XPENG (NYSE: XPEV) President details 2.4M-RSU grant and share holdings
Rhea-AI Filing Summary
XPENG INC. President Wang Fengying filed an initial ownership report showing both share and equity award positions. She directly holds 1,050,000 Class A ordinary shares and has 1,200,000 Restricted Share Units (RSUs) outstanding, each RSU representing one Class A ordinary share at a nil purchase price upon vesting.
The footnote explains she was granted 2,400,000 RSUs under the 2019 Equity Incentive Plan on March 24, 2023. These RSUs vest in four equal annual installments starting from April 1, 2023. A total of 1,200,000 RSUs vested in two equal installments on April 1, 2024 and April 1, 2025, and the remaining 1,200,000 RSUs are scheduled to vest in two equal annual installments on April 1, 2026 and April 1, 2027, subject to continued service and performance targets.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Units | -- | -- | -- |
| holding | Class A ordinary shares | -- | -- | -- |
Footnotes (1)
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