Kingsoft Cloud Grants 1.1M Restricted Share Units
Ticker: KCLHF · Form: 6-K · Filed: Jun 3, 2024 · CIK: 1795589
| Field | Detail |
|---|---|
| Company | Kingsoft Cloud Holdings LTD (KCLHF) |
| Form Type | 6-K |
| Filed Date | Jun 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: employee-incentive, stock-grant, rsus
TL;DR
Kingsoft Cloud just dropped 1.1M RSUs to employees, vesting over 3 years. Retention play.
AI Summary
Kingsoft Cloud Holdings Limited announced on June 3, 2024, the grant of 1,100,000 restricted share units (RSUs) to certain employees under its 2021 Share Incentive Plan. These RSUs will vest over a period of three years, with 33.33% vesting on the first anniversary of the grant date, and the remaining RSUs vesting in equal installments on the second and third anniversaries.
Why It Matters
This grant of RSUs indicates the company's commitment to retaining and incentivizing its employees, which can be a positive sign for future performance and stability.
Risk Assessment
Risk Level: low — The filing is a routine announcement regarding employee stock grants, with no immediate financial or operational risks disclosed.
Key Numbers
- 1,100,000 — Restricted Share Units (Granted to employees under the 2021 Share Incentive Plan.)
Key Players & Entities
- Kingsoft Cloud Holdings Limited (company) — Registrant
- 1,100,000 (dollar_amount) — Number of Restricted Share Units granted
- 2021 Share Incentive Plan (company) — Plan under which RSUs were granted
- June 3, 2024 (date) — Grant date of RSUs
FAQ
What is the total number of restricted share units granted?
A total of 1,100,000 restricted share units were granted.
Under which plan were the restricted share units granted?
The restricted share units were granted under the 2021 Share Incentive Plan.
What is the vesting schedule for these restricted share units?
The RSUs vest over three years, with 33.33% vesting on the first anniversary of the grant date, and the remainder vesting in equal installments on the second and third anniversaries.
When was the grant of restricted share units announced?
The announcement regarding the grant of restricted share units was made on June 3, 2024.
Who received the restricted share units?
The restricted share units were granted to certain employees of Kingsoft Cloud Holdings Limited.
Filing Stats: 185 words · 1 min read · ~1 pages · Grade level 12.8 · Accepted 2024-06-03 07:20:23
Filing Documents
- tm2415935d1_6k.htm (6-K) — 11KB
- tm2415935d1_ex99-1.htm (EX-99.1) — 38KB
- tm2415935d1_ex99-1img01.jpg (GRAPHIC) — 3KB
- 0001104659-24-067448.txt ( ) — 53KB
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 June 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 June 3, 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: June 3, 2024 By: /s/ Haijian He Name: Haijian He Title: Chief Financial Officer and Director