ALPHA TRIBE

360 ONE WAM LIMITEDImportant, 08-01-2025: General Updates

08-01-2025 | 07:35 pm

The Nomination and Remuneration Committee of 360 ONE WAM Limited has approved the grant of 25,80,229 Employee Stock Options (ESOPs) to eligible employees, with an exercise price set at Rs. 1,037.72. The ESOPs will vest over four years with an equal distribution of 25% per year, and some options are performance-based, subject to fulfilling specified criteria.

Additionally, there have been modifications to the vesting schedule for existing ESOPs under the 360 ONE Employee Stock Option Scheme 2023. Key changes include a reduction in the vesting period from five to three years for some options, and new vesting percentages have been introduced, focusing on performance for certain grants. This move aims to better align employee incentives with company performance, presenting a strategic opportunity for fostering engagement and retention. Monitoring the impact of these changes on employee productivity and overall corporate performance will be essential.

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