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Bilibili | 6-K: Grant of Restricted Stock Units

SEC announcement ·  Mar 29 04:20
Summary by Futu AI
Bilibili Inc., a company incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong, announced the grant of 2,425,124 Restricted Share Units (RSUs) to 119 employees under its 2018 Share Incentive Plan. The grant, which took place on March 28, 2024, represents approximately 0.59% of the company's total shares on a one-share-one-vote basis. The RSUs, which are to vest between March 31, 2025, and March 31, 2030, are aimed at aligning the interests of the employees with those of the shareholders and incentivizing them to enhance the company's value. The RSUs were granted at no cost to the recipients and are not subject to any additional performance targets or clawback mechanisms. Following this grant, Bilibili Inc. may issue further awards representing a total of 17,484,784 Class Z Ordinary Shares under the 2018 Share Incentive Plan. The company has stated that the purpose of the grants is to motivate, attract, and retain employees critical to the company's success and to promote superior returns to shareholders.
Bilibili Inc., a company incorporated in the Cayman Islands and listed on the Stock Exchange of Hong Kong, announced the grant of 2,425,124 Restricted Share Units (RSUs) to 119 employees under its 2018 Share Incentive Plan. The grant, which took place on March 28, 2024, represents approximately 0.59% of the company's total shares on a one-share-one-vote basis. The RSUs, which are to vest between March 31, 2025, and March 31, 2030, are aimed at aligning the interests of the employees with those of the shareholders and incentivizing them to enhance the company's value. The RSUs were granted at no cost to the recipients and are not subject to any additional performance targets or clawback mechanisms. Following this grant, Bilibili Inc. may issue further awards representing a total of 17,484,784 Class Z Ordinary Shares under the 2018 Share Incentive Plan. The company has stated that the purpose of the grants is to motivate, attract, and retain employees critical to the company's success and to promote superior returns to shareholders.
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