Equitas SFB grants 3 lakh stock options under ESOP scheme
EQUITASBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Equitas Small Finance Bank's Nomination and Remuneration Committee approved grant of 3,00,000 stock options to an eligible employee under the ESFB ESOP Scheme 2019 at an exercise price of Rs 77.08 per share. Each option converts to one equity share of Rs 10 face value. Options vest over four years (25 percent annually from June 2027 to June 2030), with 50 percent linked to service continuity and 50 percent to performance. Exercise window is three years from each vesting date. The scheme complies with SEBI SBEB regulations.
Minor dilution of about 3 lakh shares over four years; routine ESOP grant at market price with no immediate impact on shareholders.