Great Wall Motor plans to grant 70 million restricted shares to 810 people.

Viewpoint Network News:On January 26th, Great Wall Motor Co., Ltd. released the restricted stock incentive plan for 2023.

According to the announcement, the incentive plan intends to grant 70 million restricted shares to the incentive object, accounting for about 0.8238% of the company’s total share capital. Among them, the total number of rights granted for the first time is 56 million shares, accounting for 80% of the planned total, and 14 million shares are reserved, accounting for 20% of the planned total. The incentive targets include senior managers of the company, directors and senior managers of holding subsidiaries, middle managers and core technology (business) backbones, with a total of 810 people.

The validity period of the plan shall be no longer than 48 months from the date when the restricted shares are granted for the first time to the date when all the restricted shares granted to the incentive object are lifted or the repurchase cancellation is completed. The grant price is 13.61 yuan/share. The company promises not to provide loans and other forms of financial assistance to any incentive object, including providing guarantee for its loans.

This article comes from: Viewpoint. com