PNB Housing Finance Limited has informed the Exchange regarding Grant of 90000 RSUs.
PNBHOUSING · price
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PNB Housing Finance has announced the grant of 90,000 Restricted Stock Units (RSUs) to eligible employees under the company's RSU Scheme 2022. Each RSU, when exercised, will entitle the employee to one equity share of INR 10/- face value. The vesting is spread over four years: 20% after year 1, 20% after year 2, 30% after year 3, and 30% after year 4, subject to company and individual performance conditions. The exercise window is 1 year from the date of vesting. The company has confirmed the scheme complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The grant represents potential dilution of 90,000 shares, though the staggered 4-year vesting schedule means the impact will be gradual. This is a routine disclosure with minimal near-term impact on earnings per share.