Zhejiang Cayi Vacuum Container Co.Ltd(301004) ( Zhejiang Cayi Vacuum Container Co.Ltd(301004) . SZ) announced on April 2 that the company plans to launch the restricted stock incentive plan in 2022, granting 4150000 shares to incentive objects at the price of RMB 10.14 per share (including 3320000 shares for the first time and 830000 shares reserved), accounting for about 4.15% of the total share capital of the company on the date of announcement of the incentive plan. The company has set performance appraisal objectives at the company level and individual level.
The reporter of the economic information daily noted that the first phase of the equity incentive plan after listing implemented by the company in 2021 was terminated for special reasons. In order to reduce the adverse impact and improve participation, the granting price of restricted shares is planned to adopt independent pricing.
The draft shows that the number of restricted shares to be granted under the incentive plan is 4.15 million, accounting for 4.15% of the total share capital of the company at the time of the announcement of the draft plan. Among them, 3.32 million shares were granted for the first time, accounting for 3.32% of the total share capital of the company; 830000 shares are reserved, accounting for 0.83% of the total share capital of the company, and the reserved part accounts for 20% of the total equity to be granted this time.
The grant price of restricted shares (including reserved grants) is 10.14 yuan per share, that is, after meeting the grant conditions, the incentive object can purchase the restricted shares issued by the company to the incentive object at the price of 10.14 yuan per share. The number of incentive objects granted by the incentive plan for the first time is 68, including directors, senior managers, middle managers and core technology (business) backbone who served in the company (including subsidiaries) when the company announced the incentive plan.
According to the company, the purpose of this incentive plan is to further establish and improve the company’s long-term incentive mechanism, attract and retain talents, fully mobilize the enthusiasm of the company’s (including subsidiaries) directors, senior managers, middle managers and core technology (business) backbone, effectively combine the interests of shareholders, the company and the personal interests of the core team, and make all parties pay common attention to the long-term development of the company.
Zhejiang Cayi Vacuum Container Co.Ltd(301004) set the company level performance assessment requirements based on 2020, and the net profit growth rate of the company in 2022, 2023 and 2024 shall not be less than 30%, 60% and 90% respectively; Or based on 2020, the growth rate of the company’s operating revenue in 2022, 2023 and 2024 shall not be less than 80%, 120% and 160% respectively. The reserved grant part is based on 2020, and the net profit growth rate of the company in 2023 and 2024 shall not be less than 60% and 90% respectively; Or based on 2020, the growth rate of the company’s operating revenue in 2023 and 2024 shall not be less than 120% and 160% respectively.
After the performance assessment at the company level reaches the standard, the individual performance of the incentive object needs to be assessed, and the actual sales restriction amount of the incentive object shall be determined according to the performance assessment results.
Zhejiang Cayi Vacuum Container Co.Ltd(301004) said that the assessment system of the incentive plan is comprehensive, comprehensive and operable, and the setting of assessment indicators is scientific and reasonable. At the same time, it has a restrictive effect on Incentive objects and can achieve the purpose of assessment.
On April 1, Zhejiang Cayi Vacuum Container Co.Ltd(301004) fell 2.98% to close at 20.20 yuan / share.
