HDFC Asset Management Approval Granted for Grant of 1.14 Lakh Employee Stock Options and PSUs

HDFC Asset Management Company Limited’s Nomination & Remuneration Committee (NRC) has approved the aggregate grant of 1,14,300 units to eligible employees under the ESOP & PSU Scheme – 2025. This grant comprises 85,100 Stock Options (ESOPs) and 29,200 Performance-linked Stock Units (PSUs). The ESOPs are priced at Rs. 2,313.90 per option, while PSUs are issued at the face value of Rs. 5/-.

Grant Approval for Employee Incentive Scheme

HDFC Asset Management Company Limited announced on March 30, 2026, that its Nomination & Remuneration Committee (NRC) has formally approved a substantial grant under the Employees Stock Options and Performance-linked Stock Units Scheme – 2025. The total aggregate grant covers 1,14,300 Equity Shares equivalent.

Breakdown of Options and Units

The approved grant is split between two primary instruments:

• Employee Stock Options (Options): A total of 85,100 Options were granted. Each Option entitles the holder to one Equity Share of Rs. 5/- upon exercise.
• Performance-linked Stock Units (PSUs): A total of 29,200 PSUs were granted. Each PSU also entitles the holder to one Equity Share of Rs. 5/- upon exercise.

Pricing Details

The pricing formula ensures alignment with market performance and nominal value:

• Options Pricing: The Options have been granted at a price of Rs. 2,313.90 per Option. This price reflects the latest closing price on the National Stock Exchange on March 27, 2026, the trading day preceding the NRC approval.
• PSU Pricing: The PSUs have been granted at Rs. 5/- per PSU, corresponding to the face value of the Company’s Equity Shares.

Vesting and Exercise Schedules

Both Options and PSUs are subject to a four-year vesting schedule commencing one year after the grant date, contingent upon the fulfillment of conditions specified in the scheme. The primary difference lies in the post-vesting exercise window.

Vesting Schedule (% of Total Grant)

Exercise Window

The time permitted for eligible employees to exercise their vested instruments varies significantly:

• Options: Vested Options must be exercised within a period of four years from the date of the respective vesting.
• PSUs: Vested PSUs must be exercised within a period of one year from the date of the respective vesting.

Source: BSE