Infosys Grants 511k Equity Shares to High-performing Employees as Stock Incentive.
Indian IT giant Infosys has awarded 511,862 equity shares to its top-performing employees as part of the company’s stock incentive plan. The shares are worth approximately INR 1,200 crore ($162 million). This is the largest grant of shares under Infosys’ equity-based compensation scheme in the company’s history. The company said that the shares would be granted to employees at the director level or below, based on their performance of previous year.The Company has allotted 5,11,862 equity shares on May 12, 2023, pursuant to the exercise of Restricted Stock Units by eligible employees as hereunder: 1,04,335 equity shares under the 2015 Stock Incentive Compensation Plan; 4,07,527 equity shares under the Infosys Expanded Stock Ownership Program 2019.
Infosys has been consistently rewarding its employees through its stock incentive plan. The company has been granting equity shares to its top-performing employees since 1994. Infosys has also announced that it will be expanding its stock incentive plan to include more employees, including those in senior leadership positions. The company plans to allocate up to 5% of its equity shares annually for the purpose of the stock incentive plan.
The stock incentive plan is an important tool for Infosys to retain its top-performing employees and incentivize them to work towards the company’s long-term goals. The plan aligns the interests of employees with the interests of the company, encouraging them to contribute to the company’s growth and profitability.
Infosys has been performing well in recent years, with strong revenue growth and profitability. The company has also been investing heavily in new technologies and expanding its global footprint. Infosys’ stock price has increased by over 150% in the last five years, making it one of the best-performing stocks in the Indian market. The company’s strong financial performance and growth prospects have helped it attract and retain top talent.
Re-reported from the story originally published in OneIndia
