SMIC Grants Over 18 Million RSUs Under 2024 Equity Incentive Plan

Semiconductor Manufacturing International ( (HK:0981) ) just unveiled an announcement.

Semiconductor Manufacturing International Corporation has granted 18,298,455 restricted share units to 6,091 grantees under its 2024 Equity Incentive Plan, with each unit convertible into one Hong Kong share. The award, priced at a nominal consideration per unit and with no purchase price, covers directors, co-chief executive officers, senior management, and employees, and includes a substantial portion that vested immediately on the grant date.

The chairman and two co-chief executive officers together received 278,345 RSUs, part of which vested immediately and the remainder scheduled to vest through 2028, reflecting remuneration packages tied to 2025 performance targets already achieved and approved by the compensation committee. The remaining 18,020,110 RSUs went to 6,088 non-director executives and staff, signaling the company’s continued use of equity-based compensation to align management and employee incentives with long-term growth and profitability, while potentially diluting existing shareholders over time.

The most recent analyst rating on (HK:0981) stock is a Sell with a HK$49.00 price target. To see the full list of analyst forecasts on Semiconductor Manufacturing International stock, see the HK:0981 Stock Forecast page.

More about Semiconductor Manufacturing International

Semiconductor Manufacturing International Corporation is a leading foundry in the semiconductor industry, focused on manufacturing integrated circuits and related services. Listed in Hong Kong, the company serves global chip designers by providing advanced fabrication capacity, and uses equity incentives to attract and retain key executives and technical talent in a highly competitive market.

Average Trading Volume: 63,497,630

Technical Sentiment Signal: Buy

Current Market Cap: HK$517.7B

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