SMIC gave away 2 billion yuan to employees for free, and four senior executives received more than 10 million yuan in rewards

Latest update time：2021-09-01 08:33

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July 20 news: Recently, SMIC (688981) launched another big move.

Yesterday evening, SMIC issued an announcement stating that the company's board of directors reviewed and approved the "Proposal on the Initial Grant of Restricted Stocks to Incentive Targets."

The proposal determines July 19, 2021 as the grant date, and grants 67.5352 million restricted shares to 3,944 incentive targets at a grant price of RMB 20 per share.

SMIC has once again generously given incentives to its employees, and of course this incentive also includes senior executives.

Based on the current price of SMIC's A shares, this is equivalent to giving more than 2 billion yuan to employees for free, which can be considered a generous move.

Of course, the people who may benefit the most are the four senior executives of SMIC.

According to the announcement, SMIC Chairman Zhou Zixue, Vice Chairman Jiang Shangyi, Co-CEO Zhao Haijun and Co-CEO Liang Mengsong each received 400,000 shares of equity incentives.

It is reported that this large-scale incentive is still due to the demand for talents, especially core technical personnel.

Previously, SMIC had faced the embarrassing situation of core technical personnel leaving.

In early July, Wu Jingang, a core technical staff of SMIC, announced his resignation.

According to public information, Wu Jingang served as vice president of technology research and development while working at SMIC, and was responsible for some advanced process technology research and development.

There are many different opinions in the industry about the reason for Wu Jingang's resignation. However, more people speculate that it may be related to insufficient equity incentives. It is understood that as a core technical personnel of SMIC, Wu Jingang received the least number of stocks.

According to Wind data, a total of 390 listed companies have implemented equity incentives with stocks as the incentive target since the beginning of this year.

In terms of the number of equity incentives, Wen's shares had the largest number, with a total of 260 million shares granted.

In addition, the number of incentives for the four companies, Longbai Group, Wuchuang Zhongda, Youngor and Shanghai Port Group, also exceeded 100 million shares.

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