SUZLON · price
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Suzlon Energy has disclosed the vesting of employee stock options under ESOP 2022 for May 2026. Four separate grants with varying dates (May 2024 and May 2025) and exercise prices (Rs.24 to Rs.45) are vesting as per the 2-year schedule (50% on first anniversary, 50% on second anniversary). Approximately 4.06 crore options will vest across all grants after accounting for cancellations due to employee separation and performance-based rejections. The largest vesting is in Grant 5 with 1.38 crore options at Rs.40 strike price. A small batch of 27,500 options from Grant 5 were immediately vested due to an employee's death.
This represents potential share dilution of approximately 4.06 crore shares when employees exercise their options. While this is a routine disclosure, it could have a modest negative impact on the stock due to dilution, though the actual impact depends on market conditions and employee exercise behaviour.