Summary by Moomoo AI
On June 15, 2024, Li Auto Inc. granted 2,595,050 restricted share units to 195 employees, representing approximately 0.12% of Class A ordinary shares. This is done in accordance with the terms and conditions of the company's 2019 share incentive plan and award agreement. The purchase price of the restricted share units is $0.1 per unit, while the market price of Class A ordinary shares on the day was HKD 73.75 per share and the American Depositary Shares are $18.80 per share. The vesting period ranges from 0 to 60 months and performance targets are set. The granted restricted share units will be forfeited if the performance assessment results are not qualified or if the company regulations are violated. The grant does not require shareholder approval, and no director, senior executive or major shareholder is the grantee of the restricted share units. The Li Auto Inc. board of directors includes Executive Directors Li Xiang, Ma Donghui, and Li Tie, Non-Executive Directors Wang Xing and Fan Zheng, as well as Independent Non-Executive Directors Zhao Hongqiang, Jiang Zhenyu, and Professor Xiao Xing.