UTime Limited (WTO) awards 200,000 RSUs to each company director
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
On April 29, 2026, UTime Limited entered into restricted stock unit grant agreements with each of its five directors. Under these agreements, the Company granted each director 200,000 restricted stock units (RSUs), with each RSU representing one Class A ordinary share.
The RSUs vest immediately upon issuance, meaning the directors gain the associated share rights right away. The form of the grant agreement matches a previously filed template on Form S-8, which the Company incorporates by reference for these grants.
Positive
- None.
Negative
- None.
Key Figures
Directors receiving RSUs: 5 directors
RSUs per director: 200,000 RSUs
RSU share equivalence: 1 RSU = 1 share
+1 more
4 metrics
Directors receiving RSUs
5 directors
Number of UTime Limited directors who entered RSU grant agreements on April 29, 2026
RSUs per director
200,000 RSUs
Restricted stock units granted to each UTime Limited director
RSU share equivalence
1 RSU = 1 share
Each RSU represents one Class A ordinary share of UTime Limited
Vesting timing
Immediate vesting
RSUs vest immediately upon issuance on April 29, 2026
Key Terms
restricted stock units, Class A ordinary shares, Form 6-K, Form S-8
4 terms
restricted stock units financial
"the Company granted each director 200,000 restricted stock units (“RSUs”)"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Form 6-K regulatory
"FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER"
A Form 6-K is a report that companies listed in certain countries file to provide important updates, such as financial results, corporate changes, or other significant information, to regulators and investors. It functions like an official company update or news release, helping investors stay informed about developments that could affect their investment decisions.
Form S-8 regulatory
"filed as Exhibit 4.1 to the Company’s registration statement on Form S-8"
A Form S-8 is a U.S. Securities and Exchange Commission registration that lets a public company set aside shares for employee benefit plans and stock-based compensation. Think of it as opening a dedicated account that authorizes the company to issue or reserve stock for workers and directors; it matters to investors because it enables share dilution when those awards are granted or exercised and signals how management is compensated and incentivized.
FAQ
What did UTime Limited (WTO) disclose in its April 2026 Form 6-K?
UTime Limited disclosed that it granted restricted stock units to its five directors. Each director received 200,000 RSUs that vest immediately, with each RSU representing one Class A ordinary share of the company.
How many restricted stock units did each UTime Limited (WTO) director receive?
Each UTime Limited director received 200,000 restricted stock units. These RSUs convert into an equal number of Class A ordinary shares, giving directors equity-linked compensation that aligns their interests with the company’s shareholders.
When do the UTime Limited (WTO) director RSUs vest?
The restricted stock units granted to UTime Limited’s directors vest immediately upon issuance. Immediate vesting means directors receive the full equity benefit right away, rather than over a multi-year service or performance period.
What does each UTime Limited (WTO) RSU represent?
Each restricted stock unit granted to UTime Limited’s directors represents one Class A ordinary share. Once vested, RSUs provide directors with rights equivalent to holding the underlying shares, subject to the company’s equity plan and grant terms.
Which document governs the UTime Limited (WTO) RSU grants to directors?
The RSU grants are governed by a grant agreement form previously filed as Exhibit 4.1 to UTime Limited’s Form S-8 registration statement. That previously filed agreement form is incorporated by reference for these director grants.