Stock Options and Performance Stock Units, under Embassy Developments Limited Employee Stock Option Scheme 2025
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Embassy Developments Limited has granted 2,63,863 Stock Options (SOs) and 1,60,373 Performance Stock Units (PSUs) to eligible employees under the Embassy ESOS 2025 scheme. SOs are priced at INR 111.51 per option and vest uniformly over 4 years (25% annually). PSUs are priced at INR 2 per unit and vest between years 3-4 based on achievement of performance milestones. Both SOs and PSUs can be exercised within 5 years of vesting or 7 years from grant date, whichever is earlier. The scheme is compliant with SEBI (SBEB) Regulations, 2021, and has received in-principle approvals from both NSE and BSE.
The grant represents equity compensation to employees and will result in potential dilution of approximately 4.24 lakh shares if fully exercised. This aligns employee interests with shareholders but slightly increases share count going forward.