Bilibili Inc. has announced the grant of 3,088,943 Restricted Share Units (RSUs) to 291 employees, including two independent non-executive Directors, under the Second Amended and Restated 2018 Share Incentive Plan. This grant represents approximately 0.75% of the company's Class Z Ordinary Shares. Notably, due to administrative reasons, the vesting period for the RSUs granted to the two Directors is shorter than the standard 12 months. The Compensation Committee and the Board, with relevant members abstaining from voting on their own grants, have affirmed that these terms align with market practices. There are no additional performance targets attached to these RSUs, but they are subject to clawback if a grantee's employment is terminated.
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