Moyuan incentive Plan: pig sales will increase by no less than 25% in 2022

2022-07-05 0 By

On the evening of February 11, Makihara (Z) disclosed its draft restricted stock Incentive Plan for 2022.The incentive tool adopted in this incentive plan is restricted stock.The stock source is that the company issues A common shares to the incentive target.The number of restricted shares to be granted is 81,080,700 shares, accounting for 1.54% of the company’s total share capital of 5,26,235,8594 shares at the time of signing the incentive Plan.Among them, 64,864,500 shares were granted for the first time, accounting for 80% of the total restricted stock grant and 1.23% of the total share capital of the Company at the time of signing the incentive plan; 16,216,200 shares were reserved, accounting for 20% of the total restricted stock grant and 0.31% of the total share capital of the Company at the time of signing the incentive Plan.The amount of restricted stock granted to any individual subject of the incentive plan did not exceed 1% of the total share capital of the Company at the time the draft incentive plan was announced.According to the incentive plan, the total number of incentive objects granted is 6,093, including the directors, senior management, core management, core technical personnel, core business personnel and other personnel in need of incentive according to the board of directors of the company when the company announces the incentive plan.Limiting the incentive program grant of restricted stock price of 30.52 yuan/share, awarded the higher prices for the following: 1. This incentive plan one day prior to the announcement of the company stock trading average (1 / total trading day trading stocks before the one day stock trading volume) 50% of 61.03 yuan per share, per share 30.52 yuan.2. 28.41 Yuan per share is 50% of the average price of 56.81 Yuan per share in the 20 trading days before the announcement of this incentive plan (total amount of stock trading in the first 20 trading days/total amount of stock trading in the first 20 trading days).The period of validity is from the date of the first grant of restricted shares to the date of the cancellation of all the restricted shares granted to the incentive target, and the maximum period is 48 months.The conditions for lifting the restriction on the sale of restricted stock include performance appraisal at the company level and performance appraisal at the individual level.The assessment year is two fiscal years from 2022 to 2023, and the assessment will be conducted once for each fiscal year.It is worth noting that the company’s performance level evaluation is put forward, first remove restricted period of performance target for sales base in 2021 pigs, 2022 pigs sales growth rate of no less than 25%, the second lift restricted period of performance target for sales of 2021 pigs base, pig sales growth rate is not lower than 40% in 2023.The growth rate of live pig sales is subject to the data contained in the company’s sales newsletter or periodic report.If the company fails to meet the performance appraisal target of the current year, the restricted shares of all incentive objects in the corresponding appraisal year shall not be lifted from sale restriction and shall be repurchased and cancelled by the company. The repurchase price shall be the sum of the grant price plus the bank deposit interest of the corresponding period.The personal assessment of the incentive object shall be organized and implemented in accordance with the relevant provisions of the current salary and assessment.Grazing the original co to motivate each appraisal object annual comprehensive assessment scores/rating, and shall be determined according to the assessment results of incentive object its lifting restricted scale: assessment of incentive object only if the unlock period of one year for “A” or “B +” can be in accordance with the relevant provisions of the incentive plan for the unlock period can apply for to unlock all unlock restricted stock;If the last year’s assessment is “B”, the applicant can apply for unlocking 80% of the restricted stock that can be unlocked during the unlocking period;If the last year’s assessment is “C”, 50% of the restricted stock that can be unlocked during the unlocking period can be applied for unlocking;And last year’s assessment of “D” can not unlock.The actual amount of sales restriction lifted by the incentive target in the current year = the proportion of sales restriction lifted by the assessment result × the amount of sales restriction lifted by the individual in the current year as planned.Restricted shares that have not been lifted from sale restriction in the appraisal year of the incentive object shall be cancelled by the company through repurchase, and the repurchase price shall be the sum of the grant price plus the bank deposit interest of the corresponding period.Source: China News network, the Paper