PNB Housing Finance Limited has announced the approval and grant of 90,000 Restricted Stock Units (RSUs) to eligible employees. Approved by the Nomination and Remuneration Committee on May 22, 2026, these options form part of the company’s 2022 incentive scheme. Each unit, carrying a face value of INR 10, is subject to specific performance-based vesting conditions and marks a strategic step in aligning employee incentives with the company’s long-term growth objectives.
Grant Overview and Eligibility
On May 22, 2026, the Nomination and Remuneration Committee of PNB Housing Finance sanctioned the grant of 90,000 RSUs to identified employees. This initiative is conducted under the PNB Housing Restricted Stock Unit Scheme 2022. Each individual RSU provides the beneficiary the right to be allotted one equity share of the company at an exercise price of INR 10.
Vesting Schedule and Performance Criteria
The vesting of these stock units is contingent upon the achievement of specific performance benchmarks related to both company targets and individual contributions. The distribution of the grants follows a four-year vesting timeline:
- After 1 year: 20% of the granted RSUs
- After 2 years: 20% of the granted RSUs
- After 3 years: 30% of the granted RSUs
- After 4 years: 30% of the granted RSUs
Exercise Terms
Once the performance criteria are met and the units have vested, employees are granted a window to exercise their options. The deadline for exercising these RSUs is set at one year from the respective dates of vesting. Upon successful exercise, the company will proceed with the allotment of equity shares to the eligible employees, ensuring their participation in the long-term value creation of the organization.
Source: BSE
