Delhivery allocated 63,538 stock options to eligible employees on September 02, 2024, with an exercise price of INR 1 per share
The options will vest over 4 years, with 10% vesting after 1 year, 30% after 2 years, and the remaining in 15% increments every 6 months
This grant follows previous ESOP allocations of 1.66 Lakh options in August and 6.49 Lakh options in July 2024
Listed logistics major Delhivery has expanded its employee stock option plan (ESOP) pool by allocating 63,538 stock options to the eligible employees.
“We wish to inform that the Nomination and Remuneration Committee (“NRC”) of the Board of Directors of the Company has approved the grant of 63,538 stock options under Delhivery Employees Stock Option Plan 2012 (“ESOP‐2012”) to the eligible employees of the Company on Monday, September 02, 2024,” Delhivery said in its regulatory filing.