KPIT grants 21,000 RSUs to employees under RSU Plan 2022
KPITTECH · price
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KPIT Technologies' Nomination and Remuneration (HR) Committee approved grant of 21,000 stock options (RSUs) to eligible employees under the RSU Plan 2022, originally approved by shareholders on Aug 24, 2022. Each option converts to 1 share at an exercise price of Rs 10 (face value). Options vest over a minimum of 1 year and a maximum of 4 years from grant, and are exercisable within 5 years of vesting. No options have been vested, exercised, or lapsed yet. The grant complies with SEBI's Share Based Employee Benefits regulations.
Minor potential dilution of up to 21,000 shares; routine employee incentive grant with no immediate material impact on the stock.