Grant of Stock options under CUB ESOS Scheme to MD & CEO and Executive Director
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City Union Bank's Nomination and Remuneration Committee approved the grant of Employee Stock Options under the CUB ESOS 2017 Scheme (Part B) to its MD & CEO Dr. N. Kamakodi and Executive Director Shri R. Vijay Anandh. The stock options form the non-cash component of their Variable Pay for FY 2025, with a total value of up to Rs. 1.29 crore for the MD & CEO and Rs. 79.50 lakh for the Executive Director. The grant has been approved by the Reserve Bank of India, and the securities to be issued are equity shares. The intimation was filed with both NSE and BSE on February 27, 2026.
This is a routine compensation-related disclosure and aligns the interests of top management with shareholders by tying variable pay to the bank's equity performance. It is unlikely to have a material impact on the stock price as the amount involved is small relative to the bank's size.