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 grant of 590,469 stock options to eligible employees under the CSB Employee Stock Option Scheme 2019. The options can be exercised into up to 590,469 equity shares of Rs. 10 face value each at an exercise price of Rs. 358.65 per share. The vesting is staggered over 4 years with 25% of options vesting each year starting May 18, 2027, with a 3-year exercise window from each vesting date. The pricing is based on the NSE closing price from the previous trading day.
This is a routine employee compensation disclosure with minimal share dilution. It aligns employee interests with shareholders and may help retain talent but is not expected to materially impact the stock price.