Page 225 - Crisil Annual Report 2023

Financial Statements
Consolidated
45. Employee stock option scheme (ESOS)
The Group has formulated an ESOS based on which employees are granted options to acquire the equity shares of the parent Company that vests in a graded manner. The options are granted at the closing market price prevailing on the stock exchange, immediately prior to the date of grant. Details of the ESOS granted are as under:
Particulars
Date of grant
No. of options granted
Exercise price (C)
Vesting condition
Exercise period
Weighted average price (C)*
ESOS 2011 (5)
ESOS 2012 (4)
ESOS 2014 (3)
ESOS 2014 (4)
ESOS 2014 (5)
ESOS 2014 (6)
ESOS 2014 (7)
ESOS 2014 (8)
ESOS 2014 (9)
16-Dec-16 194,200
16-Dec-16 47,800
16-Dec-16 82,100
09-Mar-17 13,400
17-Jul-17 25,000
08-Jan-18 8,000
24-Jan-18 238,970
04-Apr-18 164,457
16-Apr-19 226,155
2,180.85
2,180.85
2,180.85
1,997.35
1,956.55
1,919.25
1,969.45
1,841.35
1,568.85
Vested equally in the period of 1 to 3 years subject to conditions
Vested equally in the period of 3 to 5 years subject to conditions
Vested equally in the period of 1 to 3 years subject to conditions
within 3 years from date of vesting
within 2 years from date of vesting
within 2 years from date of vesting
621.74 621.74
734.46 680.28 626.51 623.48 651.23
410.12 332.35
* Weighted average price of options as per Black-Scholes Option Pricing model at the grant date.
The summary for each scheme as at December 31, 2023
Outstanding at the beginning of the year Add: Granted during the year
Less: Exercised during the year
Less: Expired/ forfeited during the year Outstanding at the end of the year Exercisable at the end of the year
The summary for each scheme as at December 31, 2022
Particulars
ESOS - 2011
ESOS - 2012
ESOS - 2014
Number of options
Wtd. avg. exercise price (C)
Number of options
Wtd. avg. exercise price (C)
Number of options
Wtd. avg. exercise price (C)
4,280
2,180.85
5,000
2,180.85
97,172
1,791.26
-
N.A.
-
N.A.
-
N.A.
4,280
2,180.85
-
N.A.
45,281
1,756.70
-
N.A.
5,000
2,180.85
28,728
1,867.06
-
N.A.
-
N.A.
23,163
1,764.82
-
N.A.
-
N.A.
23,163
1,764.82
Particulars
ESOS - 2011
ESOS - 2012
ESOS - 2014
Number of options
Wtd. avg. exercise price (C)
Number of options
Wtd. avg. exercise price (C)
Number of options
Wtd. avg. exercise price (C)
Outstanding at the beginning of the year
Add: Granted during the year
Less: Exercised during the year
Less: Expired/ forfeited during the year
Outstanding at the end of the year
Exercisable at the end of the year
132,075 2,180.85
- N.A.
70,555 2,180.85
57,240 2,180.85
4,280 2,180.85
4,280 2,180.85
5,000 2,180.85
- N.A.
- N.A.
- N.A.
5,000 2,180.85
5,000 2,180.85
242,489
-
125,043
20,274
97,172
90,167
1,784.14
N.A.
1,784.60
1,747.16
1,791.26
1,778.91
Annual Report 2023
223