Company: G
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001398659-25-000109
Chunk: 81

Company: Genpact LTD
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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 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 nine months ended September 30, 2025 is set out below:  Nine months ended September 30, 2025Number of Restricted Share UnitsWeighted Average Grant Date Fair ValueOutstanding as of January 1, 20252,134,269$36.71 Granted1,136,63748.02Vested (Note a)(810,027)37.27 Forfeited(196,237)39.32Outstanding as of September 30, 20252,264,64241.96Expected to vest (Note b)2,069,059    (a)810,027 RSUs vested during the nine months ended September 30, 2025, in respect of which 502,558 shares (net of minimum statutory tax withholding) were issued. (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 nine months ended September 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 nine months ended September 30, 2025 after withholding shares to the extent of minimum statutory withholding taxes.As of September 30, 2025, the total remaining unrecognized stock-based compensation cost related to RSUs amounted to $56,833, which will be recognized over the weighted average remaining requisite vesting period of 2.0 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