Nexteer grants 5,015,240 cash-settled awards under value creation plan worth USD 4 million

Reuters04-10 19:09

Nexteer grants 5,015,240 cash-settled awards under value creation plan worth USD 4 million

Nexteer Automotive adopted Value Creation Plan, setting up cash-settled Performance Units and Restricted Units tied to share value.
Board granted 5,015,240 awards to 15 senior managers, equivalent to total cash value of USD 4 million.
Executive directors Fengtao Ding and Robin Zane Milavec received 1,873,806 awards, with vesting date set for Dec. 31, 2028.
Awards will not vest if three-year average return on invested capital over 2026-2028 is below 4.5%.
Beginning share price under plan was HK$ 6.23; grant-date closing price was HK$ 6.83.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nexteer Automotive Group Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260410-12102028), on April 10, 2026, and is solely responsible for the information contained therein.

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