On September 18th, Unilumin Group (300232.SZ) announced the 2024 Restricted Stock Incentive Plan (draft), which plans to grant 24 million restricted stocks to the incentive recipients, accounting for approximately 2.20% of the total equity of the company at the time of the announcement of the draft. Among them, 21.928 million stocks are initially granted, accounting for approximately 2.01% of the total equity of the company at the time of the announcement of the draft, and approximately 91.37% of the planned grant total. 2.072 million stocks are reserved, accounting for approximately 0.19% of the total equity of the company at the time of the announcement of the draft, and approximately 8.63% of the planned grant total.
The initial grant price for the restricted stocks of this incentive plan is 3.50 yuan/share. The reserved restricted stocks have the same grant price as the initially granted restricted stocks.
A total of 657 individuals are initially granted as incentive recipients in this incentive plan, including directors, senior management, and key technical (business) personnel who are employed by the company (including subsidiaries) at the time of the plan announcement. It does not include independent directors and supervisors. The reserved incentive recipients will be determined within 12 months after the approval of the plan by the shareholders' meeting. If the incentive recipients are not identified within 12 months, the reserved rights will become invalid. The determination criteria for the reserved incentive recipients refer to the criteria for the initial grant.
The term of this incentive plan is from the date of the initial grant of the restricted stocks until the date when all the restricted stocks granted to the incentive recipients are fully vested or become invalid and cancelled, with a maximum period of 60 months. The vesting of the incentive recipients' rights is conditional on meeting the corresponding vesting conditions. The initial grant rights will vest in three tranches after 16 months from the date of the initial grant, with a distribution ratio of 20%, 40%, and 40% respectively.
