Tracxn Allots 1.35 Lakh Stock Options to Employees
In a recent move, Tracxn, a private market platform, has allotted 1.34 lakh stock options to its eligible employees under the TRACXN Employee Stock Option Plan 2016. This move is expected to motivate and retain top talent within the organization, as well as align employees’ interests with those of the company.
The ESOPs (Employee Stock Options) are convertible into one fully paid-up equity share each and will have an exercise price of ₹1 per share. The options can be exercised within a period of five years from the date of their vesting. This means that employees will have the opportunity to exercise their options and own a part of the company’s equity, further incentivizing them to contribute to the company’s growth and success.
Tracxn’s decision to allot stock options to its employees is a significant step towards building a culture of ownership and empowerment within the organization. By giving employees a stake in the company’s future, Tracxn is demonstrating its commitment to its employees’ well-being and success.
The ESOP plan is a popular tool used by many companies to attract, retain, and motivate top talent. By offering stock options, companies can provide employees with a sense of ownership and a vested interest in the company’s performance. This can lead to increased employee engagement, motivation, and productivity, as well as a reduced turnover rate.
Tracxn’s decision to allot stock options to its employees is also seen as a positive sign for the company’s future growth and success. By empowering its employees with a stake in the company’s equity, Tracxn is creating a culture of ownership and accountability that can drive innovation and entrepreneurship within the organization.
In addition to the employee benefits, this move is also expected to have a positive impact on Tracxn’s financial performance. By allocating a significant portion of its equity to its employees, Tracxn is creating a pool of potential investors who can support the company’s future growth and expansion plans.
The allotment of stock options to employees is also seen as a way to reduce the company’s reliance on external funding sources. By empowering its employees with a stake in the company’s equity, Tracxn can reduce the need for external financing and create a more sustainable business model.
In conclusion, Tracxn’s decision to allot 1.34 lakh stock options to its eligible employees is a significant move that demonstrates the company’s commitment to its employees’ well-being and success. By providing employees with a stake in the company’s equity, Tracxn is creating a culture of ownership and empowerment that can drive innovation, entrepreneurship, and growth within the organization.
Source: https://inc42.com/buzz/tracxn-allots-1-35-lakh-stock-options-to-employees/
