Everest Industries grants 95,000 employee stock options
EVERESTIND · price
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On the reaction day the stock moved 1.1 pts more than Nifty Microcap 250 and 0.4 pts less than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Everest Industries granted 95,000 stock options to identified employees at Rs 460 per option under ESOS 2021. Each option converts into one Rs 10 equity share. Options vest 20% after one year, 30% after two years and 50% after three years, followed by a four-year exercise period. The scheme covers 10,00,000 shares.
No shares are issued now. If exercised, the options may dilute existing shareholders, while the employee incentive may support long-term performance.