CSB Bank has announced the transfer of 8,278 equity shares from the CSB ESOS Trust to two eligible grantees. This transaction was completed on May 19, 2026, following the successful exercise of vested stock options by the employees under the CSB Employee Stock Option Scheme 2019.
Details of Share Transfer
On May 19, 2026, CSB Bank facilitated a transfer of 8,278 equity shares from its designated ESOS Trust. This action reflects the fulfillment of obligations toward employees who have exercised their vested stock options as provided under the bank’s compensation framework.
Context of the Transaction
The transfer was executed in alignment with the CSB Employee Stock Option Scheme 2019, which serves as a mechanism to incentivize and reward performance among the bank’s workforce. By transferring these shares to two eligible grantees, the bank has successfully completed the latest round of option exercises, ensuring that the participants receive their entitlements in accordance with the established scheme guidelines.
Source: BSE
