PNB Housing Finance Announces Grant of ESOPs and RSUs Under Employee Benefit Schemes
PNB Housing Finance Ltd has granted a total of 20,000 options under its ESOP Scheme II 2018 and 4,000 Restricted Stock Units (RSUs) under the RSU Scheme 2022 to eligible employees. The grant was approved by the Nomination and Remuneration Committee on June 04, 2026, as part of initiatives designed to attract, reward, and retain talented employees.The granted equity incentives are set out with specific vesting schedules and pricing structures tailored for each scheme.
ESOP Scheme II 2018 Details
Under the ESOP Scheme II 2018, PNB Housing Finance granted 20,000 options to eligible employees. These options grant entitlement to one equity share of the company upon exercise. The vesting is subject to performance conditions specified in the grant letter.Key details regarding the ESOPs are summarized below:
| Particulars | Details |
|---|---|
| Total Options Granted | 20,000 Options |
| Entitlement per Option | One equity share of INR 10/- each |
| Exercise Price | INR 993 |
| Vesting Schedule | 20% after 1 year from the date of grant; 20% after 2 years; 30% after 3 years; and 30% after 4 years. |
The ESOP Scheme II 2018 aims to encourage employees by having options vest upon satisfaction of vesting conditions, resulting in the allotment of equity shares of the company.
RSU Scheme 2022 Details
PNB Housing Finance also granted 4,000 RSUs under the Restricted Stock Unit Scheme 2022. Each RSU grants entitlement to one equity share of the company upon exercise. The scheme was introduced such that the RSUs would vest upon satisfaction of conditions combining company and individual performance metrics.The terms and conditions for the RSUs are as follows:
| Particulars | Details |
|---|---|
| Total RSUs Granted | 4,000 RSUs |
| Entitlement per RSU | One equity share of INR 10/- each |
| Exercise Price | INR 10/- |
| Vesting Schedule | 20% of the RSUs granted after 1 year; 20% after 2 years; 30% after 3 years; and 30% after 4 years. |
Both schemes are intended to ensure that employees are aligned with the company's objectives, resulting in the allotment of equity shares upon the satisfaction of prescribed vesting conditions.
PNBHOUSING Stock Price Movement
Today, PNB Housing Finance Limited shares edged higher, closing at ₹1000.2 after gaining 0.73%. The stock saw a trading volume of 680,446 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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