Kotak Mahindra Bank Grants 4,600 Performance Linked Restricted Stock Units
Kotak Mahindra Bank Limited announced on December 18, 2025, that its Nomination and Remuneration Committee has granted 4,600 Performance Linked Restricted Stock Units (PRSUs) under the Kotak Mahindra ...
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Why is Kotak Mahindra Bank Limited in the news today?
Kotak Mahindra Bank Limited (KOTAKBANK) is in the news due to the grant of stock units is a routine employee compensation mechanism and does not inherently imply a positive or negative financial impact on the bank.
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Kotak Mahindra Bank Grants 4,600 Performance Linked Restricted Stock Units
December 18, 2025, 09:00 AM
Kotak Mahindra Bank Limited announced on December 18, 2025, that its Nomination and Remuneration Committee has granted 4,600 Performance Linked Restricted Stock Units (PRSUs) under the Kotak Mahindra Performance Linked Restricted Stock Unit Scheme, 2025. These PRSUs are intended for eligible employees. The grants are structured with a 25% vesting percentage for each tranche, with vesting dates spread across May 31, 2027, May 31, 2028, May 31, 2029, and May 31, 2030. The exercise period for these PRSUs is one year from their respective vesting dates. Each PRSU entitles the grantee to one equity share of face value ₹5, subject to the scheme's provisions and the fulfillment of performance-related conditions as stipulated by the Nomination and Remuneration Committee.
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