Embassy REIT transfers units to employee under incentive plan
Embassy Office Parks REIT disclosed the transfer of 16,905 units to Abraham Theverthundyil Koshy, Chief Design Officer - Design Management, under its Employee Incentive Plan 2020. The off-market transaction, executed on July 01, 2026, by the Embassy Office Parks REIT Employee Welfare Trust, was without consideration. Post-transfer, Koshy holds 0.0017% of the total unitholding, while the trust's holding reduced to 0.0987%.
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Embassy Office Parks REIT disclosed the transfer of 16,905 units to a designated person under its Employee Incentive Plan 2020. The off-market transaction was executed on July 01, 2026, and intimated to the manager on July 03, 2026. The transfer was carried out by the Embassy Office Parks REIT Employee Welfare Trust, with Beacon Trusteeship Limited acting as the trustee.
The disclosure was made to the National Stock Exchange of India Limited and BSE Limited on July 07, 2026, under Regulation 7(2) read with Regulation 6(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The transfer was made without consideration as part of the employee incentive scheme.
Abraham Theverthundyil Koshy, Chief Design Officer - Design Management, was the designated person who acquired the units. Following the transfer, Koshy holds 16,905 units, representing 0.0017% of the total unitholding. The Embassy Office Parks REIT Employee Welfare Trust's holding reduced to 9,35,839 units, or 0.0987% of the total unitholding, post-transfer.
Transaction Details
| Entity | Category | Units Transferred | Holding Post-Transfer | Date of Transfer |
|---|---|---|---|---|
| Embassy Office Parks REIT Employee Welfare Trust | Others, ESOP Trust | 16,905 | 9,35,839 (0.0987%) | July 01, 2026 |
| Abraham Theverthundyil Koshy | Designated Person | 16,905 | 16,905 (0.0017%) | July 01, 2026 |
The transaction was executed off-market and did not involve any trading in derivatives. The disclosures were signed by Deepavali Vankalu, Senior Vice President, on behalf of the trust, and by Abraham Koshy. Vinitha Menon, Head - Company Secretary and Compliance Officer, submitted the disclosure to the exchanges on behalf of Embassy Office Parks REIT.
Historical Stock Returns for Embassy Office Parks REIT
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.26% | -1.93% | +1.11% | +1.58% | +9.27% | +22.25% |
Will this transfer trigger similar ESOP allocations for other senior executives in the near future?
How might the reduction in the ESOP Trust's holding impact its ability to fund future employee incentive grants?
What are the vesting conditions attached to these units, and when will Abraham Koshy be eligible to sell them?
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