Largan Precision: Board Resolution to Issue Restricted Stock Units to Employees
Largan Precision (Taiwan) has resolved to issue restricted stock units (RSUs) to employees to attract and retain talent, enhancing employee engagement and driving sustainable growth and shareholder value.
📋 Article Processing Timeline
- 📰 Published: April 20, 2026 at 09:00
- 🔍 Collected: April 21, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 28, 2026 at 22:18 (182h 18m after Collected)
1. Date of Board Resolution: 115/04/20 (April 20, 2026)
2. Expected Issuance Price: This issuance is gratuitous, with an issuance price of NT$0.
3. Estimated Total Issuance (Shares): A total of 700,000 common shares.
4. Vesting Conditions:
For the restricted stock units granted under these regulations, employees must remain employed from the grant date until the expiry date of each vesting condition, and their individual performance rating in the year prior to the expiry date must be in the top 50% of that year. The vesting ratios for shares are as follows:
(1) One year after the grant date: 20% vesting ratio (rounded up to the nearest share).
(2) Two years after the grant date: 20% vesting ratio (rounded up to the nearest share).
(3) Three years after the grant date: 20% vesting ratio (rounded up to the nearest share).
(4) Four years after the grant date: 20% vesting ratio (rounded up to the nearest share).
(5) Five years after the grant date: Remaining shares.
5. Handling of employees who do not meet vesting conditions or in case of inheritance:
Shares that have not yet met the vesting conditions will be unconditionally retrieved and cancelled by the company in accordance with the law.
6. Other Issuance Conditions: Detailed conditions will be handled in accordance with the company's "115 Restricted Stock Units Issuance Regulations."
7. Employee Eligibility Requirements:
(1) Employees eligible for allocation are limited to full-time employees of the company and its controlled or subordinate companies who are employed on the grant date of the restricted stock units. "Controlled or subordinate companies" are determined in accordance with Articles 369-2, 369-3, 369-9 Paragraph 2, and 369-11 of the Company Act, or in accordance with updated laws and regulations of the competent authority before issuance.
(2) To protect shareholder rights, the company will carefully manage these regulations. Personnel eligible for restricted stock units will be limited to: (A) key personnel related to the company's future successful development, (B) individuals whose performance is of considerable value to the company, (C) core new employees, etc.
8. Reasons for the Necessity of this Restricted Stock Units Issuance:
To attract and retain professional talent required by the company, and to enhance employee loyalty and sense of belonging to the company, thereby increasing competitiveness and jointly creating higher corporate and shareholder value.
9. Possible Expensed Amount:
The company's current outstanding shares are 130,798,197 shares. The estimated ratio of restricted stock units issued to total outstanding shares is 0.54%. Based on the closing price of NT$2,605 on April 17, 2026, the total possible expensed amount, assuming all vesting conditions are met, is NT$1,823,500,000.
10. Dilution of Earnings Per Share (EPS):
Based on the related expenses recognized annually over the vesting period as stipulated in the regulations, and with the current outstanding shares of 130,798,197, the estimated EPS dilution for the years 2026 to 2031 is approximately NT$4.46, NT$4.40, NT$2.61, NT$1.53, NT$0.77, and NT$0.17 respectively.
11. Other Matters Affecting Shareholder Equity: Based on the estimated EPS dilution from this restricted stock units issuance, it is not expected to cause a material impact on shareholder equity.
12. Rights of employees restricted before meeting vesting conditions after receiving or subscribing for new shares:
(1) Employees may not request the trustee to return the restricted stock units for any reason or method.
(2) Employees may not sell, pledge, transfer, gift to others, set up, or otherwise dispose of the restricted stock units they receive under these regulations.
(3) All rights related to shareholder equity, such as attendance, proposals, speeches, voting rights, and election rights at the company's shareholders' meetings, are entrusted to a trust institution for exercise.
(4) These shares enjoy profit distribution rights (including but not limited to: dividends, bonuses, capital reserve distribution rights). However, cash dividends received, stock dividends, and distributed capital reserves must all be delivered to the trust and will only be delivered to employees without interest upon meeting the vesting conditions; if vesting conditions are not met, the company will reclaim all such cash and shares (shares will be cancelled according to law).
Furthermore, before meeting the vesting conditions, employees do not have subscription rights for cash capital increases; if during the period from fifteen business days before the book closure date for the company's subscription record date until the ex-rights date, employees whose restrictions are lifted do not enjoy subscription rights.
(5) If the company undertakes capital reductions during the vesting period, such as cash capital reduction or capital reduction to offset losses, not due to statutory capital reduction, the restricted stock units shall be cancelled in proportion to the capital reduction. In the case of a cash capital reduction, the returned cash must be delivered to the trust and will be delivered to employees without interest upon meeting the vesting conditions; however, if vesting conditions are not met, the company will reclaim such cash.
13. Other Important Agreements (including stock trust custody, etc.):
After the issuance of restricted stock units, they shall be immediately delivered to a trust, and the company or a person designated by the company shall act as the agent for all allocated employees to sign and amend relevant trust contracts with the trust institution and fully manage related trust affairs.
14. Other Matters to be Specified:
(1) If there is a need to amend the issuance conditions and regulations for restricted stock units due to changes in laws and regulations, review requirements by competent authorities, or other factors, the Chairman is authorized to revise these regulations. The revised regulations shall be reported to the Board of Directors for retroactive approval before issuance.
(2) Any matters not covered by these regulations shall be handled in accordance with relevant laws and regulations.
2. Expected Issuance Price: This issuance is gratuitous, with an issuance price of NT$0.
3. Estimated Total Issuance (Shares): A total of 700,000 common shares.
4. Vesting Conditions:
For the restricted stock units granted under these regulations, employees must remain employed from the grant date until the expiry date of each vesting condition, and their individual performance rating in the year prior to the expiry date must be in the top 50% of that year. The vesting ratios for shares are as follows:
(1) One year after the grant date: 20% vesting ratio (rounded up to the nearest share).
(2) Two years after the grant date: 20% vesting ratio (rounded up to the nearest share).
(3) Three years after the grant date: 20% vesting ratio (rounded up to the nearest share).
(4) Four years after the grant date: 20% vesting ratio (rounded up to the nearest share).
(5) Five years after the grant date: Remaining shares.
5. Handling of employees who do not meet vesting conditions or in case of inheritance:
Shares that have not yet met the vesting conditions will be unconditionally retrieved and cancelled by the company in accordance with the law.
6. Other Issuance Conditions: Detailed conditions will be handled in accordance with the company's "115 Restricted Stock Units Issuance Regulations."
7. Employee Eligibility Requirements:
(1) Employees eligible for allocation are limited to full-time employees of the company and its controlled or subordinate companies who are employed on the grant date of the restricted stock units. "Controlled or subordinate companies" are determined in accordance with Articles 369-2, 369-3, 369-9 Paragraph 2, and 369-11 of the Company Act, or in accordance with updated laws and regulations of the competent authority before issuance.
(2) To protect shareholder rights, the company will carefully manage these regulations. Personnel eligible for restricted stock units will be limited to: (A) key personnel related to the company's future successful development, (B) individuals whose performance is of considerable value to the company, (C) core new employees, etc.
8. Reasons for the Necessity of this Restricted Stock Units Issuance:
To attract and retain professional talent required by the company, and to enhance employee loyalty and sense of belonging to the company, thereby increasing competitiveness and jointly creating higher corporate and shareholder value.
9. Possible Expensed Amount:
The company's current outstanding shares are 130,798,197 shares. The estimated ratio of restricted stock units issued to total outstanding shares is 0.54%. Based on the closing price of NT$2,605 on April 17, 2026, the total possible expensed amount, assuming all vesting conditions are met, is NT$1,823,500,000.
10. Dilution of Earnings Per Share (EPS):
Based on the related expenses recognized annually over the vesting period as stipulated in the regulations, and with the current outstanding shares of 130,798,197, the estimated EPS dilution for the years 2026 to 2031 is approximately NT$4.46, NT$4.40, NT$2.61, NT$1.53, NT$0.77, and NT$0.17 respectively.
11. Other Matters Affecting Shareholder Equity: Based on the estimated EPS dilution from this restricted stock units issuance, it is not expected to cause a material impact on shareholder equity.
12. Rights of employees restricted before meeting vesting conditions after receiving or subscribing for new shares:
(1) Employees may not request the trustee to return the restricted stock units for any reason or method.
(2) Employees may not sell, pledge, transfer, gift to others, set up, or otherwise dispose of the restricted stock units they receive under these regulations.
(3) All rights related to shareholder equity, such as attendance, proposals, speeches, voting rights, and election rights at the company's shareholders' meetings, are entrusted to a trust institution for exercise.
(4) These shares enjoy profit distribution rights (including but not limited to: dividends, bonuses, capital reserve distribution rights). However, cash dividends received, stock dividends, and distributed capital reserves must all be delivered to the trust and will only be delivered to employees without interest upon meeting the vesting conditions; if vesting conditions are not met, the company will reclaim all such cash and shares (shares will be cancelled according to law).
Furthermore, before meeting the vesting conditions, employees do not have subscription rights for cash capital increases; if during the period from fifteen business days before the book closure date for the company's subscription record date until the ex-rights date, employees whose restrictions are lifted do not enjoy subscription rights.
(5) If the company undertakes capital reductions during the vesting period, such as cash capital reduction or capital reduction to offset losses, not due to statutory capital reduction, the restricted stock units shall be cancelled in proportion to the capital reduction. In the case of a cash capital reduction, the returned cash must be delivered to the trust and will be delivered to employees without interest upon meeting the vesting conditions; however, if vesting conditions are not met, the company will reclaim such cash.
13. Other Important Agreements (including stock trust custody, etc.):
After the issuance of restricted stock units, they shall be immediately delivered to a trust, and the company or a person designated by the company shall act as the agent for all allocated employees to sign and amend relevant trust contracts with the trust institution and fully manage related trust affairs.
14. Other Matters to be Specified:
(1) If there is a need to amend the issuance conditions and regulations for restricted stock units due to changes in laws and regulations, review requirements by competent authorities, or other factors, the Chairman is authorized to revise these regulations. The revised regulations shall be reported to the Board of Directors for retroactive approval before issuance.
(2) Any matters not covered by these regulations shall be handled in accordance with relevant laws and regulations.