Infosys CEO Salil Parekh To Get ESOPs Worth Rs 52 Crore
The board also approved a grant of 5,000 restricted stock units to eligible employees under the 2015 ESOP Plan on May 2.
Infosys Ltd. has granted employee stock options worth Rs 51.75 crore to Chief Executive Officer and Managing Director Salil Parekh. The grant of annual performance-based stock incentives based on equity, ESG and TSR comes in the form of restricted stock units.
Under the regular equity grant, Parekh will get shares having a market value of Rs 34.75 crore under the 2015 Stock Incentive Compensation Plan, which shall vest 12 months from the date of grant subject to achievement of performance targets as determined by the board. He will also get shares worth Rs 10 crore under the Infosys Expanded Stock Ownership Program-201, according to an exchange filing on Thursday.
Additionally, the CEO will receive equity environmental, social and governance factors grant worth Rs 2 crore and equity TSR grant of Rs 5 crore. Total shareholder return is a measure of financial performance, indicating the total amount an investor reaps from stock investment.
The RSUs will be granted to Salil Parekh on May 2, 2025, and the number of RSUs will be calculated based on the market price at the close of trading on that day.
The board also approved a grant of 5,000 RSUs to eligible employees under the 2015 ESOP Plan on May 2. The RSUs would vest equally over four years and the exercise price will be equal to the par value of the share, the company said.
Dividend
Besides, Infosys declared a final dividend of Rs 22 per share for the financial year ended March 31, 2025. The record date to determine the shareholders eligible for the dividend payment has been fixed as May 30. The amount will be paid to the eligible shareholders on June 30, it added.
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Q4 Results
The company reported a 3% sequential increase in net profit, reaching Rs 7,033 crore for the quarter ended March 31, 2025, surpassing the forecast of Rs 6,697 crore of analysts tracked by Bloomberg.
However, revenue dropped by 2% compared to the previous quarter, totaling Rs 40,925 crore for the March quarter. This was lower than the Rs 42,126 crore predicted by analysts monitored by Bloomberg.
