Kingsoft Cloud Grants 1M Restricted Share Units
Ticker: KCLHF · Form: 6-K · Filed: Nov 26, 2024 · CIK: 1795589
| Field | Detail |
|---|---|
| Company | Kingsoft Cloud Holdings LTD (KCLHF) |
| Form Type | 6-K |
| Filed Date | Nov 26, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: equity-incentive, employee-compensation, share-grants
TL;DR
Kingsoft Cloud just dropped 1M RSUs to employees, vesting over 3 years. Retention play.
AI Summary
Kingsoft Cloud Holdings Limited announced on November 26, 2024, the grant of 1,000,000 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 each anniversary of the grant date, provided the recipient remains employed by the company.
Why It Matters
This grant of RSUs indicates the company's strategy to retain and incentivize key employees by aligning their interests with the company's long-term performance.
Risk Assessment
Risk Level: low — The filing is a routine announcement of share unit grants, which is a common employee incentive practice and does not present immediate financial risk.
Key Numbers
- 1,000,000 — Restricted Share Units (Granted to employees as an incentive)
- 3 years — Vesting Period (RSUs vest over this period, subject to continued employment)
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
- November 26, 2024 (date) — Date of the 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 company's 2021 Share Incentive Plan.
What is the vesting schedule for these restricted share units?
The RSUs vest over a period of three years, with one-third vesting on each anniversary of the grant date.
What is the condition for the vesting of these RSUs?
The vesting is conditional upon the recipient remaining employed by the company on each vesting date.
On what date was this grant announced?
The announcement regarding the grant of restricted share units was made on November 26, 2024.
Filing Stats: 184 words · 1 min read · ~1 pages · Grade level 13.2 · Accepted 2024-11-26 08:43:02
Filing Documents
- tm2429589d1_6k.htm (6-K) — 11KB
- tm2429589d1_ex99-1.htm (EX-99.1) — 35KB
- tm2429589d1_ex99-1img001.jpg (GRAPHIC) — 12KB
- 0001104659-24-122865.txt ( ) — 65KB
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 ofNovember 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 November 26, 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: November 26, 2024 By: /s/ Haijian He Name: Haijian He Title: Chief Financial Officer and Director