Wipro Limited has informed the Exchange regarding 'Grant of Restricted Stock Units'.
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Wipro has granted 2,00,669 ADS Restricted Stock Units to identified employees under its Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024. The grant is effective from May 14, 2025. These RSUs will vest according to the schedule approved by the Nomination and Remuneration Committee of the Board. Once vested, employees can exercise them over the exercise period as approved by the Committee. This is a routine disclosure related to employee stock-based compensation.
This is a standard employee incentive grant with minimal immediate impact on the stock price. Over time, as these RSUs vest and are exercised, there may be a marginal increase in equity dilution for existing shareholders.