IDFC First Bank approves new employee stock options plan

IDFC First Bank (BSE:IDFCFIRSTB) announced today that its Nomination & Remuneration Committee approved the grant of 7,50,000 employee stock options, under IDFC FIRST Bank Limited - Employee Stock Option Scheme. The move will benefit eligible employees of the bank. The stock options are determined as per SEBI (SBEB & SE) Regulations and will vest equally over a period of five years (20% per year). Exercise of stock options can be implemented over a 3 year period. The announcement was made on February 21, 2025, and complies with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.