WuXi XDC Issues Restricted Shares to Staff

WuXi XDC Cayman, Inc. (HK:2268) has released an update.

WuXi XDC Cayman Inc. has announced the grant of 4,496,948 restricted shares to 211 grantees, including three directors and 208 employees, under the company’s 2024 Share Scheme. The shares, granted at no purchase price, are set to vest over a period of five years, with a clawback mechanism in place for instances of termination for cause or criminal convictions. This move aims to incentivize and align employees’ interests with the company’s long-term performance and customary equity-based remuneration practices.

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