XPeng, Inc. Class A ( (HK:9868) ) has provided an update.
XPeng, Inc. Class A has announced the grant of 2,093,884 Restricted Share Units (RSUs) to 60 employees under its 2019 Equity Incentive Plan. This move, which does not require shareholder approval, is part of the company’s strategy to incentivize its workforce, with the RSUs vesting over a four-year period. The Hong Kong Stock Exchange has approved the listing of the new shares, and the grants are not subject to performance targets, but include clawback mechanisms in cases of termination for cause.
More about XPeng, Inc. Class A
YTD Price Performance: 52.63%
Average Trading Volume: 29,906,881
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$129.7B
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