Dr. Reddy's granted 1,192,234 stock options to employees under two equity plans, with a 3-year vesting schedule and exercise price of Rs. 1,293.90 per option.
Key takeaways
Grant of 816,119 Indian stock options under 2018 scheme, vesting 100% after 3 years.
Grant of 376,115 ADR stock options under 2007 scheme, vesting 100% after 3 years.
Exercise price set at fair market value of Rs. 1,293.90 per option for both grants.
Options granted to eligible employees, administered by Nomination, Governance and Compensation Committee.
No options exercised, lapsed, or varied; no diluted EPS impact disclosed.