Grant of Stock Appreciation Rights
RATEGAIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RateGain Travel Technologies has announced the grant of 116,631 Stock Appreciation Rights (SARs) to employees under its SAR Scheme 2022. The grants are split across three batches with different exercise prices: 82,939 SARs at Rs. 466.75, 5,269 SARs at Rs. 493.75, and 28,423 SARs at Rs. 592.50 per unit. All SARs have a 4-year vesting period with a graded schedule (10% in Year 1, 20% in Year 2, 30% in Year 3, and 40% in Year 4). Once vested, employees can exercise within 3 years. This is standard equity-based compensation for employees and aligns with SEBI regulations on share-based employee benefits.
This is a routine employee stock compensation grant and has no direct impact on stock price. It may dilute shareholder value marginally over time but is a standard practice to retain and incentivize employees.