ReNew Energy CEO vests 400K performance options
CEO Sumant Sinha had performance stock options and PBUs vest after exceeding performance metrics, adding significant equity-linked incentives at ReNew Energy Global plc.
Rhea-AI Filing Summary
ReNew Energy Global plc (RNW) reported that Chief Executive Officer and director Sumant Sinha received equity awards that vested based on performance. On September 13, 2026, 400,000 previously granted performance stock options vested at an exercise price of $5.87 per Class A Ordinary Share, increasing his directly held options to 1,200,000. On the same date, 248,040 Performance Based Units (PBUs) vested for him, and on September 12, 2026, 22,988 PBUs vested for his spouse, both reflecting 104% of the applicable Performance Metrics having been achieved.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Options (Right to Buy) F1 | 400,000 | -- | -- |
| Grant/Award | Performance Based Units (PBUs) F2 | 248,040 | -- | -- |
| Grant/Award | Performance Based Units (PBUs) F3 | 22,988 | -- | -- |
Footnotes (3)
- F1. On September 13, 2023, the Issuer granted 1,600,000 performance stock options to Mr. Sinha. On September 13, 2026, 400,000 performance stock options vested based on the applicable performance vesting conditions being met. The remaining 400,000 performance stock options shall vest on September 13, 2027, subject to the applicable performance vesting conditions.
- F2. On September 13, 2023, the Issuer granted Mr. Sinha 238,500 PBUs the vesting of which were subject to achievement of certain Performance Metric. On September 13, 2026, 248,040 PBUs vested based on 104% of the Performance Metrics having been achieved as of the vesting date.
- F3. On September 13, 2023, the Issuer granted to Ms. Vaishali Nigam Sinha, who is Mr. Sinha's spouse, 22,104 PBUs the vesting of which were subject to achievement of certain Performance Metric. On September 12, 2026, 22,988 PBUs vested based on 104% of the Performance Metrics having been achieved as of the vesting date.
Key Figures
Key Terms
Performance stock options financial
Performance Based Units (PBUs) financial
Performance Metrics financial
exercise price financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity awards were reported for RNW CEO Sumant Sinha on this Form 4?
How many performance stock options does the RNW CEO hold after these transactions?
What Performance Based Units (PBUs) vested for RNW CEO Sumant Sinha?
Were there any equity awards reported for the RNW CEO’s spouse?
What are the key terms of the RNW CEO’s vested performance stock options?
Is there any indication these RNW insider transactions used a Rule 10b5-1 plan?
AI-generated analysis. How Rhea-AI works. Not financial advice.