JD Logistics, Inc. (HK:2618) has released an update.
JD Logistics, Inc. has announced the granting of 9,576,942 new shares to employees under its Post-IPO Share Award Scheme, aiming to align employee interests with the company’s long-term growth. The shares, which represent about 0.14% of the total issued shares, come with no performance targets and have varying vesting periods up to four years. Additionally, the company has set forth a clawback mechanism to retrieve vested shares or earnings in cases of employee misconduct or damage to the company’s reputation.
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