ESOP5 Oct 2026, 11:27 am
CSB Bank Grants 1.77 Lakh Stock Options to Directors
AI Summary
CSB Bank Limited announced that its Nomination & Remuneration Committee has approved the grant of 1,77,276 stock options to its Whole-time Directors under the CSB Bank Employee Stock Option Scheme 2026. These options are exercisable into equity shares at an exercise price of ₹304.75 per share. The grant is part of the variable pay for the performance period April 1, 2025, to March 31, 2026, and has received approval from the Reserve Bank of India. The options will vest in tranches over four years, starting October 5, 2027, with the exercise period extending up to three years from vesting.
Key Highlights
- 1,77,276 stock options granted to Whole-time Directors.
- Exercise price set at ₹304.75 per option.
- Options vest over a four-year period starting October 2027.
- Grant is part of variable pay for FY26 performance.
- RBI approval obtained for the stock option grant.
Price Impact
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