On October 18, 2024, XPeng Inc.'s Board of Directors approved the grant of an aggregate of 4,932,710 Restricted Share Units (RSUs). These RSUs represent an equal number of underlying Class A ordinary shares.
The grants were distributed to one senior management member and 233 employees under the 2019 Equity Incentive Plan. The RSUs are subject to acceptance by the grantees and specific service-based vesting conditions.
For the senior management grant, vesting is also contingent on achieving performance targets, while employee grants are primarily service-based. This initiative aims to align employee incentives with the company's long-term performance.
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