Core Points - The announcement details the first vesting results of the restricted stock incentive plan for Zhejiang Fengmao Technology Co., Ltd, with a total of 121,820 shares set to vest for 72 individuals [1][15][19] - The shares will be listed for trading on June 19, 2025, following the completion of necessary procedures [1][15] - The incentive plan includes performance targets for revenue and net profit over the years 2024 to 2026, with specific thresholds for vesting [4][14] Incentive Plan Overview - The total number of restricted shares granted under the incentive plan is 650,000, representing approximately 0.81% of the company's total share capital at the time of the announcement [2] - The initial grant consists of 524,500 shares, accounting for 80.69% of the total grant, while 125,500 shares are reserved for future grants [2] - The grant price is set at 21.38 yuan per share, subject to meeting vesting conditions [2] Vesting Schedule - The vesting schedule is divided into three periods: - 30% after 12 months from the grant date - 30% after 24 months - 40% after 36 months [2][4] - The first vesting period for the initial grant is from June 4, 2025, to June 3, 2026 [12] Performance Targets - The performance targets for the first vesting period (2024) include a revenue target of 1 billion yuan and a net profit target of 173 million yuan [4][14] - The targets increase in subsequent years, with 1.25 billion yuan in revenue and 216 million yuan in net profit for 2025, and 1.56 billion yuan in revenue and 270 million yuan in net profit for 2026 [4][14] Individual Performance Assessment - Individual performance will also be assessed, with a scoring system determining the percentage of shares that can be vested based on performance ratings [6][14] - The ratings range from "Excellent" (100% vesting) to "Unsatisfactory" (0% vesting) [6][14] Impact on Company Structure - Following the vesting, the total share capital will increase from 104 million shares to 104,121,820 shares, with the proportion of restricted shares slightly decreasing [18][19] - The company's control and overall share distribution remain stable, ensuring compliance with listing requirements [19]
丰茂股份: 2024年限制性股票激励计划首次授予部分第一个归属期归属结果暨股份上市的公告