Aditya Birla Sun Life AMC543374Executive stock options
Committee approves grant of 5,68,804 performance stock units under ESOP Scheme 2025
The Nomination, Remuneration and Compensation Committee on October 19, 2026 approved a grant of 5,68,804 Performance Stock Units to eligible employees under the ESOP Scheme 2025.
By ScoutQuest · · 2 min read
- PSUs Granted
- 5,68,804 Performance Stock Units
- Conversion Ratio
- 1 PSU converts into 1 equity share of face value ₹ 5
- Exercise Price
- ₹ 5
- Vesting Schedule
- 100% cliff vesting after 4 years; up to 60% may vest in August 2029 if FY 2030 targets achieved by March 31, 2029
- Exercise Period
- 5 years from vesting date
What was approved
- The Nomination, Remuneration and Compensation Committee of the Board, on October 19, 2026, approved the grant of 5,68,804 PSUs to eligible employees under the ESOP Scheme 2025.
- Each PSU is convertible into 1 equity share of face value ₹ 5, so the grant covers ~5.69 lakh equity shares.
Key terms of the grant
- Exercise price: ₹ 5.
- Vesting: 100% cliff vesting after 4 years from the grant date.
- An early vesting window: up to 60% vesting may be considered in August 2029 if FY 2030 targets are achieved early by March 31, 2029.
- Exercise period: 5 (five) years from the date of vesting.
- The scheme is stated to be in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
What a PSU is, in simple words
- A PSU is a right given to an employee to receive an equity share later, after conditions are met.
- Unlike a plain option, the payout here is tied partly to performance: a portion of the grant can vest early only if stated targets are achieved by a specified date, and otherwise the schedule runs to the 4-year cliff.
- Until vesting and exercise happen, the employee does not hold the shares.
Why this matters to shareholders
- This is an employee reward and retention tool. It aligns senior staff with the company's performance targets, since part of the vesting depends on FY 2030 targets being met.
- When PSUs vest and are exercised, new equity shares are issued. That increases the number of shares in circulation over time, which is referred to as dilution. The impact here is spread out, with the main vesting due after 4 years.
- The exercise price of ₹ 5 is the face value of the share, so the cash the company receives on exercise is limited to that amount per share.
How to read this announcement
- It is a routine disclosure of an employee stock plan decision, with no immediate cash flow or operational change for the business.
- The figures to track are the ~5.69 lakh equity shares covered and the vesting conditions, because they determine how many shares may be issued and when.
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More numbers
- PSUs granted5,68,804 PSUs
- Equity shares covered by the PSUs5,68,804 equity shares
- Face value per equity share₹ 5
- Exercise price₹ 5
- Cliff vesting period4 years
- Maximum early vesting if FY 2030 targets are met early60%
- Exercise period from date of vesting5 (five) years
Source: BSE · 19 Oct 2026
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