Cyient announced the grant of stock options to its associates under various stock option plans. A total of 1,94,700 options have been granted. The grants include options under the Associate Restricted Stock Units Scheme 2020, Associate Stock Option Plan 2021, and Associate Stock Option Plan 2023. This grant of stock options was approved by the Leadership, Nomination, and Remuneration Committee.
Grant of Stock Options
Cyient has announced the grant of stock options to its associates, as approved by the Leadership, Nomination and Remuneration Committee. The total number of stock options granted amounts to 1,94,700.
Details of the Stock Option Plans
The stock options were granted under the following plans:
| Plan Name | No. of Options Granted |
|---|---|
| Associate Restricted Stock Units Scheme 2020 | 79,700 |
| Associate Stock Option Plan 2021 | 95,000 |
| Associate Stock Option Plan 2023 | 20,000 |
| Total | 1,94,700 |
Source: BSE
