Please find attached intimation regarding grant of 9,70,624 stock options to eligible employees
JMFINANCIL · price
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JM Financial's Nomination and Remuneration Committee has approved the grant of 9,70,624 stock options to eligible employees, convertible into equivalent equity shares of Re. 1/- face value each. The options have an effective grant date of July 1, 2026. Of these, 4,89,625 options will vest 100% after one year (July 1, 2027), while the remaining 4,80,999 options will vest in three equal stages over three years (2027-2029). All options can be exercised within a six-year window post-vesting, ending June 30, 2033.
This is a routine ESOP grant that may have a minor dilutive effect on earnings per share. The impact on stock price is expected to be neutral to slightly negative as it increases the number of outstanding shares upon exercise.