Infosys approves Rs 51 crore ESOP grants for CEO Salil Parekh

India’s second largest IT firm Infosys‘ board has accredited the grant of stock incentives or Employee Stock Option Plans (ESOPs) value over Rs 51 crore to CEO and MD Salil Parekh. These inventory incentives are underneath numerous heads together with ESG and fairness, and add as much as over Rs 51 crore.

In a latest submitting, the corporate stated the board, based mostly on the suggestions of the Nomination and Remuneration Committee, accredited the stated annual grants to Parekh, as per his employment settlement accredited by shareholders.

Amongst them is “grant of annual performance-based inventory incentives (Annual Efficiency Fairness Grant) within the type of Restricted Stock Units (RSUs) masking firm’s fairness shares having a market worth of Rs 34.75 crore as on the date of the grant underneath the 2015 Inventory Incentive Compensation Plan (2015 plan)”.

This, Infosys stated, would vest 12 months from the date of grant topic to achievement of efficiency targets as decided by the board.

The nod additionally contains grant of annual performance-based inventory incentives (Annual efficiency fairness ESG grant) within the type of RSUs masking firm’s fairness shares having a market worth of Rs 2 crore as on the date of the grant underneath the 2015 Plan, which shall vest 12 months from the date of the grant, topic to the corporate’s achievement of sure setting, social and governance milestones as decided by the board.

It additionally greenlit grant of annual performance-based inventory incentives (Annual efficiency Fairness TSR grant) within the type of RSUs masking firm’s fairness shares having a market worth of Rs 5 crore as on the date of the grant underneath the 2015 Plan. This may vest on or after March 31, 2027 topic to sure standards.

Infosys additionally knowledgeable that the nod contains: “The grant of annual performance-based inventory incentives (2019 Annual Efficiency Fairness Grant) within the type of Restricted Inventory Models (RSU’s) masking Firm’s fairness shares having a market worth of Rs 10 crore as on the date of the grant underneath the Infosys Expanded Inventory Possession Program-2019 (2019 Plan), which shall vest 12 months from the date of the grant topic to the corporate’s achievement of sure efficiency standards as specified by the 2019 Plan.”

The ESOPs will probably be granted with impact from Could 2, 2025 and the variety of RSUs will probably be calculated based mostly in the marketplace worth on the shut of buying and selling on Could 2, 2025, the corporate knowledgeable in a BSE submitting on Thursday, because it launched the This autumn and full 12 months FY25 scorecard.