GoerTek grants stock options to nearly 6,000 employees
GoerTek Co., Ltd. has finalized the grant of stock options under its 2025 stock option incentive plan, distributing 59,716,520 options to 5,972 eligible management and business backbone employees at an exercise price of 22.21 yuan per share. This follows adjustments to the original plan, which initially included 6,302 participants and 68,060,000 options, with 330 individuals removed due to job changes or resignations. The company's board meetings on October 20, 2025, approved these adjustments and the option grant.
The incentive plan's effectiveness is contingent on specific performance targets, including 2025 revenue of not less than 129.848 billion yuan or a net profit growth of no less than 140% compared to 2023. For 2026, the targets are revenue of not less than 154.879 billion yuan or a net profit growth of no less than 180% over 2023. These options have a maximum term of 36 months, with 50% exercisable after 12 months and the remaining 50% after 24 months, subject to individual performance assessments.
The theoretical value of the granted options, calculated using the Black-Scholes model, is 528.1926 million yuan and will be expensed over the 36-month vesting period, impacting financial results from 2025 to 2027. The company confirms that all grant conditions have been met, and legal counsel has provided favorable opinions on the adjustments and grant process.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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