PNB Housing Finance has granted 2,02,000 Restricted Stock Units (RSUs) to eligible employees under its 2022 scheme. The grant, approved on September 30, 2025, allocates RSUs with a face value of INR 10 each, vesting according to a predefined schedule based on performance. This move aligns with the company’s employee benefits program.
RSU Grant Details
PNB Housing Finance has approved the allocation of 2,02,000 Restricted Stock Units (RSUs) to certain eligible employees. The decision was made by the Nomination and Remuneration Committee on September 30, 2025.
Scheme Specifics
Each RSU has a face value of INR 10. The vesting schedule for these RSUs is structured as follows:
- 10% vests after 1 year from the grant date.
- An additional 40% vests after 2 years from the grant date.
- The remaining 50% vests after 3 years from the grant date.
Terms and Conditions
The RSUs are subject to the fulfillment of specific vesting conditions, including a combination of company and individual performance metrics. Once vested, the RSUs can be exercised, leading to the allotment of equity shares in the company. Grantees have 1 year from the vesting date to exercise their options.
Additional RSU Grant
Further to this, there is a grant of 29,000 RSUs granted under similar terms.
- 10% vests after 1 year from the grant date.
- 40% vests after 2 years from the grant date.
- 50% vests after 3 years from the grant date.
Finally, 1,73,000 RSUs have been granted under similar conditions.
- 30% vests after 1 year from the grant date.
- 40% vests after 2 years from the grant date.
- 30% vests after 3 years from the grant date.
Source: BSE