Infosys Offers Stock Options To Nearly 7,000 Mid-Level Employees
Software gaint Infosys has announced stock incentive option to its mid-level 6,949 eligible employees in the form of restricted stock units (RSU) under the 2015 compensation plan.
"This is to inform that 2,298,020 stock incentives in the form of RSUs were granted to 6,949 mid-level eligible employees of the company/subsidiary companies under the 2015 Stock Incentive Compensation Plan," the IT major said in a filing to the Bombay Stock Exchange on October 24, 2019.
The date of grant for stock incentives is November 1, 2019, in line with the company's compensation calendar timelines.
As per the company, these RSUs will generally vest in four equal instalments and the exercise price will be par value of shares of ₹5 face value.
In May, Infosys' board had approved performance-based stock ownership programme for the employees. As much as five crore shares were allocated to incentivise the workforce.
Last month, the software major was ranked three on Forbes list of The World's Best Regarded Companies for 2019 which track each of top 250 companies on the basis of trustworthiness, honesty, social conduct, fairness to its employees and the performance of its products and services.