NEW YORK CHAPTER

Mphasis Limited announced the granting of 25,000 stock options under its ESOP 2016 and 12,000 restricted stock units (RSUs) under its RSU Plan 2021 to eligible employees, effective November 7, 2024, as approved by its ESOP Compensation Committee. The stock options have an exercise price of ₹2,900, with equal vesting over five years and a 60-month exercise period, while the RSUs, priced at ₹10, follow a progressive vesting schedule of 10%, 20%, 30%, and 30% over five years, catering to both Indian and US-based employees. These equity grants are administered through the Mphasis Employees Equity Reward Trust, ensuring compliance with SEBI regulations, and the announcement was officially submitted to the BSE and NSE by Senior Vice President and Company Secretary Subramanian Narayan

The Rutgers University Institute for the Study of Employee Ownership and Profit Sharing has launched the University Consortium on Employee Share Ownership, a global academic network of 11 institutions aimed at advancing the study and practice of employee share ownership. The consortium will focus on research, teaching, policy analysis, professional education, and community engagement, connecting new initiatives with established resources to enhance scholarship and program development. Supported by the Ford Foundation, the consortium includes institutions such as Oxford University, UC San Diego, and Saint Mary’s University, and will collaborate with organizations like the National Center for Employee Ownership to grow and expand its impact.