HDFC Life announced the grant of 10,000 equity stock options on March 08, 2026, under its Employee Stock Option Scheme 2022. Each option is convertible into one share at a grant price of Rs. 668.55/-. The options follow a phased vesting schedule, with 50% vesting on the third anniversary and the remaining 50% vesting on the fourth anniversary from the grant date. Unexercised vested options will lapse after five years.
Employee Stock Option Grant Disclosure
HDFC Life Insurance Company Limited has formally disclosed the issuance of new stock options to its employees. On March 08, 2026, the Nomination & Remuneration Committee approved the grant of 10,000 equity stock options. These options are associated with the Employee Stock Option Scheme implemented in 2022.
Terms of the Option Grant
Each option granted is convertible into one equity share. The specified grant price for these options is Rs. 668.55/- per option, contrasting with the face value of Rs. 10/- per share.
Vesting Schedule Details
The options are subject to a two-stage vesting schedule based on the date of grant:
- 50% of Options granted are scheduled to vest on the 3rd anniversary from the date of the grant.
- The remaining 50% of Options granted are scheduled to vest on the 4th anniversary from the date of the grant.
Exercise Window and Expiry
Employees who receive these options must exercise their vested options within a stipulated period of 5 years from their respective vesting dates. If the options are not exercised within this period, they will lapse forthwith.
The disclosure was authorized and digitally signed by Nagesh Pai, Company Secretary & Compliance Officer.
Source: BSE
