The China Unicom's equity incentive objects include Wang Xia, the Secretary of the board (216 thousand shares), the chief financial officer Jiang Aihua (216 thousand shares), and the other 7853 are the company's middle-level managers, core management talents and professional talents.
The stock incentive plan of China Unicom first granted the incentive target for each share of the restricted stock (including the reserved part) of 3.79 yuan / share. When the incentive object is granted the restricted stock, the funds needed to be invested by the individual are solved in the way of self financing.
China Unicom's share price has fallen to nearly 6 yuan down to 6.01 yuan on Friday, affected by a slump in A shares last week.
A lock up period, notice that since the incentive object was 24 months from the date of grant of restricted stock, restricted stock lock up period. The lock up period, restricted stock incentive plan through the hold will be locked, and shall not be transferred in any form, shall not be used for security or to repay debt.
Restricted stock after the expiration of the lock up for the restricted stock unlock, unlock period of at least 36 months.
According to the announcement, the unlocking conditions set by China Unicom for the participants of the first equity incentive plan include the company's performance and individual performance conditions.
Among them, the company's performance conditions, The first unlocking period is based on the fact that the growth rate of the main business revenue in 2018 is not less than 4. 4% compared with the main business revenue base of 2017, and is not lower than the average profit rate of the same industry enterprise in 2018 than in 2017. The gross profit benchmark is growing at a rate of no less than 65.4 cents, and is no lower than the 75 quartile level of the same industry.
Second unlock, unlock one of the Chinese Unicom setting conditions, is 2019 of the total annual profit is 2017 of the total annual profit benchmark growth rate of not less than 224.8% and not less than 75 enterprises in the same industry level; third unlocked set net profit is 2020 of the total annual profit is 2017 of the total annual profit benchmark the growth rate of not less than 378.2% and not less than 75 enterprises in the same industry level.
The aforementioned draft also needs to be examined and passed by the shareholders' meeting, and it will take effect.