IDFC FIRST Bank’s Nomination & Remuneration Committee has approved the grant of 98,00,000 stock options to new joiners and eligible employees. This initiative aims to reward, incentivize, and retain talent based on performance. The options will vest equally over 4 years, with an exercise period of 3 months post-vesting. Executive Board members are excluded from this grant.
Employee Stock Option Scheme Approved
The Nomination & Remuneration Committee (NRC) of IDFC FIRST Bank Limited has given its approval for the grant of 98,00,000 stock options. These options are designated for new employees joining the bank and other eligible staff members. This strategic move aligns with the company’s objective to reward high-performing employees, provide incentives, and ensure the retention of key talent within the organization.
Grant Details and Vesting Schedule
The stock options will be granted at a price determined by the NRC, in adherence to the SEBI (SBEB) Regulations, 2021. Notably, Executive Board members are not included in this particular grant. The vesting of these options is structured to occur equally over a period of 4 years, with 25% vesting each year. Following each vesting date, employees will have an exercise period of 3 months to act on their vested options.
Meeting Details
The meeting during which this decision was made commenced at 11:30 a.m. and concluded at 02:10 p.m. on October 21, 2026.
Source: BSE
