Company: G
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001398659-25-000098
Chunk: 165

Company: Genpact LTD
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 165
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,18633.05 3.550,293Weighted average grant date fair value of grants during the period—  (a)Options expected to vest reflect an estimated forfeiture rate.As of June 30, 2025, the total remaining unrecognized stock-based compensation cost for options expected to vest amounted to $2,920, which will be recognized over the weighted average remaining requisite vesting period of 1.1 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)

15. 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 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