WeRide (WRD) CFO Li Jennifer Xuan Receives RSU Award

What Happened
Li Jennifer Xuan, CFO and Head of International at WeRide Inc. (WRD), received an award of 4,662,342 restricted share units (RSUs) on 2026-09-23. The grant is reported at $0 per share (total reported acquisition value $0). According to the filing, 2,072,151 RSUs are performance-based and will vest only upon achievement of specified revenue targets; the remaining 2,590,191 RSUs are time-based and will vest in 24 equal installments beginning September 23, 2027.

Key Details

• Transaction type: Award/Grant (RSUs) on 2026-09-23; Form 4 filed 2026-09-25.
• Shares/units granted: 4,662,342 RSUs; reported price $0; reported acquisition value $0.
• Vesting: 2,072,151 RSUs tied to revenue-target performance; 2,590,191 RSUs vest in 24 equal installments starting 2027-09-23.
• Shares owned after transaction: Not disclosed in the Form 4 provided.
• Filing timeliness: Form 4 was filed on 2026-09-25 (appears within the typical 2-business-day reporting window).

Context
RSU grants are a common form of executive compensation and do not represent an immediate purchase or sale of stock. Performance-based RSUs only convert to shares if targets are met, while the time-based portion vests over the stated installment schedule, meaning the economic benefit depends on future vesting and any subsequent sale. This filing reports the grant itself and does not indicate any immediate market transactions.