StockWatch
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Sanitary Ware
ESOP5 Jun 2026, 09:01 pm

Cera Sanitaryware: 2,244 ESOPs Vesting from June 5, 2026

AI Summary

Cera Sanitaryware Ltd has announced the vesting of 2,244 employee stock options (ESOPs) under its Employee Stock Option Scheme 2024. These options, initially granted on June 5, 2024, have completed their two-year time-based vesting period and will be available for exercise by employees starting June 5, 2026. The total grant comprised 14,950 options, with the exercise price set at the face value of the company's shares. Employees have a window of up to five years from the vesting date to exercise these options. This move is part of the company's long-term incentive plan to retain and motivate its workforce.

Key Highlights

  • 2,244 ESOPs granted on June 5, 2024, have vested.
  • Vested options are exercisable from June 5, 2026.
  • Total grant was for 14,950 options under ESOS 2024.
  • Exercise price is the face value of the company's shares.
  • Employees have 5 years from vesting to exercise options.