Grant of Restricted Stock Units (RSUs) and Stock Options (ESOPs)
VAIBHAVGBL · price
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Vaibhav Global Limited has received approval from its Nomination, Remuneration and Compensation Committee to grant 3,48,748 Restricted Stock Units (RSUs) under the VGL RSU Plan – 2019 and 9,07,502 Stock Options (ESOPs) under the VGL ESOP Plan – 2021 to eligible employees of the company and its subsidiaries. Each grant converts into one equity share of face value Rs. 2/- at an exercise price of Rs. 2/- per share. The vesting schedule follows a graded approach: 20% after year 1, 30% after year 2, and the remaining 50% after year 3. Employees will have 3 months from the date of vesting to exercise their options.
This equity compensation grant aligns employee interests with shareholders and may result in minor dilution of approximately 12.56 lakh shares. The vesting schedule over 3 years helps retain key talent.