Angel One grants 2,597 Restricted Stock Units to 2 employees
The shares of Angel One Limited were trading at ₹2,069.15 up by ₹54.95 or 2.73 per cent on the NSE today at 10.40 am.
Angel One Limited announced today the grant of 2,597 Restrictive Stock Units (RSUs) to two eligible employees under its Employee Long Term Incentive Plan 2021, according to a regulatory filing with the National Stock Exchange and BSE Limited.
The RSUs, effective March 03, 2025, are convertible into an equal number of equity shares with a face value of ₹10 each. The exercise price is set at ₹10 per share. These units will vest over a period of four years, as administered by the company’s Nomination and Remuneration Committee (NRC).
The grant complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. Employees will have a 10-year window to exercise these options from the date of respective grant, or as determined by the NRC.
This employee incentive scheme is part of Angel One’s strategy to align employee compensation with long-term company performance, offering a potential equity stake to key personnel.
