On the evening of August 17, Cambricon Technologies Corporation Limited (688256) announced that it has completed the registration of employee stock incentive shares, with the incentive shares set to begin trading on August 20.
A total of 124 employees are eligible for this round of incentive stock vesting, collectively receiving 597,600 shares. Based on the closing price of 1,156 yuan per share on August 17, the total value of these shares amounts to 690 million yuan, translating to an average value of 5.57 million yuan per employee.
Among the 124 recipients, six directors, senior executives, and core technical personnel, including Chen Shuai, Liu Shaoli, and Liu Yi, will receive 71,500 shares, while the remaining 118 employees will share 526,100 shares.
According to the announcement, this stock incentive vesting is based on the first vesting period results of the reserved portion under the "2023 Restricted Stock Incentive Plan," which Cambricon Technologies Corporation Limited introduced in November 2023.
When the stock incentive plan was launched, the average stock price of Cambricon Technologies Corporation Limited stood at 139 yuan per share, according to Wind data. In less than three years, the company's stock has surged by more than eightfold.
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