FRD(SZ:300602) Zheng Quan Zhi Xing·2025-06-05 10:31Core Points - The company announced the results of the third vesting period for the second category of restricted stock under the 2021 stock incentive plan, with a total of 1,857,000 shares vesting [1][2][20] - The actual number of shares vested for the first grant in the third vesting period is 1,664,400 shares for 113 individuals, and 192,600 shares for 19 individuals in the reserved grant [1][2][20] - The total number of restricted shares granted under the second category is 6,977,000 shares, accounting for 9.35% of the total equity at the time of the plan announcement [2][3] Summary by Sections Incentive Plan Overview - The second category of restricted stock incentive plan was approved by the board and involves a total of 6,977,000 shares, representing 9.35% of the total equity at the time of the announcement [2][3] - The plan includes specific performance targets for revenue over three years, with targets set at 3.25 billion yuan for 2022, 3.7 billion yuan for 2023, and 4.2 billion yuan for 2024 [7][18] Vesting Conditions - The vesting conditions for the third period have been met, allowing for the distribution of shares to eligible participants [20][27] - The vesting schedule is structured in three phases, with specific performance metrics required for each phase [5][18] Share Distribution - The distribution of shares includes 1,664,400 shares for the first grant and 192,600 shares for the reserved grant, with the total number of shares vested being 1,857,000 [1][2][20] - The total number of shares after the vesting will increase the company's total equity from 580,006,431 shares to 581,863,431 shares [31][32] Financial Impact - The company expects that the vesting of these shares will not significantly impact its financial condition or operational results, nor will it alter the control of the company [32] - The funds raised from the vesting will be used to supplement the company's working capital [32]