Bandhan Bank Limited — Others, 18-12-2024: ESOP/ESOS/ESPS

Bandhan Bank has announced a board meeting to grant 2,54,000 equity stock options under its Employee Stock Option Plan Series 1. The options are priced at Rs. 163.87 each and will vest over four years, with 25% becoming available annually. Employees will have a maximum of five years from each vesting date to exercise their options. This move is likely to enhance employee retention and align their interests with shareholders, potentially fostering a positive outlook on the bank's performance among investors.