Committee grants 23,000 stock options and 26,400 restricted stock units
Cyient's Leadership, Nomination and Remuneration Committee has granted employee stock units.
By ScoutQuest · · 1 min read
- Stock Options Granted
- 23,000 stock options under Associate Stock Option Plan 2023
- Restricted Stock Units Granted
- 26,400 units under Associate Restricted Stock Units Scheme 2020
What was announced
The Leadership, Nomination and Remuneration Committee of Cyient has granted stock units to the associate of the company and its subsidiaries. The intimation was sent to BSE (Scrip Code: 532175) and NSE (Scrip Code: CYIENT).
- 23,000 stock options granted under the Associate Stock Option Plan 2023
- 26,400 units granted under the Associate Restricted Stock Units Scheme 2020
How the two instruments differ
A stock option generally gives the holder the right to receive shares at a set price later, once vesting conditions are met. A restricted stock unit generally gives the holder shares, or the value of shares, once vesting conditions are met, without an exercise price.
What this means for a retail investor
- These are employee incentive grants. They reward and retain staff rather than raise fresh money for the company.
- Grants like these can add to the share count over time when the units vest, which is why companies disclose them.
- The update gives the number of options and units granted. It states that the information is for the records.
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More numbers
- Stock options granted under Associate Stock Option Plan 202323,000
- Units granted under Associate Restricted Stock Units Scheme 202026,400
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