机构报告：上市公司股权激励进入“常态化”时代 去年员工持股计划同比增长超3成

Core Insights - The report indicates a decline in the overall stock incentive market in 2024, with a total of 610 stock incentive plans announced, representing an 8.41% decrease from 2023, while multi-period plans have increased by 4.74% [1] - Employee stock ownership plans have seen a significant increase, with a total of 277 announcements in 2024, marking a 30.66% rise from 2023 [2] - The Sci-Tech Innovation Board has the highest coverage of stock incentives among listed companies, surpassing other boards in A-shares [3] Group 1: Stock Incentive Plans - In 2024, the total number of A-share stock incentive plans announced was 610, down 8.41% from 2023, with first-period announcements decreasing by 23.78% to 234 [1] - Multi-period stock incentive plans accounted for 61.64% of total announcements in 2024, up from 53.90% in 2023, indicating a normalization of stock incentives as a governance tool [1] Group 2: Employee Stock Ownership Plans - The total number of employee stock ownership plans announced in 2024 was 277, an increase of 30.66% from 2023, with first-period plans rising by 82.61% to 168 [2] - The overall number of broad stock incentive plans, including employee stock ownership plans, stock options, and restricted stocks, reached 854 in 2024, a 2.03% increase from 2023 [2] Group 3: Incentive Tools and Coverage - The second type of restricted stock has become the mainstream incentive tool, with 301 plans (49.34%) choosing it, while first-type restricted stocks accounted for 26.07% and stock options for 14.43% [2] - The Sci-Tech Innovation Board had 581 companies implementing stock incentive plans, achieving a coverage rate of 72.46%, higher than other boards [3]