HDFC Asset Management Company541729ESOP grant news

NRC approves grant of 53,925 Options and 14,925 Performance-linked Stock Units to employees

The Nomination & Remuneration Committee approved a grant of 53,925 Employees Stock Options and 14,925 Performance-linked Stock Units (PSUs) to eligible employees on October 15, 2026, under the ESOP & PSU Scheme – 2025.

By ScoutQuest · Thu 15 Oct 2026, 10:46 AM IST · 2 min read

68,850Total equity shares covered in aggregate

Employees Stock Options granted53,925

Performance-linked Stock Units granted14,925

Total equity shares covered in aggregate 68,850: Employees Stock Options granted 53,925, Performance-linked Stock Units granted 14,925.

Employees Stock Options granted: 53,925 Employees Stock Options
Performance-linked Stock Units granted: 14,925 Performance-linked Stock Units (PSUs)
Total equity shares covered: 68,850 equity shares of Rs. 5/- each

An employee incentive grant

The Nomination & Remuneration Committee of HDFC Asset Management Company approved the grant of 53,925 Employees Stock Options and 14,925 Performance-linked Stock Units (PSUs) to eligible employees on October 15, 2026, under the Employees Stock Options and Performance-linked Stock Units Scheme – 2025. Together they represent 68,850 equity shares of Rs. 5/- each.

What each instrument is

An Option entitles the employee, upon exercise, to be allotted one equity share of Rs. 5/- each.
A PSU entitles the employee, upon exercise, to be allotted one equity share of Rs. 5/- each, and is granted under the performance-linked part of the scheme.

Grant prices

Options were granted at Rs. 2,296.90 per Option, which the update states is the latest available closing price on the National Stock Exchange of India Limited, the exchange that recorded the highest trading volume in the company's equity shares on the trading day immediately preceding the approval date.
PSUs were granted at Rs. 5/- per PSU, being the face value of the equity shares.

Vesting schedule for Options

1st anniversary from the date of grant: 10%
2nd anniversary from the date of grant: 20%
3rd anniversary from the date of grant: 30%
4th anniversary from the date of grant: 40%

Vesting schedule for PSUs

1st anniversary from the date of grant: 0%
2nd anniversary from the date of grant: 0%
3rd anniversary from the date of grant: 30%
4th anniversary from the date of grant: 70%

For both, vesting begins only after one year from the grant date and is subject to the conditions specified in the scheme.

Time to exercise

All vested Options must be exercised within four years from the date of the respective vesting.
All vested PSUs must be exercised within one year from the date of the respective vesting.

What a retail investor may note

This is a grant to eligible employees. Equity shares are allotted only when the Options and PSUs are exercised, and the schedules above spread that out over future years.
The PSU vesting is back-loaded: nothing vests at the first and second anniversaries, with 30% and 70% falling in the third and fourth years.
The Option grant price of Rs. 2,296.90 is described in the update as the latest available closing market price on the preceding trading day, while the PSU grant price of Rs. 5/- is the face value of the share.

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