HDFC Life Approves 3.49 Million Stock Options and RSUs

HDFC Life Insurance Company Ltd announced that its Nomination & Remuneration Committee has approved the grant of 2,385,355 equity stock options and 1,105,140 performance restricted stock units. The stock options have a face value of Rs. 10 and a grant price of Rs. 531.60, vesting over three years (30%, 30%, 40%) and exercisable within four years of vesting. The restricted stock units also have a face value of Rs. 10 and a grant price of Rs. 10, with identical vesting schedules and exercise periods. These grants are made under the Employee Stock Option Scheme 2025 and Performance Restricted Stock Units Scheme 2025, respectively.