BENGALURU: Expanding its stock ownership programme, Infosys has given restricted stock units (RSUs) worth Rs 3.25 crore to CEO Salil Parekh with a three-year vesting schedule under the 2015 Incentive Compensation Plan. COO UB Pravin Rao has been granted 58,650 RSUs under the 2015 programme.
The 2015 Incentive Compensation Plan, formerly known as the 2011 RSU Plan, was rolled out to attract, retain and motivate critical employees and align individual performance with company’s objectives.
Five key management personnel (KMPs) were granted 353,270 RSUs, while one KMP was granted RSUs valued at Rs 1.75 crore with a vesting schedule of four years. Six KMPs were also given performance stock units (PSUs) of a total of 169,000 under the 2019 Expanded Stock Ownership Program. About 371 employees qualified for 1,487,150 RSUs, and 411 employees were granted 1,776,500 PSUs. The PSUs granted have a three-year vesting schedule and will be subject to the company’s achievement of performance parameters each year as defined in the 2019 Plan.
Last year, the company had decided to allocate 50 million shares, valued at Rs 3,700 crore, to employees based on performance and shareholder value creation. The programme links long-term employee incentives with shareholder value creation.
The 2015 Incentive Compensation Plan, formerly known as the 2011 RSU Plan, was rolled out to attract, retain and motivate critical employees and align individual performance with company’s objectives.
Five key management personnel (KMPs) were granted 353,270 RSUs, while one KMP was granted RSUs valued at Rs 1.75 crore with a vesting schedule of four years. Six KMPs were also given performance stock units (PSUs) of a total of 169,000 under the 2019 Expanded Stock Ownership Program. About 371 employees qualified for 1,487,150 RSUs, and 411 employees were granted 1,776,500 PSUs. The PSUs granted have a three-year vesting schedule and will be subject to the company’s achievement of performance parameters each year as defined in the 2019 Plan.
Last year, the company had decided to allocate 50 million shares, valued at Rs 3,700 crore, to employees based on performance and shareholder value creation. The programme links long-term employee incentives with shareholder value creation.
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