ESOP exercise: 43 stock options by 1 employee
SUNDARMFIN · price
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Sundaram Finance informed the exchange that 1 employee exercised 43 stock options under Grant 15 of the Sundaram Finance Employee Stock Option Scheme 2008. Options were granted on 26 May 2023 and exercised on 8 October 2026. Shares will be transferred from the Sundaram Finance Employees Welfare Trust to the employee's demat account. This is a routine ESOP disclosure with a very small number of options.
Minimal market impact; routine ESOP exercise involving only 43 shares, no material change in shareholding.