PNB Housing Finance grants ESOPs, RSUs to boost employee commitment

PNB Housing Finance Limited’s Nomination and Remuneration Committee approved the grant of 200,000 Employee Stock Options (ESOPs) under its ESOP Scheme II 2018 and 32,508 Restricted Stock Units (RSUs) under its RSU Scheme 2022. This decision, made on December 24, 2025, aims to attract, reward, and retain talented employees while encouraging them to align individual performance with company objectives.

The ESOPs, with an exercise price of INR 932.85, will vest over four years, with 20% vesting after one year, another 20% after two years, and 30% each after three and four years, respectively, subject to performance conditions. Similarly, the RSUs, with an exercise price of INR 10, will also follow a four-year vesting schedule under the PNB Housing Restricted Stock Unit Scheme 2022, tied to a combination of company and individual performance. Each ESOP and RSU, upon exercise, entitles the holder to one equity share of INR 10 each.

These grants are in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI Circular dated July 13, 2023. This strategic move is expected to foster long-term commitment and drive performance within PNB Housing Finance.