HDFC Life has announced the grant of over 9 lakh equity stock options to eligible employees. These grants, issued under the company’s Employee Stock Option Scheme 2025 and 2022, are priced at Rs. 609.75 per share. The options are set to vest over a three-year period, incentivizing long-term commitment and performance within the organization.
Stock Option Grant Details
On April 21, 2026, the Nomination & Remuneration Committee of HDFC Life approved the distribution of equity stock options to employees. The initiative includes two separate tranches based on existing employee benefit schemes.
Under the Employee Stock Option Scheme 2025, a total of 8,70,471 options have been granted. Additionally, 32,372 options were granted under the Employee Stock Option Scheme 2022. Both sets of options carry a grant price of Rs. 609.75 per share.
Vesting and Exercise Terms
The vesting schedule for these options is performance-linked and distributed over three years from the date of the grant:
- 1st Anniversary: 30% of options vest
- 2nd Anniversary: 30% of options vest
- 3rd Anniversary: 40% of options vest
The window to exercise these options varies by scheme. For the 2025 Scheme, employees must exercise their vested options within 4 years from the date of vesting. For the 2022 Scheme, the exercise period is extended to 5 years from the date of respective vesting. Failure to exercise within these timeframes will result in the lapse of the options.
Source: BSE
