Infosys grants Rs 3.25 cr stock incentives to CEO Parekh

The company has offered incentive to the CEO in the form of Restricted Stock Units (RSUs) which will have a three-year equal vesting schedule.

UB Pravin Rao, COO has been granted 58,650 RSUs, the company said in a regulatory filing on Wednesday.

Further, as per the plan five key management personnels (KMP) will receive 3,53,270 RSUs, with one KMP getting RSUs valued Rs 1.75 crore with a vesting period of four years.

The filing said 371 eligible employees have been granted 1,487,150 RSUs under the scheme. These shares will also have a four-year equal vesting period.

Further, under the Expanded Stock Ownership Program 2019, six key management professionals will receive 1,69,000 performance stock units (PSU) and Aaround 411 eligible employees will get 17,76,500 PSUs, with a vesting period of three years.

These performance stock units will be subject to the company’s achievement of performance parameters each year as defined in the Expanded Stock Ownership Program 2019.