News ArticlePidilite Industries Grants 1,44,270 Stock Options to Employees Under ESOP-2016 Scheme
Options vest between October 2027 and October 2029 with an exercise price of Re.1 and a three-year exercise period post vesting
Pidilite Industries Limited has granted 1,44,270 stock options under its ESOP-2016 scheme at an exercise price of Re.1 to eligible employees, with vesting scheduled from October 2027 through October 2029. The exercise period for these options extends up to three years after each vesting date.
Pidilite Industries Limited
Preferential Issue
Pidilite Industries Limited has granted 1,44,270 stock options under its ESOP-2016 at an exercise price of Re.1 to eligible employees. These stock options have scheduled vesting dates spanning from October 27, 2027, to October 27, 2029, with a three-year exercise window after vesting.
The allocation of stock options is spread across seven vesting dates, starting on October 27, 2027, with the largest portions vesting on October 27, 2027, and October 27, 2028, totaling 67,940 and 68,950 options respectively.
All stock options granted are exercisable up to three years from their respective vesting dates, providing employees time flexibility to convert these options into company shares.
The exercise price for all 1,44,270 stock options is set at Re.1, which remains constant for the entirety of the grant.
This stock option grant is part of Pidilite Industries' ongoing employee stock ownership plan under ESOP-2016 designed to incentivize and retain key personnel.
Highlights
- Total of 1,44,270 stock options granted under ESOP-2016.
- Exercise price fixed at Re.1 per option.
- Vesting dates range from October 27, 2027, to October 27, 2029.
- Exercise period is three years post each vesting date.
- Largest allocations on October 27, 2027 (67,940 options) and October 27, 2028 (68,950 options).
Key Data Snapshot
What happened
- Pidilite Industries granted 1,44,270 stock options to eligible employees under the ESOP-2016 scheme at an exercise price of Re. 1 each.
- The stock options are scheduled to vest on seven different dates between October 27, 2027, and October 27, 2029.
Key details
- Largest vesting tranches are on October 27, 2027 (67,940 options) and October 27, 2028 (68,950 options).
- Smaller tranches of options vest on May 26, 2028 (1,095 options), July 28, 2028 (785 options), December 1, 2028 (1,330 options), January 6, 2029 (1,170 options), and October 27, 2029 (3,000 options).
- Employees have up to three years from the vesting date to exercise their options.
Highlights
- Total of 1,44,270 stock options granted under ESOP-2016.
- Exercise price fixed at Re.1 per option.
- Vesting dates range from October 27, 2027, to October 27, 2029.
- Exercise period is three years post each vesting date.
- Largest allocations on October 27, 2027 (67,940 options) and October 27, 2028 (68,950 options).
Disclosures
- SEBI (Share Based Employee Benefits) Regulations, 2014
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