Piramal Pharma Grants 56.36 Lakh Employee Stock Options

Key Quantitative Figures

The committee approved the grant of up to 56,36,436 (56.36 lakh) stock options under Plan 2022.

Pricing Details

The options have been granted at an exercise price of Rs. 10 per option.

Vesting and Exercise Schedule

The vesting schedule varies based on employee location:

For all locations except US:

• Option 1: 1/3rd vesting on 29 July 2027 (exercisable till 28 July 2032); 1/3rd vesting on 29 July 2028 (exercisable till 28 July 2033); 1/3rd vesting on 29 July 2029 (exercisable till 28 July 2034)
• Option 2: 2/3rd vesting on 29 July 2027 (exercisable till 28 July 2032); 1/3rd vesting on 29 July 2028 (exercisable till 28 July 2033)
• Option 3: 70% vesting on 29 July 2027 (exercisable till 28 July 2032); 30% vesting on 29 July 2028 (exercisable till 28 July 2033)

For US locations:

• 1/3rd vesting on 29 July 2027 (exercisable till 15 March 2028)
• 1/3rd vesting on 29 July 2028 (exercisable till 15 March 2029)
• 1/3rd vesting on 29 July 2029 (exercisable till 15 March 2030)