XPeng, Inc. Awards RSUs to Boost Employee Retention

XPeng, Inc. Class A (HK:9868) has released an update.

XPeng, Inc. has announced the grant of 4,932,710 restricted share units (RSUs) to a senior management member and 233 employees under its 2019 Equity Incentive Plan. These RSUs, which represent Class A ordinary shares, are subject to service-based vesting conditions over a period of up to four years. This strategic move aims to incentivize and retain key personnel without requiring shareholder approval.

For further insights into HK:9868 stock, check out TipRanks’ Stock Analysis page.