XPeng, Inc. ADR (XPEV) has released an update.
XPeng, Inc. ADR has announced the grant of 5,106,242 Restricted Share Units (RSUs) to 99 employees under its 2019 Equity Incentive Plan, with the shares not requiring shareholders’ approval and set to vest over a period of four years based on service conditions. The granted RSUs, which represent approximately 0.27% of the total issued shares, will be issued without shareholder approval and do not come with purchase costs for the grantees. This move underscores the company’s commitment to employee incentives and aligns with its long-term incentive strategies.
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