CSB Bank Limited has informed the Exchange regarding 'Grant of Stock Options under CSB Employee Stock Option Scheme 2019'.
CSBBANK · price
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CSB Bank's Nomination & Remuneration Committee has approved the grant of 590,469 stock options to eligible employees under the CSB Employee Stock Option Scheme 2019. These options can be exercised into an equal number of equity shares with a face value of Rs. 10 each, at an exercise price of Rs. 358.65 per share. The pricing was based on NSE's closing price on May 15, 2026. Vesting occurs over 4 years: 25% each at 12, 24, and 36 months, with the remaining 25% vesting at 48 months from the grant date (May 18, 2026). Employees can exercise options within 3 years from the date of vesting.
The ESOP grant aligns employee interests with shareholders and could result in dilution of approximately 590,469 shares. The exercise price of Rs. 358.65 represents the market price on the previous trading day, indicating fair value pricing.