Grant of 1.65 lakh stock options to eligible employees under ESOS-2024
Fedbank Financial Services has granted 1.65 lakh stock options to a few eligible employees under ESOS-2024.
By ScoutQuest · · 2 min read
- Options Granted
- 1.65 lakh stock options
- Exercise Price
- Rs. 155.10 per option
- Vesting Period
- not earlier than 1 year and not later than 4 years from the grant date
Employee stock options granted
Fedbank Financial Services has granted stock options to a few eligible employees under its Employees Stock Option Scheme, 2024 (ESOS-2024). The grant was approved by the members of the Nomination and Remuneration Committee.
What was granted
- 1.65 lakh stock options were granted to a few eligible employees of the company.
- These options cover 1.65 lakh equity shares.
- The ESOS-2024 scheme is administered by the Nomination and Remuneration Committee.
Price and schedule
- The exercise price is Rs. 155.10 per option. This is the average of the opening and closing price on the National Stock Exchange of India Limited on October 22, 2026, the day on which the maximum number of shares were traded.
- The options vest not earlier than 1 year and not later than the maximum vesting period of 4 years from the date of grant.
- The options may be exercised within 3 years from the date of vesting.
- No options have been exercised yet, and the update marks the related particulars as not applicable at this stage.
What the shares will carry
- There is no lock-in on the equity shares arising upon exercise of these stock options.
- Equity shares arising on exercise will rank pari-passu with all the other equity shares of the company.
What this means in simple terms
A stock option is a right given to an employee to buy shares of the company at a fixed price decided now, called the exercise price. Employees usually gain only if the share price is above that exercise price when they choose to buy.
For the company, this is part of how it pays and retains employees. The options convert into equity shares only when employees exercise them, and the update lays out the vesting window of at least 1 year and up to 4 years, and an exercise window of 3 years from vesting. The disclosure sets out the size of the grant, the price, and the terms attached to the resulting shares, which lets a reader judge the scale of the employee stock option programme.
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More numbers
- Stock options granted1,65,000
- Equity shares covered by these options1,65,000 Equity Shares
- Exercise price per optionRs. 155.10/- per Option
- Minimum vesting period from grant1 year
- Maximum vesting period from grant4 years
- Exercise window from date of vesting3 years
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