Grant of options under ESOP, 2006 and RSU Plan, 2019 of the Company
EICHERMOT · price
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Eicher Motors announced the grant of stock-based compensation to employees. The Nomination and Remuneration Committee approved 137,365 Restricted Stock Units (RSUs) under the RSU Plan 2019 and 27,000 employee stock options under ESOP 2006, totaling 164,365 units. RSUs vest after 3 years while ESOP options vest after 4 years from the grant date. Upon exercise, each unit converts into one equity share of face value Re. 1 each. The grants are extended to employees of the Company and its subsidiaries.
This is a routine equity compensation grant with minimal dilution impact. It aligns employee interests with shareholders and helps retain talent, which is positive for long-term operations but has no immediate material impact on the stock.