Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 77

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 three months to four years. The compensation expense is recognized on a straight-line basis over the vesting term. A summary of RSU activity during the six months ended June 30, 2025 is set out below:  Six Months Ended June 30, 2025Number of Restricted Share UnitsWeighted Average Grant Date Fair ValueOutstanding as of January 1, 20252,134,269$36.71 Granted1,104,06348.14Vested (Note a)(786,502)37.25 Forfeited(132,588)38.77Outstanding as of June 30, 20252,319,24241.85Expected to vest (Note b)2,073,709    (a)784,514 RSUs vested during the six months ended June 30, 2025, in respect of which 485,218 shares (net of minimum statutory tax withholding) were issued. 1,988 RSUs vested in the six months ended June 30, 2025, shares in respect of which will be issued in 2025 after withholding shares to the extent of minimum statutory withholding taxes.(b)The number of RSUs expected to vest reflects the application of an estimated forfeiture rate.    22,551 RSUs vested in the year ended December 31, 2024, in respect of which 13,626 shares were issued during the six months ended June 30, 2025 after withholding shares to the extent of minimum statutory withholding taxes.47,193 RSUs vested in the year ended December 31, 2023, in respect of which 46,982 shares were issued during the six months ended June 30, 2025 after withholding shares to the extent of minimum statutory withholding taxes.As of June 30, 2025, the total remaining unrecognized stock-based compensation cost related to RSUs amounted to $68,336, which will be recognized over the weighted average remaining requisite vesting period of 2.1 years.Performance units The Company also grants stock awards in the form of performance units (“PUs”) and has granted PUs under both the 2007 Omnibus Plan and 2017 Omnibus Plan.Each PU represents the right to receive one common share at a future date based on the Company’s performance against specified targets. PUs granted to date have vesting schedules of approximately six months to three years. PUs granted under the plans are subject to cliff