Company: G
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001140361-25-013031
Chunk: 45

Company: Genpact LTD
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 45
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 talent is high in our industry, and to align the long-term interests of our executives with those of our shareholders. Equity-based compensation is subject to multi-year vesting requirements, which requires the continued service of our executives in order for them to realize gains. For 2024, the annual equity component of our executive officer compensation was comprised of PSUs and RSUs. Our compensation committee believes that a mix of annual PSUs and RSUs aligns with market practice among our peers and incentivizes growth without encouraging excessive risk taking. In 2024, we granted PSUs and RSUs to all of our named executive officers other than Mr. Tyagarajan. The PSUs represented between 37% and 43% of the total 2024 target compensation for our named executive officers, and the RSUs represented between 17% and 38% of the total 2024 target compensation for our named executive officers. We also granted one-time retention RSUs and supplemental PSUs to certain of our named executive officers as set forth below under “2024 Restricted share unit awards” and “2024 Performance share unit awards.” 2024 Restricted share unit awards The RSUs we granted to our named executive officers in 2024 vest with respect to one-third of the shares underlying the award on January 10th each year from 2025 through 2027, subject to each named executive officer’s service through each vesting date. In addition, in the event of a named executive officer’s termination of service by reason of death, disability or retirement, a pro rataportion of such shares will vest based on the period of service through the termination date. In March 2024, we granted additional one-time RSUs to Mr. Weiner with a value of $2 million and to Messrs. Mehta and Nanduru and Ms. Vashisht with a value of $1.5 million each as a one-time retention award in connection with our CEO transition in early 2024. These RSUs vest in equal installments over a three-year period on the same schedule as the annual RSU grants awarded in 2024. 2024 Performance share unit awards Under the 2024 PSU awards, each of our named executive officers other than Mr. Tyagarajan is eligible to receive shares based on the Company’s level of attainment of specified performance goals over a three-year performance period and such officer’s continued service through a service vesting period ending on March 10, 2027. The performance goals for the