Big Tree Cloud grants restricted shares to distributors and employees after Equity Incentive Plan
Big Tree Cloud Holdings has granted a total of 9,892,382 restricted shares to certain distributors and employees under the Big Tree Cloud Holdings 2024 Equity Incentive Plan. The company works to develop, produce, and sell personal care products and other consumer goods in China.
The restricted shares are typically given as a form of employee compensation. The recipient must meet certain conditions before the restricted stock units are transferred to the owner. Owners cannot sell the shares until the restriction conditions are met.
Big Tree Cloud approved the 2024 Equity Incentive Plan in October last year. Under the plan, the company can grant share options, restricted shares, restricted share units, and similar equity-based compensation to attract, retain, and incentivize qualified directors, employees, and franchisees.
The maximum number of shares that may be issued under the plan was limited to 20% of the China-based company’s issued and outstanding ordinary shares. This was set to increase by 1.0% on the first day of each fiscal year, starting with the fiscal year on July 1, 2024, by 1.0% of the total number of issued and outstanding ordinary shares on the last day of the preceding fiscal year.
Headquartered in Shenzhen, China, The Big Tree Cloud company’s main products include sanitary napkins, panty liners, and sanitary underwear under the brands BigTree Cloud and Yaluota.
In June of last year, Big Tree Cloud Group was listed on the NASDAQ Global Board in the US, which it says is the only enterprise in China’s personal care products industry to be listed on the stock exchange.
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