RateGain Travel Technologies Limited has announced the grant of 116,631 Stock Appreciation Rights (SAR) units under its 2022 scheme. The awards were approved by the Nomination and Remuneration Committee on May 20, 2026. These grants are part of the company’s long-term employee incentive structure, featuring a four-year vesting schedule for the recipients across three distinct price categories.
Breakdown of SAR Grants
The company has allocated 116,631 SAR units across three different tranches, reflecting varying strike prices. The details of the allocations are as follows:
- 82,939 units granted at a price of Rs. 466.75 per unit.
- 5,269 units granted at a price of Rs. 493.75 per unit.
- 28,423 units granted at a price of Rs. 592.50 per unit.
Vesting and Exercise Terms
The SAR units follow a uniform four-year vesting period, calculated from the date of the grant. The vesting schedule is structured to reward long-term commitment, with 10% vesting in Year 1, 20% in Year 2, 30% in Year 3, and the final 40% in Year 4. Following the vesting date, employees are eligible to exercise their SAR units within a window of three years.
Source: BSE
