CSB Bank has approved the grant of 5,90,469 stock options to eligible employees under its Employee Stock Option Scheme 2019. The options are exercisable into an equivalent number of equity shares, each with a face value of ₹10, at an exercise price of ₹358.65 per share.
The scheme, formulated in accordance with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, was approved by the bank’s shareholders. The exercise price was set at the latest available closing price on the National Stock Exchange of India, which recorded the highest trading volumes for the bank’s equity shares on 15 May 2026.
The vesting schedule for the options is structured in four tranches. The first 25% of the options will vest after 12 months, on 18 May 2027. The second and third tranches, each comprising 25% of the options, will vest after 24 and 36 months, respectively, on 18 May 2028 and 18 May 2029. The remaining options will vest after 48 months, on 18 May 2030.
Employees have a three-year window to exercise their options from the vesting date, provided they continue their employment. In cases of separation, the exercise period will be determined as per the scheme’s provisions.
The meeting of the Nomination and Remuneration Committee of the Board of Directors, where the decision was made, commenced at 9:30 a.m. and concluded at 10:05 a.m. on 18 May 2026.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).