Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 64

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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-based compensation cost for options expected to vest amounted to $3,772, which will be recognized over the weighted average remaining requisite vesting period of 1.3 years.

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GENPACT LIMITED AND ITS SUBSIDIARIESNotes to the Consolidated Financial Statements(Unaudited)(In thousands, except per share data and share count)

14. Stock-based compensation (Continued)Restricted share unitsThe Company has granted restricted share units (“RSUs”) under the 2007 Omnibus Plan and 2017 Omnibus Plan. Each RSU represents the right to receive one common share. The fair value of each RSU is the market price of one common share of the Company on the date of grant. The RSUs granted to date have graded vesting schedules of 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 three months ended March 31, 2025 is set out below:  Three Months Ended March 31, 2025Number of Restricted Share UnitsWeighted Average Grant Date Fair ValueOutstanding as of January 1, 20252,134,26936.71Granted816,93649.61Vested (Note a)(748,410)37.32 Forfeited(54,055)36.60Outstanding as of March 31, 20252,148,74041.40Expected to vest (Note b)1,907,510    (a)745,571 RSUs vested during the three months ended March 31, 2025, in respect of which 462,297 shares (net of minimum statutory tax withholding) were issued. 2,839 RSUs vested in the three months ended March 31, 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 three months ended March 31, 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 three months ended March 31, 202