SBI Life has granted 8,30,000 stock options to eligible employees under the Employee Stock Option Scheme 2018 (ESOS). Each option allows allotment of one equity share at ₹10. Exercise price will be the lower of the Fair Market Value (FMV) on the grant date or the average FMV of the 15 trading days preceding the grant date. Vesting will commence one year from grant, at 30%-30%-40%.
Stock Option Grant Details
SBI Life Insurance Company has approved the grant of stock options under its Employee Stock Option Scheme 2018 (ESOS). The decision was made during a meeting of the Board Nomination and Remuneration Committee held on September 18, 2025.
Key Highlights of the ESOS Grant
- Total Options Granted: 8,30,000 options.
- Share Allotment: Each option entitles the holder to one equity share of ₹10.
- Vesting Schedule: Vesting will be in the proportion of 30%-30%-40%, beginning one year from the grant date.
- Exercise Period: Options can be exercised within 7 years from the grant date.
- Exercise Price: The exercise price is determined as the lower of two values: the Fair Market Value (FMV) on the grant date, or the average Fair Market Value over the 15 trading days immediately before the grant date.
Additional Information
The scheme aligns with the SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.
Source: BSE