IndusInd Bank grants 95,000 stock options to five employees
IndusInd Bank's compensation and nomination & remuneration committee approved the grant of 95,000 stock options on October 17, 2025. These options are convertible into 95,000 equity shares of the bank upon exercise and have been allocated to five eligible employees as part of the employee stock option scheme (ESOP scheme).
The grant price for these stock options is set at Rs. 739.50 per share. This price corresponds to the previous trading day's closing price on the National Stock Exchange (NSE) on Thursday, October 16, 2025.
The vesting period for these options is three years from the date of grant, with a staggered vesting schedule of 33%, 33%, and 34% at one-year intervals from the grant date. Following the vesting period, employees will have an exercise period of five years from the date of vesting to convert their options into equity shares. This initiative aims to align employee interests with the bank's long-term growth and performance.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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