Equity incentives in the gem are in trouble: the stock price is hard to block turnover

According to the Xinhua news agency, the bank was ridiculed as a "walk Show" "Send red envelopes" of the gem listed companies, the implementation of equity incentive plan, not only did not retain key core talent, in the http://www.aliyun.com/zixun/aggregation/30567.html "The > Two market has also been abandoned, the share price fell sharply, or even far below the equity incentive agreed to the right price."

Wind data show that the current listing of the gem companies, 46 of the proposed equity incentive plan. But in contrast to the closing price of 21st, 37 of the companies had lower prices than they did on the day. This year, more than 4 companies have taken the initiative to stop the equity incentive plan. The collective upside down of the stock price and the right price of the gem makes the equity incentive into a dilemma.

It's hard to do the share price plunge

In order to motivate employees and retain talent, many gem companies have proposed equity incentive plans. However, the gorgeous, attractive equity incentive plan, but can not afford to leave the market, in the stock price of the overall slump in the market, the incentive to face the embarrassment of the right to do.

Wind data shows that the gem opened the board in the past two years, 46 companies have proposed equity incentive plans. So far, 21 companies have implemented equity incentive schemes. However, the reporter compared found that 12 of the equity incentives for the first time the implementation of the announcement day's share price is lower than the agreed line price.

In contrast to the closing price of the 21st, 37 of the 21st closing prices were lower than the right price. Obviously, in the current downturn in the market environment, compared with the previous high P/E, high price ratio, the recent market abandonment of the gem, so that the right price and the current stock prices appear collective upside down phenomenon. Affected by this, the incentive object is difficult to do right.

This year, there are more Shenzhou Thai Yue, China Electric, Ningbo gqy, Shuang Lin shares 4 companies announced the abolition of the equity incentive plan. The reason is no exception is "the market environment has changed greatly, if the continued implementation of the stock option Incentive plan, it will be difficult to truly achieve the desired incentive effect."

"Golden handcuffs" hard to stop leaving the tide

However, the seemingly gorgeous equity incentive plan has not curbed the loss of executives, but also can not help but to ponder the "golden handcuffs" is not the same.

The public information revealed that as of October 21, 2011, the board of directors resignation announcement close to 190. Only October 10 to 21st this year, 11 executives resigned.

And the implementation of the equity incentive plan of the 48 gem companies, not only senior executives leave, some core technical personnel have also left. The revised draft of the stock option Incentive plan, which was passed by Shenzhou Yue April 8 This year, shows that the target is 280 people and a total of 4.5 million; but the April 13 authorization date, Shenzhou Yue actually granted 3,854,850 options to only 262 participants, the reduction of 18 people were separated for personal reasons, and China Tai Yue September 30 issued the Cancellation option Incentive Plan Bulletin said, and 26 of the target for personal reasons, no longer have the incentive to qualify, involving the number of shares options 284,050.

Pathfinder, Hop Kang frequency, green water and other gem Company's senior executives and core technical personnel are also in the implementation of equity incentive plan after leaving. The Pathfinder Fan Yongjian resigned after half a month after the launch of the equity incentive plan. Hop Kang frequency conversion at the end of May to launch the equity incentive plan, August 3, one of the company's core technical personnel wing hope for "personal career development" reasons to leave. September 1, Lianghui resigned as director and deputy general Manager of technology development.