In January 17th, surging journalists confirmed from multiple channels that the China Unicom (600050) mixed employee equity incentive list has entered the selection and publicity stage.
It is understood that at present, China Unicom headquarters, branches and related units have been carrying out the operation phase on the list of shareholding employees. Some of the rapidly developing branches have launched internal publicity on the employee stock ownership list, and some units are still in operation.
According to the news reporter from the informed sources, the listed equity incentive list can be divided into two categories: one is managers, the other is strategic talents, core employees and so on.
China Unicom requires compliance when considering employee shareholding list
It is reported that many of China Unicom's management positions are at the level or vice level, which has the opportunity to get equity incentive, but there are many grass-roots employees finally entered the equity incentive list.
On the 16 day, China Unicom official response said: at present, the employee stock ownership is still in the operation stage, and the specific information is based on the announcement.
According to the mixed reform plan released by China Unicom on August last year, it proposes to grant about 850 million restricted shares to the core staff in the employee equity incentive plan. The price is RMB3.79 per share, while the target group of ESOs is
China Unicom said it hopes to use this plan to promote the realization of the value of state-owned shareholders, company value and personal value of employees, enhance the comprehensive competitiveness of China Unicom, and promote the long-term development of the company. To maintain and increase the value of state-owned assets; Be able to attract and retain core talent
However, China Unicom also set the performance threshold and time limit on employee equity incentive. Have made clear to the company 2018-2020 years of revenue and profit, in the premise of performance standards, the incentive plan is also set to unlock the lock up period period up to 24 months and 36 months. During the unlocking period, the 4:3:3 should be unlocked at a constant rate. If employees want to cash in all the stock, they are required to serve the company in the next 60 months, as well as the performance requirements of the Achieve Inc and the individual.
An employee at China Unicom told a news reporter that internal staff were also more modest in their bid for the list.
According to the news reporters from China Unicom, China Unicom has adopted the strategy of combining medium and long term incentives with the current incentive to motivate employees. The management personnel and talent strategy, emphasis on long-term incentive, there are stringent performance constraints, locking for two years, then three years to unlock; the majority of the staff, the current focus on the incentive, through small reform, through the implementation of innovative business across the region, the full implementation of hard work, no cap.
At the China Unicom working conference in January this year, Wang Xiaochu, chairman of China Unicom and the staff representatives, said that we should further enhance the sense of access for the employees at the grass-roots level, and the salary growth of the front-line employees in the grass-roots sector increased by more than two digits in 2018.