performance stock, namely performance stock, is a commonly used securities vocabulary, which means that a company pays its managers with common stock as long-term incentive reward, and the transfer of equity is determined by whether the managers reach the pre-specified performance indicators.

It has the following characteristics:

1. The annual incentive bonus of senior executives is based on the operating performance of the company in that year, directly linked to the profit of that year, and generally linked to the return on net assets of the company in that year; According to the performance of senior executives, the company draws a certain reward fund every year.

2. The use of the company's incentive fund is completed by purchasing the company's shares from the secondary market at the current market price, thus bypassing the legal obstacles related to stock options in the Company Law.

3. There are certain restrictions on the exercise time of the company's shares held by senior management.

4. The incentive bonus of senior management personnel is converted into the company's shares in whole or in part at the beginning, which is actually mandatory in stock purchase.

There are many performance stocks, such as Jiawei Xinneng (3317), Lianjian Optoelectronics (3269), Dasheng Culture (6892), Shenwu Environmental Protection (3156) and Anxin Trust (6816).