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Taoping Inc. 6-K Report: 2M Shares Granted to Executives for 2024 Equity Incentive Plan

$TAOP
Form 6-K
Filed on: 2024-12-31
Source
Taoping Inc. 6-K Report: 2M Shares Granted to Executives for 2024 Equity Incentive Plan

The key information extracted from the financial report (Form 6-K) for Taoping Inc. is as follows:

General Information:

  • Company Name: Taoping Inc.
  • Form Type: 6-K (Report of Foreign Private Issuer)
  • Commission File Number: 001-35722
  • Filing Date: December 31, 2024
  • Address: 21st Floor, Everbright Bank Building, Zhuzilin, Futian District, Shenzhen, Guangdong, 518040, People's Republic of China.

Restricted Share Grants:

  • On December 27, 2024, the board of directors granted a total of 2,000,000 restricted ordinary shares to directors, executive officers, and employees as compensation for their services.
  • All restricted shares vested immediately on the grant date.
  • The grants were made under the Company's 2024 Equity Incentive Plan, which is registered via Form S-8 (File No. 333-283697).

Specific Grants:

  1. Jianghuai Lin (CEO & Chairman) - 1,000,000 shares
  2. Zhiqiang Zhao (President & Director) - 270,000 shares
  3. Zhixiong Huang (COO) - 270,000 shares
  4. Iris Yan (CFO) - 270,000 shares
  5. Huan Li (CMO) - 80,000 shares
  6. Guangzeng Chen (CTO) - 15,000 shares
  7. Ping Cai (Director) - 15,000 shares
  8. Yong Jiang (Director) - 15,000 shares
  9. Remington C.H. Hu (Director) - 15,000 shares

Summary:

  • The total number of shares granted is significant, particularly the allocation to the CEO, which indicates a strong commitment to incentivizing leadership.
  • The immediate vesting of shares suggests a strategy to align the interests of the executives with those of the shareholders, promoting long-term performance.

This information is crucial for stakeholders to understand the compensation structure and governance practices of Taoping Inc., as well as the potential impact on shareholder value through equity incentives.