Bank grants ~13.02 lakh stock options at Rs. 692.80 under ESOS Plan H-2024
HDFC Bank's committee granted ~13.02 lakh equity stock options on October 24, 2026.
By ScoutQuest · · 2 min read
- Options Granted
- ~13.02 lakh equity stock options granted on October 24, 2026
- Grant Price
- Rs. 692.80 per option; face value Re. 1/-
- Vesting & Exercise Terms
- Vesting in 4 stages of 25% at 12/24/36 months, balance at 48 months; exercise within 4 years of vesting
The Bank informed the exchanges that its Governance, Nomination and Remuneration Committee granted stock options to employees on October 24, 2026, under its Employees' Stock Option Scheme (ESOS) – Plan H-2024 (ESOS 065).
What was granted
- ~13.02 lakh equity stock options of face value Re. 1/- each.
- Grant price of Rs. 692.80 per option.
- Each option is convertible into one equity share of the Bank upon vesting and exercise.
How the vesting is spread out
- 25% of the options vest on completion of twelve months from the grant date, rounded off to the nearest 100.
- Another 25% on completion of twenty-four months from the grant date.
- Another 25% on completion of thirty-six months from the grant date.
- The balance vests on completion of forty-eight months from the grant date.
So an employee does not receive the entire grant at one go; it opens up in four steps across about four years.
Exercise window
- Vested options have to be exercised within 4 years from the respective dates of vesting.
- If they are not exercised within that window, they lapse.
What this means for a retail investor
- Stock options are a form of employee pay. When options are exercised, equity shares are issued, which adds to the total number of shares outstanding.
- Because the grant vests in four stages and each vested tranche has its own four-year exercise window, any such share issuance would come in steps over time rather than all at once.
- The size of the grant, ~13.02 lakh options, is the figure to keep in mind when thinking about the potential share issuance.
- The disclosure is about employee compensation and does not by itself change the Bank's business operations.
The perception: this reads as a routine employee benefit announcement, giving no fresh information on the Bank's business performance or financial position.
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More numbers
- Equity stock options granted13,02,379
- Grant price per optionRs. 692.80
- Face value per equity shareRe. 1/-
- Number of vesting stages4 stages
- First tranche vesting25%
- Vesting of first tranche from grant datetwelve months
- Vesting of balance tranche from grant dateforty-eight months
- Exercise period from each vesting date4 years
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