Company: G
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001398659-25-000059
Chunk: 66

Company: Genpact LTD
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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 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 three months ended March 31, 2024 and March 31, 2025 was estimated on the date of grant using the following valuation assumptions:Three months ended March 31, 2024Three months ended March 31, 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 three months ended March 31, 2025 is set out below: Three Months Ended March 31, 2025Number of Performance UnitsWeighted Average Grant Date Fair ValueMaximum Shares Eligible to ReceiveOutstanding as of January 1, 20253,257,804 39.776,204,877Granted844,861 54.112,027,666Vested (Note a)(1,152,320)44.50(1,152,320)Forfeited(90,817)37.23(217,961)Outstanding as of March 31, 20252,859,528 42.186,862,262Expected to vest (Note b)2,939,259   (a)1,152,320 PUs vested during the three months ended March 31, 2025, in respect of which 737,027 shares (net of minimum statutory tax withholding) were issued during the three months ended March 31, 2025.(b)The number of PUs expected to vest is based on the probable achievement of the performance targets after considering an estimated forfeiture rate.

33

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

14. Stock-based compensation (