On December 18, Gelonghui (001368.SZ) announced the 2023 Restricted Stock Incentive Plan (Draft). The number of restricted shares to be granted to incentive recipients in this phase of the incentive plan is 224 million shares, accounting for about 2.00% of the company's total share capital of 112.2 million shares at the time of the announcement of the draft incentive plan.
Among them, 1,904 million shares were granted for the first time, accounting for about 1.70% of the company's total share capital at the time of the announcement of the draft incentive plan, accounting for 85.00% of the total equity granted; 336,600 shares were reserved, accounting for about 0.30% of the company's total share capital at the time of the announcement of the draft incentive plan, and the reserved portion accounted for about 15.00% of the total equity granted.
The grant price for the initial and reserved restricted shares of the current incentive plan is $13.10 per share.
The total number of incentive recipients granted for the first time in this phase of the incentive plan is 78 people, including the company's senior management, middle management, and core employees. Independent directors, supervisors, shareholders or actual controllers holding 5% or more of the shares alone or in total, and their spouses, parents, and children are not included.
The current incentive plan is valid for a maximum period of no more than 60 months from the date the registration of the first restricted stock grant is completed until the date the restrictions on sale of all restricted shares granted to the incentive target are lifted or the repurchase and cancellation of all restricted shares granted to the incentive target is completed.