Puya semiconductor(SH:688766) Sou Hu Cai Jing·2025-12-16 00:10Core Viewpoint - The company is implementing a new stock incentive plan aimed at enhancing corporate governance, attracting and retaining talent, and aligning the interests of shareholders, the company, and core teams to ensure long-term development and strategic goals are met [3]. Group 1: Stock Incentive Plan Overview - The stock incentive plan will grant a total of 1,252,258 shares, representing 0.85% of the company's total equity as of the plan's announcement date [11]. - The plan includes a 60-month validity period, with specific performance targets set for the years 2026 to 2029, including revenue targets of 2.65 billion, 3 billion, 3.5 billion, and 4 billion respectively [33][34]. - The initial grant price for the restricted stock is set at 73.78 yuan per share, which is significantly lower than the average trading prices prior to the announcement [19][20]. Group 2: Implementation and Performance Metrics - The plan will be executed independently of previous incentive plans from 2021, 2022, and 2024, which are still active [3]. - Performance evaluation will be based on both company-level metrics (revenue targets) and individual performance assessments, with a clear structure for how stock grants will vest based on these evaluations [31][34]. - The company aims to ensure that the performance targets are challenging yet achievable, reflecting the company's growth strategy and market conditions [33][34]. Group 3: Eligibility and Distribution - The plan targets 116 individuals, accounting for 24.58% of the total workforce, excluding independent directors and major shareholders [15][16]. - The distribution of shares will be contingent upon meeting specific performance criteria, with a structured vesting schedule over the plan's duration [22][31]. - The plan includes provisions for adjusting the number of shares and grant prices in response to corporate actions such as stock splits or dividends [35][39].