Cosco Shipping Energy completes stock option grant registration

COSCO SHIPPING Energy Transportation Co., Ltd. (SSE: 600026) announced the completion of registration for reserved grants under its 2023 stock option incentive plan on February 14, 2025. The grants cover 4,635,800 stock options to 24 eligible employees, with an exercise price of RMB 12.09 per share. The options vest in three tranches after a 24-month lock-up period, with 33% vesting at the end of the first two periods and 34% in the final period. The company estimates a total cost of RMB 22,808,136 for these options, to be amortized over the vesting period, impacting financial results from 2025 to 2028.