Kotak Mahindra Bank has granted 53,640 Performance Linked Restricted Stock Units (PRSUs) under its 2025 scheme to eligible employees. These units will vest in four tranches of 25% each, starting May 31, 2027, and annually until May 31, 2030. Each PRSU entitles the grantee to one equity share. The exercise period is one year from the vesting date.
Grant of Performance Linked Restricted Stock Units
Kotak Mahindra Bank announced the grant of Performance Linked Restricted Stock Units (PRSUs) to its eligible employees. This grant was made under the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme, 2025.
Details of the Grant
The bank has granted a total of 53,640 PRSUs. These units will vest in four tranches as follows:
25%
May 31, 2027
1 year from the Vesting Date
25%
May 31, 2028
25%
May 31, 2029
25%
May 31, 2030
Each PRSU entitles the grantee to one equity share of the bank.
Vesting and Exercise
The vesting and exercise of these PRSUs are subject to the fulfillment of specific conditions, including performance-related criteria. The exercise period for each vested tranche is one year from the respective vesting date.
Source: BSE
