Kotak Mahindra Bank approves new stock unit scheme

Kotak Mahindra Bank (BSE: KOTAKBANK) has announced the adoption of its new Performance Linked Restricted Stock Unit Scheme 2025 (PRSU Scheme). The scheme, approved by the bank's members on February 20, 2025, will cover a maximum of 9 million fully paid-up equity shares with a face value of ₹5 each. The exercise price will be the face value of the shares at the time of grant. The PRSUs can be exercised within one year from the vesting date. The scheme aims to incentivize employees and align their interests with the bank's performance. It also provides a framework for variable compensation and is in compliance with SEBI regulations, and will be administered directly by the bank.