ESOP13 Jul 2026, 01:01 pm
SBI Life Approves Grant of 8.94 Lakh Employee Stock Options
AI Summary
SBI Life Insurance Company Ltd. announced that its Board Nomination and Remuneration Committee has approved the grant of 8,94,910 employee stock options (ESOPs) under the ESOS-2018 scheme. Each option entitles the holder to one equity share of Rs. 10. The exercise price will be the lower of the Fair Market Value (FMV) on the grant date or the average FMV of the preceding 15 trading days. Vesting will occur in proportions of 30%-30%-40%, commencing one year from the grant date. The options are exercisable within seven years from the grant date. This move is in line with SEBI regulations and aims to incentivize eligible employees.
Key Highlights
- SBI Life grants 8,94,910 employee stock options.
- Options exercisable within seven years from grant date.
- Vesting schedule: 30%-30%-40% over time.
- Exercise price based on Fair Market Value.
- Aligns with SEBI regulations for employee benefits.
Price Impact
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