PNB Housing Finance has approved the grant of 2,00,000 Employee Stock Options (ESOPs) and 32,508 Restricted Stock Units (RSUs) to eligible employees under its ESOP Scheme II 2018 and RSU Scheme 2022, respectively. The decision was made by the Nomination and Remuneration Committee on December 24, 2025. The grants are designed to attract, reward, and retain talented employees.
ESOP and RSU Grants Approved
PNB Housing Finance announced the grant of 2,00,000 ESOPs and 32,508 RSUs to eligible employees, reinforcing its commitment to employee incentivization and retention. The approval was granted on December 24, 2025 by the Nomination and Remuneration Committee.
Details of ESOP Scheme II 2018
A total of 200,000 options have been granted under the ESOP scheme. Each option entitles the holder to one equity share of face value INR 10. The exercise price is INR 932.85 per share. Vesting occurs in stages: 20% after one year, 20% after two years, and 30% each after three and four years from the grant date. Vested options must be exercised within three years of vesting.
Details of RSU Scheme 2022
The company has granted 32,508 RSUs to its employees. Each RSU entitles the holder to one equity share of face value INR 10. Vesting is contingent on a combination of company and individual performance. Vesting occurs in stages: 20% after one year, 20% after two years, and 30% each after three and four years from the grant date. Once vested, RSUs must be exercised within one year of the respective vesting date. The exercise price for each share is INR 10.
Purpose of the Schemes
The ESOP and RSU schemes are designed to attract, reward, and retain talented employees, aligning individual performance with the company’s strategic objectives.
Source: BSE
