How to reasonably distribute the equity of the company s listed employees?

Usually, before the company goes public, under the premise of forming a standardized equity incentive mechanism, the company will release 2-4% of the options every year, so if the option pool is reserved for 10-15% at the beginning, it will generally be issued in about five years. If the company goes public quickly, it may be that some of the employee incentive pool will go public before it is used up. There are also quite a few companies whose first incentive pool has been used up, but has not yet been listed, and in order to support the continuous incentive, it is necessary to negotiate with shareholders to expand the incentive pool, revise the old plan or review and approve the new plan.

Usually, the timing of the option pool again will be when the company has new financing. The size of the new option pool depends both on the company's development needs and on the ideas of the existing shareholders. If the company's fundamentals are good and it is in a strong position in the financing negotiations, it can ask new investors to invest first, and then all shareholders will set up a new option pool; If the investor is stronger, the company may have to refinance the new option pool before raising funds.

Taking into account the total amount of pre-IPO rights pools and the pace of listing, among technology companies, the cumulative total amount of pre-IPO grants commonly found in the market is 10% (onshore) to 15% (offshore). Futu ESOP reminds that this data varies greatly among different industries.

After the company is listed, it also needs to make an equity incentive plan. Taking Hong Kong stocks as an example, Hong Kong stocks have a very strong options culture, and Chapter 17 of the Hong Kong Listing Rules has a special chapter on the option rules. Companies listed on the Hong Kong stock market will generally set a 10% total amount of option incentive plans based on the cap set out in the Listing Rules.

U.S. stocks vary slightly, but most companies plan for the long term around the 10% benchmark.

For companies that have established equity incentive plans, the annual grant ratio for mid-cap companies is generally 1-2%, and the higher the market capitalization of the company, the lower the ratio.

Mr. Lin said: The formulation and implementation of the equity incentive plan is not a one-time time, and it requires a special organization or personnel to continuously improve the equity incentive plan and system. Generally speaking, a company of a certain size needs to set up a special committee to manage equity incentives, which is subordinate to the equity incentive group of the remuneration and appraisal committee, and the day-to-day affairs are carried out by the secretariat.

For smaller companies, the equity incentive management team is led by the chairman and general manager of the company, and the human resources department cooperates.

There are basically three ways, one is an option, and the option is to agree to buy it in the future; One is restrictive, which is given to the employee now, but there are restrictions on the transfer in the future; One is the Employee Stock Ownership Plan!

How to reasonably distribute the equity of the company's listed employees? I think the company will definitely consider the size of the employee's contribution, as well as the employee's working years, etc., and then distribute the heroes.

Before the IPO, there is no provision on the proportion of shares held by the management, and the total number of shares shall not exceed 10% of the total share capital of the company, and the shares shall be purchased according to PE** or lower than PE**, as follows:

1. On the proportion of shares held by the management.

Before the IPO, there are no regulations on the shareholding ratio of the management, generally direct or indirect shareholding, options and restrictive ** can not be done, if there is a declaration to clean up or exercise the rights. When a private company goes public, the equity ratio to the management ranges from 0% to 10%.

1. The management shareholding ratio is highly related to the industry: the greater the demand for people, the higher the shareholding ratio, and most of the management shareholding ratio of more than 10% is technology-related companies.

2. In addition, the shareholding ratio of the management is highly related to the personality of the boss: some companies, such as Aisid, have a wide range of equity grants, and the proportion is also very good, while some companies do not do a single share.

3. According to my observation, the management shareholding ratio of most private companies planning to IPO is between 2% and 10%.

2. Number of shares.

There is a regulation on the number of underlying shares that a listed company may use as an equity incentive.

3. Shareholding**.

If it is based on the preparation of the IPO for management shareholding, there are usually several ways to invest in the shares, which can be divided as follows:

1. Same as PE shareholding**: If there is PE shareholding, at that point in time, we can roughly regard PE's shareholding** as fair**. If the management holds shares according to PE, then it can be roughly regarded as not taking advantage and not suffering much loss, the advantage is that it saves a lot of explanation work, and the disadvantage is that the shareholding is high - sometimes it is even unattractive to the management and cannot be operated.

2. Lower than PE shares: When the management shareholding and PE shares are close to each other, and lower than PE shares, then the processing is a little troublesome, for the main board and small and medium-sized board listing, it is generally necessary to do "share payment" treatment, forming a sum that only exists in the book, does not affect cash flow and does not affect taxes, but the impact of the company's book profit may be the impact of the company's meeting the listing conditions.

For the GEM, there should be no requirement for share-based payment processing at present. I haven't studied the recent window guidance document, so I don't know if the regulations have been updated.

There are generally two ways to do it when the stake is low:

1. Invest in shares at 1 yuan per share.

2. Invest in shares according to the net assets per share.

The former, whether it is a capital increase or a transfer, can be roughly regarded as the most preferential situation, but now it is becoming less and less operable - it may be forcibly adjusted by the tax bureau at the time of transfer as a price based on the net assets per share and the collection of individual income tax; In addition, it is difficult to explain the fairness of equity transfer.

If the net assets per share are purchased more than 6 months earlier than the time of PE shareholding, it can be interpreted as fair in the current period and avoid problems such as share payment.

Legal basis

Article 12 of the Measures for the Administration of Equity Incentive Plans of Listed Companies: "The total number of targets involved in all effective equity incentive plans of listed companies shall not exceed 10% of the total share capital of the company. ”

There are usually three distribution methods for the distribution of listed equity of a company: equal distribution, absolute control, and differentiated distribution of equity. In daily life, if the equity distribution is evenly distributed, once the company has disagreement, the decision-making is not very efficient, but its advantage is that shareholders share risks and benefits.

With absolute control, decision-making is very effective, but the risk is the greatest; Differentiated equity allocation is a combination of the best of both worlds and is the most common.

It is determined according to the percentage of shares originally held in the company and the number of new issuances at the time of listing;

For example, if the company's original share capital is 100 million shares, you hold 30 million shares, 30% of the shares; The company issued 50 million new shares when it was listed;

After listing, you still hold 30 million shares, but the equity becomes 30 million (100 million + 50 million) = 20%.

For example, if the company's original share capital is 100 million shares, you hold 30 million shares, accounting for 30%; The company issued 50 million shares when it was listed; After listing, it still holds 30 million shares, but the share capital becomes 30 million divided by 100 million + 50 million = 20%. The so-called equity incentive refers to a certain equity arrangement between the company and some or all employees, such as granting a certain number of companies in a certain way, or giving employees the right to purchase a company for a certain period of time.

How to distribute the company's equity after listing?

Hello, I am a cooperative lawyer of LegalPro platform, and I am happy to serve you.

For example, if the company's original share capital is 100 million shares, you hold 30 million shares, accounting for 30%; The company issued 50 million shares when it was listed; After listing, it still holds 30 million shares, but the share capital becomes 30 million divided by 100 million + 50 million = 20%. The so-called equity incentive refers to a certain equity arrangement between the company and some or all employees, such as granting a certain number of companies in a certain way, or giving employees the right to purchase a company for a certain period of time.

Article 42 of the Company Law of the People's Republic of China stipulates that [Voting Rights of Shareholders] Shareholders shall exercise their voting rights in accordance with the proportion of capital contribution at the shareholders' meeting; However, unless otherwise provided in the Articles of Association.

Article 43 [Deliberation Methods and Voting Procedures of Shareholders' Meetings] Except as provided in this Law, the deliberations and voting procedures of shareholders' meetings shall be prescribed by the articles of association. Resolutions made at the shareholders' meeting to amend the articles of association, increase or decrease the registered capital, as well as resolutions on the merger, division, dissolution or change of the form of the company, must be passed by shareholders representing more than two-thirds of the voting rights.

Hello, I invested in this ** subscription, and now it is said that I want to subscribe for equity and want me to join another company for equity distribution, is this process correct?

Is this how the equity subscription process works? Whether there is fraud.

Generally speaking, a start-up company should plan the company's shareholding structure before investors enter, and the company's founder should have an absolute controlling stake. Because equity is the right of shareholders to obtain economic benefits from the company and participate in the operation and management of the company based on their shareholder qualifications.

How to distribute the company's equity after listing is determined according to the percentage of the company's shares originally held and the amount of new issuance at the time of listing;

The distribution of equity is actually a university question, and there are special equity incentive training companies in this regard, and it is recommended that you cooperate to land soundly, and the courses in this area are very effective. If you don't understand, you can ask, I wish you all the best in your work.

After the equity of the shareholders is distributed, part of the ** is reserved for senior employees, and some are also reserved as rewards for outstanding employees.

The distribution of equity is actually a university question.

It is determined based on the percentage of shares originally held by He Index, the number of shares held by Nian Pai and the number of new issues at the time of listing. Equity is first divided into two categories: capital equity and operation and management equity, that is, economic rights and political rights.

First of all, the equity of these two parts should be clearly determined, and the equity of these two parts should be distributed not from the perspective of people, but according to the perspective of these two categories.

Article 8 of the Measures for the Administration of Equity Incentives of Listed Companies may include the directors, senior managers, core technical personnel or core business personnel of the listed company, as well as other employees who the company believes should be incentivized and have a direct impact on the company's operating performance and future development, but shall not include independent directors and supervisors. Foreign employees who serve as directors, senior managers, core technical personnel, or core business personnel of listed companies may be eligible for incentives.

There are three ways to distribute dividends to municipal enterprises, namely dividends, share gifts, and transfer shares. Listed companies can pay dividends in one or three ways at the same time. 1.

Dividends are paid directly in cash. 2.Giving away shares converts the cash dividends into share capital, and giving 1 share per share is equivalent to a dividend of 1 yuan per share.

3.Conversion of shares, the provident fund into share capital, each share to increase 1 share is equivalent to 1 yuan per share to increase the provident fund. After the dividend is paid and transferred**, the number of shares held by shareholders and the stock price will change accordingly

1.The number of shares held by shareholders increases accordingly. ** number after ex-rights = original number of shares held x (1 + number of transfers per share) 2

After the stock price is ex-rights, it will be lowered accordingly, and the ex-rights price = (**price on the equity record date - dividend per share) (1 + number of shares converted to increase **) 10 shares will be given 5 shares 10 shares will be converted into 10 distributions 2, that is: 1cash per share (withholding tax yuan, actual cash yuan per share); 2.

Each share is given to shareholders in the form of share capital with dividends (each share is given shares); 3.Each share is converted into shareholders in the form of share capital with a reserve fund of 1 yuan (each share is converted into 1 share). After the dividend is paid and transferred, the number of ** held by shareholders is multiple of the original. 2）/