ReNew Energy (NASDAQ: RNW) CFO clarifies 1.82M stock options in Form 3/A
Rhea-AI Filing Summary
ReNew Energy Global plc filed an amended Form 3 for Chief Financial Officer Kailash Vaswani to correct how his equity awards are classified. A previously filed Form 3 had reported 1,816,625 shares as held by an ESOP; this amendment clarifies that these interests are actually stock options, with no change to RSUs or the Power of Attorney.
The filing lists several grants of Employee Stock Options over Class A Ordinary Shares with exercise prices ranging from $1.33 to $10.00 per share, generally expiring on August 23, 2031. Footnotes explain that multiple grants made on August 23, 2021, September 13, 2023, and November 1, 2023 are fully or partially vested and exercisable, with some options scheduled to vest quarterly through 2027. The notes also state that 100,000 options from one grant have been sold and 14,400 from another grant have been forfeited.
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Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Vaswani Kailash
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
| holding | Employee Stock Options (Right to Buy) | -- | -- | -- |
Holdings After Transaction:
Employee Stock Options (Right to Buy) — 1,945,625 shares (Direct)
Footnotes (8)
- F1. The previously filed Form 3 inadvertantly reported 1,816,625 shares as held by ESOP as of March 18, 2026. This amendment is being filed to correctly report the shares as Stock Options. There is no change to the RSUs as reported or the Power of Attorney as attached to the previously filed Form 3.
- F2. On August 23, 2021, the Issuer granted 308,902 Stock Options to Mr. Vaswani, all of which are fully vested and exercisable as of the date hereof, other than 100,000 Stock Options which have been sold.
- F3. On August 23, 2021, the Issuer granted 251,496 Stock Options to Mr. Vaswani, all of which are fully vested and exercisable as of the date hereof.
- F4. On August 23, 2021, the Issuer granted 181,032 Stock Options to Mr. Vaswani, all of which are fully vested and exercisable as of the date hereof.
- F5. On August 23, 2021, the Issuer granted 418,595 Stock Options to Mr. Vaswani, all of which are fully vested and exercisable as of the date hereof.
- F6. On August 23, 2021, the Issuer granted 600,000 Stock Options to Mr. Vaswani, all of which are fully vested and exercisable as of the date hereof, other than 14,400 Stock Options which have been forfeited.
- F7. On September 13, 2023, the Issuer granted 120,000 Stock Options to Mr. Vaswani, of which 72,000 have vested as of the date hereof, and the remaining 48,000 Stock Options shall vest on a quarterly basis through September 13, 2027.
- F8. On November 1, 2023, the Issuer granted 180,000 Stock Options to Mr. Vaswani, of which 108,000 have vested as of the date hereof, and the remaining 72,000 Stock Options shall vest on a quarterly basis through November 1, 2027.
Key Figures
Reclassified ESOP amount: 1,816,625 shares
Option exercise prices: $1.33–$10.00 per share
Primary expiration date: August 23, 2031
+4 more
7 metrics
Reclassified ESOP amount
1,816,625 shares
Previously reported as ESOP, now clarified as stock options
Option exercise prices
$1.33–$10.00 per share
Strike prices for multiple Employee Stock Option grants
Primary expiration date
August 23, 2031
Expiration for the disclosed Employee Stock Options
Grant on August 23, 2021
600,000 stock options
Fully vested and exercisable, except 14,400 forfeited
Grant on August 23, 2021
308,902 stock options
Fully vested and exercisable, except 100,000 sold
Grant on September 13, 2023
120,000 stock options
72,000 vested; 48,000 vest quarterly through 2027
Grant on November 1, 2023
180,000 stock options
108,000 vested; 72,000 vest quarterly through 2027
Key Terms
Employee Stock Options (Right to Buy), fully vested and exercisable, forfeited, Class A Ordinary Shares, +2 more
6 terms
Employee Stock Options (Right to Buy) financial
"security_title: Employee Stock Options (Right to Buy)"
fully vested and exercisable financial
"all of which are fully vested and exercisable as of the date hereof"
forfeited financial
"other than 14,400 Stock Options which have been forfeited"
Power of Attorney regulatory
"no change to the RSUs as reported or the Power of Attorney"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
ESOP financial
"reported 1,816,625 shares as held by ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the ReNew Energy Global (RNW) Form 3/A amendment change?
The amendment reclassifies 1,816,625 previously reported ESOP shares as stock options. It confirms there is no change to reported RSUs or the existing Power of Attorney for CFO Kailash Vaswani.
How many ReNew Energy (RNW) stock options were clarified in this Form 3/A?
The filing clarifies multiple option grants over Class A Ordinary Shares, including blocks of 600,000, 418,595, 251,496, 181,032, 308,902, 120,000 and 180,000 options, each with specified vesting and exercisability terms.
What are the exercise prices of Kailash Vaswani’s ReNew Energy (RNW) options?
The options disclosed carry exercise prices of $1.33, $1.75, $2.73, $4.53, $5.78, $5.87 and $10.00 per share. All relate to Employee Stock Options over ReNew Energy Global Class A Ordinary Shares.
When do the reported ReNew Energy (RNW) stock options held by the CFO expire?
The derivative summary shows these Employee Stock Options generally expire on August 23, 2031. This single expiration date applies across the different option series detailed in the amended Form 3.
What vesting schedules are described for ReNew Energy (RNW) CFO stock options?
Several grants made on August 23, 2021 are fully vested and exercisable. Grants of 120,000 options on September 13, 2023 and 180,000 on November 1, 2023 are partially vested, with remaining options vesting quarterly through 2027.
Does the ReNew Energy (RNW) Form 3/A mention any sold or forfeited options?
Yes. One 308,902-option grant notes that 100,000 stock options have been sold, while a 600,000-option grant states that 14,400 stock options have been forfeited. These historical adjustments are described in the footnotes.