IndusInd Bank grants 55,106 stock options to one employee
INDUSINDBK · price
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With RBI approval, IndusInd Bank granted 55,106 stock options to one eligible employee at Rs 904.80 per share. The options vest over three years in yearly portions of 33%, 33% and 34%, and can be exercised within five years after each portion vests.
If exercised, the options add 55,106 shares and slightly reduce existing shareholders' ownership. The small grant is unlikely to materially affect the stock.