RBL Bank Grants Stock Options to Employees as Part of ESOP 2013 and ESOP 2018
RBL Bank Limited has announced the approval of a grant of stock options for its eligible employees under two existing employee share option plans. The decision was made by the Nomination and Remuneration Committee during a meeting held on June 05, 2026.The committee approved the granting of 1,59,000 stock options. These options are convertible into 1,59,000 equity shares of Rs. 10/- each. The grant was made under the Employee Stock Option Plan 2013 (ESOP 2013) and the Employee Stock Option Plan 2018 (ESOP 2018).
The Exercise Price for these options is set at Rs. 353.75 per option, which was determined based on the closing price of the bank's shares on June 04, 2026.
Key details regarding the granted stock options are summarized below:
| Feature | Details |
|---|---|
| Options Granted | 1,59,000 |
| Conversion Value | Equity Shares of Rs. 10/- each |
| Exercise Price per Option | Rs. 353.75 |
| Plans Covered | ESOP 2013 and ESOP 2018 |
Vesting and Exercise Timeline
The granted options are subject to a multi-year vesting schedule, with the performance determined by milestones at the end of the first, second, and third year.The vesting percentages are structured as follows:
- First Year: 30%
- Second Year: 30%
- Third Year: 40%
Eligible employees will be granted these options under the approved ESOPs. The options must be exercised within a period of five years from the date of vesting, subject to the terms and conditions outlined in ESOP 2013 and ESOP 2018.
RBLBANK Stock Price Movement
Shares of RBL Bank Limited slipped by 0.65% to settle at ₹351.35 today, reflecting a slight pullback after the market closed. The equity trading on 4.04 million shares continues to command impressive strength, having recently touched a 52-week high of ₹356.8.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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