|WNS (HOLDINGS) LTD filed this Form 20-F on 05/16/2018|
WNS (HOLDINGS) LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Amounts in thousands, except share and per share data)
The fair value of RSUs is generally the market price of the Companys shares on the date of grant. As at March 31, 2018, there was $6,893 of unrecognized compensation cost related to unvested RSUs. This amount is expected to be recognized over a weighted average period of 2.7 years. To the extent the actual forfeiture rate is different than what the Company has anticipated, share-based compensation expense related to these RSUs will be different from the Companys expectations.
The weighted average grant date fair value of RSUs granted during the year ended March 31, 2018, 2017 and 2016 was $30.85, $30.26, and $25.16 per ADS, respectively. The aggregate intrinsic value of RSUs exercised during the year ended March 31, 2018, 2017 and 2016 was $34,339, $9,991 and $10,294, respectively. The total grant date fair value of RSUs vested during the year ended March 31, 2018, 2017 and 2016 was $16,931, $14,631 and $6,824, respectively.
The weighted average share price of RSU exercised during the year ended March 31, 2018, 2017 and 2016 was $35.73, $29.08 and $28.52, respectively.
Movements in the number of RSUs dependent on market performance condition outstanding under the 2006 Incentive Award Plan and the 2016 Incentive Award Plan and their related weighted average fair values are as follows:
On March 15, 2017, the Company modified the vesting period in respect of the RSUs as below:
Subsequent vesting of RSUs for each of the remaining years would be subject to continued employment.