Grant of Stock Options - Grasim Industries Limited Employee Stock Option and Performance Stock Unit Scheme 2022
GRASIM · price
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Grasim Industries has granted 7,03,951 stock options to eligible employees, including the Managing Director, under its ESOP and PSU Scheme 2022. This comprises 5,47,483 regular stock options and 1,56,468 Performance Stock Units (PSUs). The options will vest over 3 years (33% annually for options, 100% at year 3 for PSUs) subject to performance conditions, with an exercise window of 5 years post-vesting. The exercise price for regular options is Rs. 2,743.70 per option (based on market price on 7th August 2025), while PSUs have a nominal exercise price of Rs. 2 per unit. The scheme is administered through the Grasim Employees' Welfare Trust.
This is a routine ESOP grant that marginally dilutes existing shareholders but aligns management and employee interests with company performance, given the performance-linked vesting conditions. The impact on the stock price is expected to be neutral.