ReNew Energy Global (RNW) officer details initial share and RSU holdings
Rhea-AI Filing Summary
ReNew Energy Global plc officer Balram Mehta has filed an initial ownership report showing his shareholdings in the company. The filing lists 82,359 Class A Ordinary Shares held directly and 1,363,704 shares held indirectly through an ESOP vehicle.
The disclosure also notes restricted stock units, including 27,712 vested RSUs and 54,647 unvested RSUs. These RSUs were granted on September 13, 2023, April 1, 2024, and April 1, 2025, and are scheduled to vest 33%, 33%, and 34% over the first three anniversaries of each grant date, subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mehta Balram
Role
See below Remarks (a)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Ordinary Shares | -- | -- | -- |
| holding | Class A Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Class A Ordinary Shares — 82,359 shares (Direct);
Class A Ordinary Shares — 1,363,704 shares (Indirect, By ESOP)
Footnotes (1)
- F1. Includes 27,712 vested restricted stock units ("RSUs") and 54,647 unvested RSUs. Each RSU represents a contingent right to receive one share of the Issuer's Class A Ordinary Shares. The RSUs were awarded on the following dates (each, a "Grant Date"): September 13, 2023 (27,631 RSUs awarded), April 1, 2024 (28,716 RSUs awarded) and April 1, 2025 (26,012 RSUs awarded). The vesting schedule for each of the foregoing awards, subject to the Reporting Person's continuous service through such dates, is 33% on each of the first and second anniversaries of the Grant Date, and 34% on the third anniversary of the Grant Date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the ReNew Energy Global (RNW) Form 3 filing by Balram Mehta show?
The Form 3 shows Balram Mehta’s initial ownership in ReNew Energy Global. It reports 82,359 Class A Ordinary Shares held directly and 1,363,704 shares held indirectly through an ESOP, plus details on his vested and unvested restricted stock units.
What restricted stock units (RSUs) are disclosed for Balram Mehta in RNW?
The disclosure states that Mehta has 27,712 vested RSUs and 54,647 unvested RSUs. Each RSU represents a contingent right to receive one Class A Ordinary Share of ReNew Energy Global, subject to the vesting conditions described in the filing.
When were Balram Mehta’s RSUs in ReNew Energy Global (RNW) granted?
The RSUs were granted on three dates: September 13, 2023, April 1, 2024, and April 1, 2025. Each grant follows the same vesting pattern over three years, contingent on Mehta’s continued service with the company.
How do Balram Mehta’s RSUs in RNW vest over time?
Each RSU grant vests 33% on the first anniversary, 33% on the second anniversary, and 34% on the third anniversary of the respective grant date. Vesting is subject to Mehta’s continuous service through each vesting date.
What type of indirect ownership is reported for Balram Mehta in RNW?
The Form 3 indicates indirect ownership of 1,363,704 Class A Ordinary Shares held "By ESOP." This means the shares are attributed to Mehta through an employee stock ownership plan structure rather than being held directly in his name.