XPeng, Inc. Class A (HK:9868) has released an update.
XPeng Inc. has awarded a total of 6,508,732 Restricted Share Units (RSUs) to one director and 106 employees under its 2019 Equity Incentive Plan, with a vesting schedule spread over the next three to four years. The grants, which are part of a strategy to retain valuable personnel, come at no purchase cost to the recipients and are not tied to any performance targets. The company’s commitment to aligning employee and director interests with those of the company is reflected in this significant equity incentive.
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