CSB Bank Approves Grant of 5,90,469 Stock Options Under Employee Scheme
CSB Bank Limited announced that its Nomination and Remuneration Committee (NRC), during a meeting held on May 18, 2026, approved the grant of stock options to its eligible employees under the CSB Employee Stock Option Scheme 2019.The NRC approved the grant of 5,90,469 stock options. These options are exercisable into not more than 5,90,469 equity shares of the Bank, each having a face value of Rs. 10/-, fully paid up. The designated exercise price for the options is Rs. 358.65 per equity share.
The scheme, which was previously formulated and approved by the Shareholders of the Bank under the SEBI (Share Based Employee Benefits) Regulations, 2014, continues to operate under the framework of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
A detailed look at the granted options and their vesting structure is provided below:
| Detail | Description |
|---|---|
| Total Options Granted | 5,90,469 options to eligible employees of the Bank. |
| Total Shares Covered | 5,90,469 fully paid-up equity shares of the Bank (face value of Rs.10/- each). |
| Exercise Price Per Option | Rs. 358.65 |
| Pricing Formula Basis | The latest available closing price on the National Stock Exchange of India Limited (NSE), specifically the price recorded on Friday, May 15, 2026, which was the previous trading day immediately preceding the date of approval. |
Vesting Schedule and Exercise Period
The stock options are structured with a defined vesting schedule. The grant is divided into four tranches, with each tranche vesting on specified dates:- First Tranche (25%): Will vest on May 18, 2027, marking the completion of 12 months from the grant date.
- Second Tranche (25%): Will vest on May 18, 2028, upon completion of 24 months.
- Third Tranche (25%): Will vest on May 18, 2029, marking the completion of 36 months.
- Final Tranche (Balance): Will vest on May 18, 2030, upon completion of 48 months.
Employees will have an exercise period of within 3 years from the date of vesting, provided they maintain continuing employment with the Bank. Any exercise period following separation will adhere to the terms set out in the Scheme.
The meeting of the Nomination and Remuneration Committee commenced at 9:30 a.m. and concluded at 10:05 a.m. on May 18, 2026.
CSBBANK Stock Price Movement
As of 11:55 AM, shares of CSB Bank Limited are shedding 2.13% in live trading, currently priced at ₹351. The stock has experienced significant movement today, with 225,984 shares traded in volume so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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