SBI Card has announced the vesting of 187,164 employee stock options on October 18, 2026. This includes 103,615 Restricted Share Units and 83,549 Performance Share Units. The vesting is in accordance with the SBI Card Employee Stock Option Plan 2023 (ESOP Plan 2023). This event will be reflected in the company’s share capital structure.
Employee Stock Option Vesting Announced
SBI Card and Payment Services Limited has disclosed the vesting of a significant number of employee stock options. On October 18, 2026, a total of 187,164 units were vested. These units are categorized as 103,615 Restricted Share Units and 83,549 Performance Share Units. This action is a direct consequence of the company’s Employee Stock Option Plan 2023, referred to as the ESOP Plan 2023.
Impact on Share Capital
The vesting of these stock options has implications for the company’s outstanding share count. As per the terms of the ESOP Plan 2023, these vested options represent an increase in the potential equity available to employees. The company has made this information publicly available on its website and has requested stakeholders to take note of this development.
Source: BSE
