Grant of 24,333 stock options under Employee Stock Option Scheme – 2019
Orient Electric granted 24,333 stock options on October 15, 2026 under its Employee Stock Option Scheme – 2019 to an eligible employee, at an exercise price of Rs. 173.86 per option.
By ScoutQuest · · 1 min read
- Stock Options Granted
- 24,333 stock options
- Exercise Price
- Rs. 173.86 per option
- Vesting Schedule
- 40% at the end of the 1st anniversary from the grant date, 60% on 31st March 2028
Orient Electric granted stock options to an eligible employee under its Employee Stock Option Scheme – 2019 on October 15, 2026.
What was granted
- The company granted 24,333 stock options to the eligible employee.
- The total number of shares covered by these stock options is 24,333.
- Each stock option is convertible into one equity share of the company having a face value of Re.1/- each.
The price and the timetable
- Exercise price: Rs. 173.86 per stock option. This is the price payable per share when an option is exercised.
- Vesting: the options vest in two tranches — 40% at the end of the 1st anniversary from the grant date, and 60% on 31st March 2028.
- Exercise period: within 4 years from the respective vesting dates.
- Significant terms: None.
How to read this
A stock option is a right to buy a share at a fixed price at a later date. It is not a share by itself. Vesting is the point at which the employee becomes entitled to the option; the exercise period is the window in which the option can be converted into a share.
This grant covers 24,333 options, and each one converts into one equity share. When options are exercised, they convert into equity shares of the company. The scheme is stated to be framed in terms of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
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More numbers
- Stock options granted24,333
- Total shares covered by these stock options24,333
- Face value per equity shareRe.1/-
- Exercise price per stock optionRs. 173.86
- Options vesting at end of 1st anniversary from grant date40%
- Options vesting on 31st March 202860%
- Exercise period from respective vesting dates4 years
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