ZTE Unveiled 2020 Equity Incentive Plan

Updated:2020/10/14 11:49

Lately ZTE published its 2020 Plan on Incentive Stock Options (ISOs) (Draft).

ZTE announced to grant no more than 163,492,000 stock options as an act of incentive. Corresponding stocks are expected to account for 3.5438% of capital stocks issued when this plan is approved at the shareholder meeting. 158,492,000 stocks will be granted first, accounting for approx. 96.9417% of total stocks granted in this plan.

This plan targets directors, senior executives, and key business people among others in the company. No more than 6,124 persons will be involved in the first stock granting, accounting for 8.84% of ZTE's present payroll.

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