HDFC Bank Grants Over 7 Crore Stock Options and RSUs Under ESOS and ESIS Schemes

HDFC Bank Limited announced that its Governance, Nomination and Remuneration Committee (GNRC) has granted a significant number of stock options and restricted stock units (RSUs) on September 6, 2026. Under the Employees’ Stock Option Scheme (ESOS – Plan H -2024), the bank granted 5,86,95,020 options under ESOS 063 and 2,90,430 options under ESOS 064, both at a grant price of ₹712.10 per option. These options vest over four stages: 15% after 12 months, 20% after 24 months, 25% after 36 months, and the remainder after 48 months from the grant date. Vested options must be exercised within four years of vesting.

Additionally, the bank granted 1,53,73,400 RSUs under the Employees’ Stock Incentive Master Scheme – 2022 (RSU 018), with a grant price of ₹1 per unit. These RSUs vest in four stages: 15% after 12 months, 20% after 24 months, 25% after 36 months, and the balance after 48 months. Vested units must be exercised within one year of vesting.

Further grants include 65,287 RSUs under RSU 019 and 12,80,130 RSUs under RSU 020, both from the Employees’ Stock Incentive Master Scheme – 2022. The RSU 019 grants vest 100% after 12 months, with exercise required within one year. The RSU 020 grants vest in three stages: 30% after 12 months, 30% after 24 months, and the balance after 36 months, with exercise required within one year of vesting.