HDFC Bank grants significant employee stock options and restricted stock units

HDFC Bank Limited announced on September 18, 2025, the grant of 3,78,49,180 equity stock options under the ESOS – Plan H-2024 (ESOS 61) scheme. These options, with a face value of Re. 1/- each, were granted at a price of Re. 966.50. Vesting will occur in four stages: 15% after twelve months, 20% after twenty-four months, 25% after thirty-six months, and the balance after forty-eight months. These grants are exercisable within four years of vesting.

Additionally, the bank granted 1,12,97,860 restricted stock units (RSU 013), 7,83,930 units (RSU 014), 2,550 units (RSU 015), and 2,640 units (RSU 016) under the Employees' Stock Incentive Master Scheme – 2022. All restricted stock units have a face value of Re. 1/- each and were granted at Re. 1/-. The RSU 013 and RSU 015 schemes vest in four stages, similar to the stock options. The RSU 014 scheme vests in three stages (30% after twelve months, 30% after twenty-four months, balance after thirty-six months). The RSU 016 scheme vests 100% after twelve months. All units must be exercised within one year of vesting.