Kotak Mahindra Bank has announced the issuance of 20,15,350 employee stock options to eligible staff members and employees of its subsidiary companies. The grant, made on May 15, 2026, follows the bank’s established ESOP Scheme 2023. These options provide employees with the opportunity to acquire equity shares, further aligning the workforce’s interests with the bank’s long-term performance and growth trajectory over the coming years.
Stock Option Details
On May 15, 2026, the Nomination and Remuneration Committee of Kotak Mahindra Bank approved the grant of 20,15,350 stock options. Each option entitles the holder to one equity share of the bank, having a face value of Re. 1/- per share. This initiative is part of the broader ESOP Scheme 2023, designed to incentivize and retain key talent across the bank and its subsidiaries.
Vesting Schedule and Exercise Period
The grant follows a structured multi-year vesting schedule to ensure long-term retention. The 20,15,350 options will vest in four equal tranches of 25% each, scheduled annually:
- 25% vesting on May 18, 2027
- 25% vesting on May 18, 2028
- 25% vesting on May 18, 2029
- 25% vesting on May 18, 2030
Once vested, employees will have an exercise period of one year from each respective vesting date to convert their options into equity shares, subject to the specific terms and conditions set forth in the ESOP Scheme 2023.
Source: BSE
