Li Auto (LI) has released an update.
Li Auto Inc. has awarded 2,595,050 Restricted Share Units (RSUs) to 195 employees under its 2019 incentive plan, which will vest over periods ranging from immediately to 60 months, contingent on meeting performance criteria. The RSU grants represent approximately 0.12% of the company’s total shares and are subject to clawback provisions in cases of termination or violation of non-competition or confidentiality agreements. No shareholder approval is required for these grants, which are part of a broader plan allowing for future awards of up to 41,827,052 Class A Ordinary Shares.
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