Renew Energy Global offers eligible departing employees cash option for vested replacement awards
RNW•Renew Energy Global amended its replacement award terms, allowing eligible participants who leave within 12 months of October 28, 2026, to elect cash settlement for vested awards or retain them until December 31, 2035.
1. Amended award terms
Under the amended terms, participants who leave within 12 months of October 28, 2026, are eligible unless their departure involves fraud or gross misconduct. They can retain vested replacement awards, exercisable until December 31, 2035, or elect cash settlement equal to the underlying vested shares multiplied by the transaction Consideration, less the aggregate exercise price. Payment is due as soon as practicable following departure. Vesting follows the original schedules, excluding transaction-related acceleration; remaining replacement awards lapse immediately upon departure.
