Ant Group issues a company-wide letter: Performance stock incentives change from annual vesting to quarterly vesting

Jinshi data news on February 28th, Ant Group issued a letter to all employees, making two adjustments to the salary structure to improve the Liquidity and incentive immediacy of employee compensation. The core content of the letter is, first, for employees at level 17 and below, the 13th month salary will be integrated into the monthly basic salary instead of being paid out at the end of the year, increasing monthly cash flow. For employees at level 18 and above, the 13th month salary will be integrated into the annual bonus, linked to performance incentives, starting from the CY25 performance year, an additional month's salary will be added as the bonus base based on the annual assessment. Second, performance stock incentives will change from annual vesting to quarterly vesting. Starting from April 1, 2025, newly granted performance shares will be adjusted from annual vesting to quarterly vesting, with employees receiving 1/16 of the equity vesting every quarter.