Bandhan Bank has announced the grant of 10,000 equity stock options to an eligible employee under its ‘ESOP Series 1’ plan. Approved by the Nomination and Remuneration Committee on April 22, 2026, these options are priced at Rs. 176.13 per unit. Each option provides the right to acquire one equity share of the Bank, with a structured vesting schedule designed to incentivize long-term performance over the next four years.
Grant Details and Pricing
On April 22, 2026, the Bank’s committee finalized the issuance of 10,000 equity stock options. These options were granted at a price of Rs. 176.13 per share, determined by the closing market price on the preceding trading day, April 21, 2026. Each option carries the entitlement to be converted into one equity share of the Bank, which holds a face value of Rs. 10.
Vesting Schedule and Exercise Period
The granted options will follow a tiered vesting schedule to support talent retention and long-term commitment. The vesting timeline is as follows:
- 25% vesting after one year from the grant date.
- 25% vesting after two years from the grant date.
- 25% vesting after three years from the grant date.
- 25% vesting after four years from the grant date.
Once vested, the employee will have a maximum window of five years from the date of respective vesting to exercise these options and acquire the underlying equity shares.
Source: BSE
