XPeng Inc. announced on January 31, 2024, the grant of 1,291,630 Restricted Share Units (RSUs) to 208 employees under its 2019 Equity Incentive Plan. The RSUs, which correspond to an equal number of Class A ordinary shares, will vest over a period of four years according to a mixed vesting schedule, with certain portions vesting on specific dates ranging from April 1, 2024, to January 1, 2028. The grants are not subject to shareholder approval, nor are they granted to directors, chief executives, substantial shareholders, or their associates. The issuance of new Class A ordinary shares to satisfy the RSU Grants will not require shareholder approval. Following the grant, 35,808,320 RSUs remain available for future issuance under the plan. The new shares issued will represent approximately 0.07% of the total issued...Show More

XPeng Inc. announced on January 31, 2024, the grant of 1,291,630 Restricted Share Units (RSUs) to 208 employees under its 2019 Equity Incentive Plan. The RSUs, which correspond to an equal number of Class A ordinary shares, will vest over a period of four years according to a mixed vesting schedule, with certain portions vesting on specific dates ranging from April 1, 2024, to January 1, 2028. The grants are not subject to shareholder approval, nor are they granted to directors, chief executives, substantial shareholders, or their associates. The issuance of new Class A ordinary shares to satisfy the RSU Grants will not require shareholder approval. Following the grant, 35,808,320 RSUs remain available for future issuance under the plan. The new shares issued will represent approximately 0.07% of the total issued shares of the company, both before and after the grant. The vesting of the RSUs is not contingent on performance targets, but there are provisions for clawback in the event of a grantee's termination for cause. The 2019 Equity Incentive Plan, which commenced on June 28, 2020, will expire on its tenth anniversary unless terminated earlier.