UCloud(SH:688158) Shang Hai Zheng Quan Bao·2025-10-16 20:53Core Points - The company has announced the first grant of restricted stock under its 2025 incentive plan, with a total of 1.505 million shares to be granted at a price of 22 yuan per share [2][3][22] - The grant date is set for October 16, 2025, and the shares represent approximately 0.33% of the company's total share capital [2][3] - A total of 18 individuals will receive the restricted stock, and the plan has undergone necessary approvals and disclosures as per regulatory requirements [3][4][22] Summary by Sections Incentive Plan Details - The incentive plan involves the issuance of 1.505 million restricted shares, with a grant price of 22 yuan per share [2][3][10] - The plan's effective period lasts until all granted shares are vested or become invalid, with a maximum duration of 60 months [11][12] - The shares will vest in accordance with specified conditions, and the vesting schedule is subject to trading day restrictions [11][14] Approval Process - The plan was approved during the third board meeting on October 16, 2025, following prior approvals from the board and supervisory committee [4][5][22] - The company conducted internal disclosures regarding the incentive recipients, with no objections raised during the public notice period [4][5] Compliance and Conditions - The board confirmed that both the company and the recipients meet all necessary conditions for the grant, including compliance with relevant laws and regulations [7][8][15] - The recipients do not include any major shareholders or individuals disqualified from receiving stock incentives [15][16] Financial Impact - The fair value of the restricted stock was calculated using the Black-Scholes model, with the stock price at 24.49 yuan per share on the grant date [17][18] - The estimated impact on the company's financial performance will be recognized as a stock payment expense over the vesting period [19]