BENGALUR, India, March 5, 2018 /PRNewswire/ --
This is to inform that the following stock incentives in the form of Restricted Stock Units were granted to certain Key Managerial Personnel and other eligible employees under the 2015 Stock Incentive Compensation Plan by the Board/Nomination and Remuneration Committee. The date of grant for these stock incentives is February 27, 2018 and the exercise price will be the par value of shares.
Particulars of stock incentives granted are as follows:
Grantee No. of RSUs Date of Vesting schedule
granted grant
Salil Parekh, CEO and MD One Time Grant- Over
(KMP) 84,768 a period of 2 years
Salil Parekh, CEO and MD Annual Grants (time
(KMP) 28,256 based)-Over a period
of 3 years
M.D. Ranganath, CFO (KMP) 66,850 Over a period of 4 years
Ravi Kumar S, President Over a period of 4
(KMP) 66,850 years
Mohit Joshi, President Over a period of 4
(KMP) 66,850 years
Krishnamurthy Shankar, Over a period of 4
Head- Human Resources (KMP) 12,400 years
A.G.S. Manikantha, Company Over a period of 4
Secretary (KMP) 2,000 February 27, years
2018 Over a period of 4
Other eligible employees 16,02,510 years
This is a disclosure announcement from PR Newswire.