Infosys Sets Future Course with Lucrative Stock Grants for CEO Salil Parekh
IT services giant Infosys has approved stock grants for CEO Salil Parekh worth Rs 51.75 crore, alongside incentives for employees. The grants focus on performance targets and ESG milestones. Infosys reported a significant net profit rise and anticipates revenue growth in FY27, amid pending employee wage decisions.
- Country:
- India
Infosys, a leading player in IT services, has sanctioned an impressive stock grant package valued at Rs 51.75 crore for its Chief Executive Officer, Salil Parekh. According to the company's regulatory filing, Parekh has secured various Restricted Stock Units (RSUs) contingent upon meeting specific performance criteria.
The stock grants include primary and ESG-linked incentives, along with Total Shareholder Return (TSR) grants to be vested over an extended timeline. The TSR grants align with Parekh's tenure at Infosys, set to conclude in March 2027, encapsulating his leadership period since 2018.
Additionally, the company has outlined stock incentives for deserving employees, reflecting a strategic focus on performance and growth. While Infosys reported an ascent in net profits and revenues during the fiscal year, wider salary increments for employees remain undecided. CFO Jayesh Sanghrajka stated deliberations are ongoing regarding future wage adjustments.
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