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Kingsoft Cloud Grants Over 16 Million RSUs to Employees

Story Highlights
  • Kingsoft Cloud granted 16,205,511 RSUs to 352 employees under its 2021 Share Incentive Plan.
  • The RSUs will vest over three years, with a clawback mechanism for misconduct or breaches.
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Kingsoft Cloud Grants Over 16 Million RSUs to Employees

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An update from Kingsoft Cloud Holdings Ltd ( (HK:3896) ) is now available.

Kingsoft Cloud Holdings Ltd announced the grant of 16,205,511 restricted share units (RSUs) to 352 employees under its 2021 Share Incentive Plan. This grant represents approximately 0.36% of the company’s total issued shares. The RSUs will vest over a period from the first to the third anniversary of the vesting commencement date, with some having a shorter vesting period. The company has implemented a clawback mechanism for the RSUs in cases of misconduct or breach of the incentive plan.

The most recent analyst rating on (HK:3896) stock is a Hold with a HK$7.50 price target. To see the full list of analyst forecasts on Kingsoft Cloud Holdings Ltd stock, see the HK:3896 Stock Forecast page.

More about Kingsoft Cloud Holdings Ltd

Kingsoft Cloud Holdings Ltd is a company incorporated in the Cayman Islands, operating in the cloud services industry. It is listed on both the Hong Kong Stock Exchange and Nasdaq, with a focus on providing cloud-based solutions and services.

Average Trading Volume: 114,882,015

Technical Sentiment Signal: Buy

Current Market Cap: HK$31.5B

Find detailed analytics on 3896 stock on TipRanks’ Stock Analysis page.

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