The Company has informed the Exchange regarding grant of 90,000 RSUs.
PNBHOUSING · price
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PNB Housing Finance has announced the grant of 90,000 Restricted Stock Units (RSUs) to eligible employees. Each RSU entitles the holder to one equity share of INR 10/- upon exercise. The RSUs will vest 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 period is 1 year from vesting. The grant complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This is a routine employee compensation disclosure under the company's equity-based incentive scheme.
Neutral impact for shareholders. While this creates potential dilution of 90,000 shares, the amount is relatively small and the scheme is a standard employee retention tool under SEBI regulations.