Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 167

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 167
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 for PUs granted in 2024 and 2025 is determined using a Monte Carlo simulation model. This model simulates a range of possible future share prices and estimates the probabilities of the potential payouts. This model also incorporates the following assumptions:•The historical volatility for the companies in the Peer Group was measured using the most recent three-year period.•The risk-free interest rate is based on the U.S. Treasury rate assumption commensurate with the three-year performance period.•For determining the TSR of the Company and the companies in the Peer Group, dividends are assumed to have been reinvested in the stock of the issuing entities on a continuous basis.•The correlation coefficients used to model the way in which each entity tends to move in relation to each other are based upon the price data used to calculate historical volatility.The fair value of each PU granted to employees in the six months ended June 30, 2024 and June 30, 2025 was estimated on the date of grant using the following valuation assumptions:Six months ended June 30, 2024Six months ended June 30, 2025Dividend yield1.81%1.37%Expected life (years)2.802.81Risk-free rate for expected life 4.37%3.89%Volatility for expected life 24.24% 25.78%A summary of PU activity during the six months ended June 30, 2025 is set out below: Six months ended June 30, 2025Number of Performance UnitsWeighted Average Grant Date Fair ValueMaximum Shares Eligible to ReceiveOutstanding as of January 1, 20253,257,804 $39.77 6,204,877Granted855,094 54.052,052,226Vested (Note a)(1,152,320)44.50(1,152,320)Forfeited(191,088)39.02(458,611)Outstanding as of June 30, 20252,769,490 42.276,646,172Expected to vest (Note b)2,864,300   (a)1,152,320 PUs vested during the six months ended June 30, 2025, in respect of which 737,027 shares (net of minimum statutory tax withholding) were issued during the six months ended June 30, 2025.(b)The number of PUs expected to vest is based