SBI Life Insurance grants 8.94 lakh stock options under ESOS-2018
SBI Life Insurance's Board Nomination and Remuneration Committee approved the grant of 8,94,910 stock options to eligible employees under the ESOS-2018 scheme. Each option, upon exercise, entitles the holder to one equity share of ₹10. The options will vest in three tranches of 30%, 30%, and 40% starting one year from the grant date.
*this image is generated using AI for illustrative purposes only.
SBI Life Insurance has approved the grant of 8,94,910 stock options to eligible employees under its Employee Stock Option Scheme – 2018 (ESOS-2018). The decision was taken by the Board Nomination and Remuneration Committee during a meeting held on July 13, 2026. Each option granted will entitle the holder to one equity share of ₹10 upon exercise, aligning with the Securities and Exchange Board of India (SEBI) (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.
The exercise price for these options will be determined based on the lower of the Fair Market Value (FMV) as on the grant date or the average FMV of the 15 trading days immediately preceding the grant date. This pricing mechanism ensures the options are issued at a fair valuation relative to market conditions.
Vesting and Exercise Schedule
The granted options follow a structured vesting schedule to incentivize long-term retention. Vesting will commence one year from the date of grant and will occur in three specific proportions over time.
| Parameter | Details |
|---|---|
| Total Options Granted | 8,94,910 |
| Shares per Option | 1 equity share of ₹10 each |
| Vesting Structure | 30%-30%-40% |
| Vesting Commencement | 1 year from grant date |
| Exercise Period | Within 7 years from grant date |
The scheme is fully compliant with SEBI regulations, including Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No options have been exercised, lapsed, or varied in terms at this stage, as confirmed by the disclosure. The filing was signed by Girish Manik, Company Secretary.
Historical Stock Returns for SBI Life Insurance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.81% | +2.44% | +4.15% | -11.94% | +0.43% | +74.04% |
How will the issuance of these stock options impact SBI Life's earnings per share (EPS) upon exercise?
What is the expected employee retention rate following the implementation of the new vesting schedule?
How might this ESOS grant influence SBI Life's ability to attract top talent in the competitive insurance sector?
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