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6-K: Grant of Restricted Share Units

SEC announcement ·  Apr 20 04:11
Summary by Futu AI
XPeng Inc., a leading electric vehicle manufacturer, announced on April 19, 2024, the grant of 5,106,242 Restricted Share Units (RSUs) to 99 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 starting from April 1, 2025, with specific portions vesting at different intervals. The grant is part of the company's long-term incentive plan to retain and motivate its employees. The RSUs were granted at no cost to the recipients and are subject to service-based vesting conditions. The Hong Kong Stock Exchange has approved the listing of the new shares underlying the awards. The issuance of these new shares, representing approximately 0.27% of the total issued shares of the company, will not require shareholder approval. Following this grant, 31,720,642 RSUs remain available for future issuance under the plan. The company's board, led by Chairman and CEO Xiaopeng He, oversees the administration of the equity incentive plan.
XPeng Inc., a leading electric vehicle manufacturer, announced on April 19, 2024, the grant of 5,106,242 Restricted Share Units (RSUs) to 99 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 starting from April 1, 2025, with specific portions vesting at different intervals. The grant is part of the company's long-term incentive plan to retain and motivate its employees. The RSUs were granted at no cost to the recipients and are subject to service-based vesting conditions. The Hong Kong Stock Exchange has approved the listing of the new shares underlying the awards. The issuance of these new shares, representing approximately 0.27% of the total issued shares of the company, will not require shareholder approval. Following this grant, 31,720,642 RSUs remain available for future issuance under the plan. The company's board, led by Chairman and CEO Xiaopeng He, oversees the administration of the equity incentive plan.
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