Suzlon Energy Limited Details Vesting of Options Under ESOP 2022 Scheme
Suzlon Energy Limited announced details regarding the vesting of employee stock options under its Employee Stock Option Plan 2022 (ESOP 2022). The options were granted by the Nomination and Remuneration Committee of the Board of Directors of the Company and its subsidiaries.The ESOP 2022 was formulated following the approval of the shareholders on September 29, 2022. Under the vesting schedule of the plan, 50% of the granted options were scheduled to vest on the first anniversary from the date of the grant, with the remaining 50% vesting on the second anniversary.
The report outlines the comprehensive details of the options slated to vest in May 2026, covering grants made across four separate periods.
The following table provides a detailed breakdown of the options eligible for vesting in May 2026, based on grant date, grant price, and the sequential vesting calculations.
| Particulars | Grant 2 | Grant 3 | Grant 4 | Grant 5 |
|---|---|---|---|---|
| Grant Date | 23rd May 2024 | 23rd May 2024 | 19th May 2025 | 19th May 2025 |
| Grant Price | Rs. 30.00 | Rs. 24.00 | Rs. 45.00 | Rs. 40.00 |
| Vesting Date | 23rd May 2026 (Second Vesting) | 23rd May 2026 (Second Vesting) | 19th May 2026 (First Vesting) | 19th May 2026 (First Vesting) |
| Options granted till date (Nos.) | 3,59,10,000 | 3,86,30,000 | 1,30,70,000 | 3,46,17,200 |
| Options eligible for vesting in May 2026 (Nos.) (50% of IV) | 1,79,55,000 | 1,93,15,000 | 65,35,000 | 1,73,08,600 |
| Options cancelled on account of separation (Nos.) | 27,00,000 | 58,50,000 | 35,00,000 | 9,37,300 |
| Options eligible for vesting in May 2026 (Nos.) (V - VI) | 1,52,55,000 | 1,34,65,000 | 30,35,000 | 1,63,71,300 |
| Options cancelled on account of performance-based vesting (Nos.) | 23,88,312 | 21,08,071 | 4,75,157 | 25,58,774 |
| Options to be vested in May 2026 (Nos.) (VII - VIII) | 1,28,66,688 | 1,13,56,929 | 25,59,843 | 1,38,12,526 |
| Options from second vesting immediately vested on account of death (Nos.) | - | - | - | 27,500 |
| Total no. of Options to be vested in May 2026 (Nos.) | 1,28,66,688 | 1,13,56,929 | 25,59,843 | 1,38,40,026 |
The calculation shows that the total number of options to be vested in May 2026 across the four grants is 1,28,66,688, 1,13,56,929, 25,59,843, and 1,38,40,026, respectively.
SUZLON Stock Price Movement
On Thursday, Suzlon Energy Limited shares edged higher, settling at ₹53.47 after gaining 0.56%. The equity navigated a range of ₹52.51 to ₹53.91, while trading concluded on robust volume of 71 million shares.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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