Grant of 1,92,000 Employee Stock Options at Rs. 10 Exercise Price
Thyrocare's Nomination and Remuneration Committee has granted 1,92,000 stock options to eligible employees at an exercise price of Rs. 10/- per option.
By ScoutQuest · · 1 min read
- Stock Options Granted
- 1,92,000 stock options
- Exercise Price
- Rs. 10/- per option
- Conversion Ratio
- Each option converts into 1 equity share of face value Rs. 10/-
- Vesting Schedule
- One-third each year over 3 years
- Exercise Window
- 7 years from vesting
What happened
The Nomination and Remuneration Committee of Thyrocare Technologies approved and granted 1,92,000 options to eligible employees under the Thyrocare Employee Stock Option Scheme.
Key terms
- Exercise price: Rs. 10/- per Option
- Each option converts into one equity share of face value Rs. 10/- each, subject to adjustment for corporate actions
- Total shares covered: 1,92,000 equity shares
- Vesting: one-third of the options each year over three years, subject to continuous employment and scheme conditions
- Exercise period: within seven years from the date of vesting, or any other period approved by the Committee or Board
- The scheme is stated to be in terms of SEBI (SBEB) Regulations, 2021
How to read it
Stock options are a way of linking employee rewards to the company's shares. Nothing is issued today; shares arise only if and when employees meet vesting conditions and then exercise their options. If fully exercised over time, new shares would be issued, which adds to the share count.
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More numbers
- Options granted1,92,000
- Exercise price per optionRs. 10/- per Option
- Shares covered by options1,92,000 equity shares
- Face value per shareRs. 10/- each
- Vesting periodthree (3) years
- Exercise period from vesting(7) seven years
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