Eicher Motors Limited has informed the Exchange regarding Grant of 164365 Options.
EICHERMOT · price
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Eicher Motors Limited has announced the grant of 164,365 stock options to employees under two compensation plans. This includes 137,365 restricted stock units (RSUs) granted under the RSU Plan 2019 to employees of the company and its subsidiaries, vesting after 3 years. Additionally, 27,000 employee stock options were granted under the ESOP 2006 plan to company employees, vesting after 4 years. Upon exercise, each option or unit converts into one equity share of Re. 1 face value. The grant was approved by the Nomination and Remuneration Committee and is disclosed under SEBI (LODR) Regulations, 2015.
This is a routine disclosure regarding employee equity-based compensation and does not have a direct impact on stock price. The number of options granted represents minimal potential dilution and is standard practice for talent retention.