This is to inform that the Nomination and Remuneration Committee of the Company at its meeting held today, viz. June 25, 2025 has approved the grant of Restricted Stock Units (RSUs) and Performance Restricted Stock Units (PRSUs) to the certain eligible employees of the Company.
HEROMOTOCO · price
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Hero MotoCorp's Nomination and Remuneration Committee approved the grant of 58,500 Restricted Stock Units (RSUs) and 70,000 Performance Restricted Stock Units (PRSUs) to certain eligible employees on June 25, 2025. Each unit is convertible into one equity share at an exercise price of Rs. 2 (face value). RSUs will vest over 3 years in equal yearly tranches (33%:33%:33%), while PRSUs will vest only after completion of 3 years, with a 24-month exercise window after each vesting. The grants are made under the company's Employee Incentive Scheme 2014, in line with SEBI's Share Based Employee Benefits Regulations. In total, 1,28,500 equity shares are covered by these grants.
This is a routine employee incentive grant and should not materially affect the stock price. It will result in a small potential dilution of around 0.06% once shares are issued upon vesting, with the PRSU component tying rewards to long-term company performance.