ESOP21 Apr 2026, 08:31 pm
HDFC Life grants 9.02 lakh ESOPs at ₹609.75
AI Summary
HDFC Life Insurance Company Ltd's Nomination & Remuneration Committee approved the grant of 902,843 equity stock options on April 21, 2026. This includes 870,471 options under the Employee Stock Option Scheme 2025 and 32,372 options under the Employee Stock Option Scheme 2022. Both grants are at a price of ₹609.75 per option. The vesting schedule for both schemes is 30% on the first anniversary, 30% on the second, and 40% on the third anniversary from the grant date. Vested options from the 2025 scheme must be exercised within 4 years, while those from the 2022 scheme have a 5-year exercise period.
Key Highlights
- HDFC Life granted a total of 902,843 equity stock options.
- The options were granted at a uniform price of ₹609.75 each.
- Vesting occurs over three years: 30%, 30%, and 40% annually.
- Exercise periods are 4 years for the 2025 scheme and 5 years for the 2022 scheme.
Price Impact
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