Pine Labs grants 26.1 lakh ESOPs to employees under ESOP 2025
PINELABS · price
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Pine Labs Nomination and Remuneration Committee approved grant of 26,10,989 employee stock options to eligible employees under ESOP 2025 on June 19, 2026. Of these, 19,05,257 options are priced at INR 150.70 each (3-month VAWAP discounted by 10 percent), while 7,05,732 options are priced at INR 5.40 each. None are vested yet. Vesting will happen over 36 to 48 months from grant date, with a 5-year exercise window after vesting. The grant is within the shareholder approved limit of about 10.2 crore options.
Minor future dilution risk. ESOP grants at discounted prices may modestly affect future earnings per share, but align employees with shareholders.