Infosys Grants CEO Salil Parekh Stock Incentives Worth Rs 52 Crore

Infosys has approved annual stock incentive grants worth Rs 51.75 crore for Chief Executive Officer and Managing Director Salil Parekh, according to an exchange filing on Friday.

The grants, approved by the board on April 23 following recommendations from the Nomination and Remuneration Committee, will be issued as Restricted Stock Units under the company's employee stock plans. Most of the awards will vest after 12 months, subject to performance conditions set by the board and the company's plans.

The largest component is an annual performance equity grant worth Rs 34.75 crore under the 2015 Stock Incentive Compensation Plan. This will vest after 12 months if performance targets are met.

Infosys also approved an ESG-linked grant worth Rs 2 crore under the same plan. This will vest after 12 months, subject to the company meeting environmental, social and governance milestones set by the board.

A separate total shareholder return-linked grant worth Rs 5 crore was also approved under the 2015 plan. This will vest on or after March 31, 2027, depending on the company's cumulative relative TSR performance over a two-year period.

In addition, the board cleared a Rs 10 crore grant under the Infosys Expanded Stock Ownership Program 2019. This award will vest after 12 months if the company meets performance criteria set out in that plan.

Infosys said all the RSUs will be granted with effect from May 2, 2026. The final number of units will be calculated using the closing market price on the trading day immediately before the grant date.