Kingsoft Cloud Holdings Ltd (HK:3896) has released an update.
Kingsoft Cloud Holdings Limited has announced the grant of 2,849,937 Restricted Share Units (RSUs) to 77 of its employees as part of its 2021 Share Incentive Plan, without any performance targets for vesting. These shares represent about 0.07% of the company’s total issued shares. The awards have varied vesting periods, with some set to vest on the first anniversary of their vesting commencement dates and others staggered over five years, along with a clawback mechanism for cases of misconduct or contract termination.
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