CSB Bank has announced the approval of a grant of 5,90,469 stock options to its eligible employees. This initiative, facilitated under the bank’s existing employee stock option scheme, involves equity shares with a face value of Rs. 10 each. The options have been granted at an exercise price of Rs. 358.65 per share, reflecting the recent trading performance of the bank’s equity on the stock exchange.
Stock Option Grant Details
On May 18, 2026, the Nomination & Remuneration Committee of CSB Bank approved the grant of 5,90,469 stock options. These options represent an equivalent number of fully paid-up equity shares of the bank, each with a face value of Rs. 10. The exercise price for these options has been set at Rs. 358.65 per equity share, determined based on the closing market price on the National Stock Exchange (NSE) on May 15, 2026.
Vesting Schedule
The granted options will follow a structured vesting timeline to align with the bank’s long-term retention goals:
- 25% of the options will vest after 12 months (May 18, 2027).
- 25% will vest after 24 months (May 18, 2028).
- 25% will vest after 36 months (May 18, 2029).
- The remaining balance will vest after 48 months (May 18, 2030).
Exercise Period
Eligible employees may exercise their vested options within a period of 3 years from the respective date of vesting, provided they remain in the service of the bank. Specific terms for separation are governed by the established bank scheme policies.
Source: BSE
