PNB Housing Finance Limited has informed the Exchange regarding Grant of 109600 RSUs.
PNBHOUSING · price
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PNB Housing Finance announced on May 14, 2025 that its Nomination and Remuneration Committee approved the grant of 1,09,600 Restricted Stock Units (RSUs) to certain eligible employees under the company's RSU Scheme 2020. Each RSU has a face value and exercise price of INR 10 and upon exercise will entitle the holder to one equity share of the company. The RSUs will vest in tranches - 20% after 1 year, 20% after 2 years, 30% after 3 years, and 30% after 4 years from the grant date, subject to company and individual performance conditions. Once vested, employees have 1 year to exercise their RSUs. The scheme is fully compliant with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This grant represents a potential equity dilution of up to 1,09,600 shares spread over the next four years as RSUs vest and get exercised. The impact on earnings per share will be gradual and tied to vesting milestones and performance achievements. Shareholders should expect a modest increase in share count over time but no immediate material impact on the stock.