Kingsoft Cloud Grants 1M RSUs to Employees
Ticker: KCLHF · Form: 6-K · Filed: Mar 22, 2024 · CIK: 1795589
| Field | Detail |
|---|---|
| Company | Kingsoft Cloud Holdings LTD (KCLHF) |
| Form Type | 6-K |
| Filed Date | Mar 22, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, rsus, employee-compensation
TL;DR
Kingsoft Cloud just dropped 1M RSUs on employees, vesting over 3 years. Retention play.
AI Summary
Kingsoft Cloud Holdings Limited announced on March 22, 2024, the grant of 1,000,000 restricted share units (RSUs) to certain employees and directors under its 2021 Share Incentive Plan. These RSUs vest over a period of three years, with one-third vesting annually on the anniversary of the grant date.
Why It Matters
This grant of RSUs indicates the company's commitment to retaining and incentivizing its key personnel, aligning their interests with the long-term success of the company.
Risk Assessment
Risk Level: low — The filing is a routine announcement regarding employee stock grants, which typically carries low risk.
Key Numbers
- 1,000,000 — Restricted Share Units (Granted to employees and directors)
- 3 years — Vesting Period (RSUs vest over three years)
Key Players & Entities
- Kingsoft Cloud Holdings Limited (company) — Registrant
- 1,000,000 (dollar_amount) — Number of Restricted Share Units granted
- 2021 Share Incentive Plan (company) — Plan under which RSUs were granted
- March 22, 2024 (date) — Date of announcement and grant
FAQ
What is the total number of restricted share units granted?
The company granted a total of 1,000,000 restricted share units.
Under which plan were the restricted share units granted?
The restricted share units were granted pursuant to the 2021 Share Incentive Plan.
What is the vesting schedule for these restricted share units?
The restricted share units vest over a period of three years, with one-third vesting annually on the anniversary of the grant date.
Who received these restricted share units?
The restricted share units were granted to certain employees and directors of the company.
On what date was this grant announced?
The announcement regarding the grant of restricted share units was made on March 22, 2024.
Filing Stats: 185 words · 1 min read · ~1 pages · Grade level 12.8 · Accepted 2024-03-22 09:19:35
Filing Documents
- tm249548d1_6k.htm (6-K) — 14KB
- tm249548d1_ex99-1.htm (EX-99.1) — 48KB
- tm249548d1_ex99-1img001.jpg (GRAPHIC) — 3KB
- 0001104659-24-037618.txt ( ) — 68KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission file number: 001-39278 Kingsoft Cloud Holdings Limited (Exact Name of Registrant as Specified in Its Charter) Building D, Xiaomi Science and Technology Park, No. 33 Xierqi Middle Road, Haidian District Beijing, 100085, the People’s Republic of China (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F EXHIBIT INDEX Exhibit No. Description 99.1 Announcement on The Stock Exchange of Hong Kong Limited Regarding Grant of Restricted Share Units Pursuant to the 2021 Share Incentive Plan, dated March 22, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Kingsoft Cloud Holdings Limited Date: March 22, 2024 By: /s/ Haijian He Name: Haijian He Title: Chief Financial Officer and Director