Footnotes state performance criteria were met for all the listed grants, so options over 180, 896,740, 4,250, 30, 61,455 and 675,642 ADSs are fully vested. He can exercise these options any time before their respective expiration dates.
Does the Tencent Music (TCMEF) Form 3 show any recent insider buying or selling?
No. The Form 3 records holdings only, with all entries labeled as holdings and transaction counts for buys and sells at zero. It establishes Pang Kar Shun Cussion’s existing ADS and option positions rather than disclosing new market transactions.
When do Pang Kar Shun Cussion’s Tencent Music (TCMEF) options expire?
His stock options have expiration dates ranging from June 16, 2027 to March 15, 2032. These long-dated expirations provide an extended window to exercise, aligning his incentives with the company’s multi-year performance horizon.
AI-generated analysis. How Rhea-AI works. Not financial advice.
