Prime Highlights-
- Nvidia has extended a one-time stock grant to many of its India-based employees, with payouts ranging from over ₹5 lakh to nearly ₹1 crore.
- The initiative reflects the company’s strategy to reward staff and improve long-term employee retention in a competitive tech industry.
Key Facts-
- The Jensen Special Grant, introduced in 2024, provides employees an additional 25% of their original restricted stock units, vesting over four years until 2028.
- In one case, a mid-level employee received eight extra stock units worth about ₹5.3 lakh, in addition to an annual equity grant valued at around ₹21.5 lakh.
Background-
Nvidia has given a one-time stock award to many of its employees in India, with payouts ranging from over ₹5 lakh to nearly ₹1 crore, according to data from salary tracker 6figr. The move aims to reward staff and improve retention in a competitive tech industry.
The special award, introduced in 2024 and known as the Jensen Special Grant, gives employees an additional 25% of their original restricted stock units. The grant will vest over four years, beginning in September 2024 and continuing through quarterly installments until 2028.
The value of these stock units was calculated using an average Nvidia share price of $898.2 and converted into rupees at an exchange rate of ₹82.9 per dollar.
Details reviewed from a compensation document show how the grant has increased employee earnings. In one instance, a mid-level solutions architecture employee received eight extra stock units under the scheme, valued at about ₹5.3 lakh at the time of allocation. This came on top of an annual equity grant of 29 units worth around ₹21.5 lakh.
The same document shows that the employee held 156 unvested stock units, valued at more than ₹1.2 crore as of April last year. This highlights how giving employees ownership stakes has grown into a key element of tech sector remuneration.
The shift highlights Nvidia’s approach to retaining skilled employees by linking rewards to long-term results instead of short-term performance.