Infosys board approves Esops for CEO Salil Parekh, employees

Synopsis

Infosys has approved significant equity-based compensation grants for CEO Salil Parekh and other employees, totaling Rs 51.75 crore for Parekh. These grants, including Restricted Stock Units (RSUs) and Performance Stock Units (PSUs), are linked to various performance metrics and ESG targets. The company also reported a 20.8% rise in net profit for the March 2026 quarter.

Listen to this article in summarized format

IT major Infosys has approved equity-based compensation grants for chief executive officer Salil Parekh and eligible employees under its existing stock incentive plans, according to a company statement on April 23.

Announcing the quarterly results for March 2026 on Thursday, the company said it had cleared multiple performance-linked grants for Parekh in the form of Restricted Stock Units (RSUs), with a total value of Rs 51.75 crore across different categories.

These include Rs 34.75 crore under the annual performance equity plan, Rs 2 crore linked to environmental, social, and governance (ESG) targets, Rs 5 crore tied to total shareholder return (TSR), and Rs 10 crore under the 2019 stock ownership plan.

For context, RSUs are shares granted to employees that vest over time, while PSUs are linked to the achievement of specific performance targets. TSR refers to total shareholder return, including share price gains and dividends.

All grants will be effective from May 2, with the number of shares to be calculated based on the company’s market price prior to the grant date.

Vesting is subject to performance conditions and timelines, with most grants vesting after 12 months, while the TSR-linked component will vest on or after March 31, 2027, the company said.

Separately, the company approved equity grants for employees, including 27,193 RSUs under the 2015 stock incentive plan and performance stock units (PSUs) worth Rs 1.90 crore under the 2019 plan.

Employee RSUs will vest over a period of two to three years, while PSUs will vest over two years, subject to achievement of performance targets. The exercise price for all grants has been set at the par value of the shares.

Shares of Infosys ended lower today, closing at Rs 1,231.80, down 2.9% from the previous close of Rs 1,268.60, according to exchange data.

The IT bellwether reported a 20.8% rise in consolidated net profit, at Rs 8,501 crore, in the January-March quarter of FY26. The Bengaluru-headquartered firm had posted a net profit of Rs 7,033 crore in the same period of FY25.

The company’s revenue from operations increased 13.4% to Rs 46,402 crore in Q4 FY26 compared to Rs 40,925 crore in the year-ago period.

(Catch all the Technology News News, and Latest News Updates on The Economic Times.)

...more