Daijiworld Media Network - Bengaluru

Bengaluru, Apr 25: IT services major Infosys has approved performance-based stock incentives worth Rs 51.75 crore for its Chief Executive Officer and Managing Director Salil Parekh.

According to a filing with the BSE, Parekh will receive annual performance-based stock incentives in the form of Restricted Stock Units (RSUs) valued at Rs 34.75 crore under the company’s 2015 Stock Incentive Compensation Plan. These grants will vest after 12 months, subject to the achievement of performance targets set by the board.

In addition, he will be granted an Annual Performance Equity ESG Grant worth Rs 2 crore and an Annual Performance Equity TSR Grant valued at Rs 5 crore. He will also receive a 2019 Annual Performance Equity Grant worth Rs 10 crore.

The RSUs will be granted with effect from May 2, 2026, and their number will be determined based on the market price at the close of the trading day preceding the grant date, the company said.

The board also approved the grant of 27,193 RSUs to eligible employees under the 2015 plan. Further, performance-based stock incentives (PSUs) worth Rs 1.90 crore will be granted to employees under the 2019 plan, with the number of units to be calculated similarly based on market price.

Meanwhile, shares of Infosys declined sharply on Friday, falling 7.09 per cent to close at Rs 1,154.45 on the BSE. The company’s market valuation dropped by Rs 35,746.38 crore to Rs 4,68,201.44 crore.

The decline followed weaker-than-expected revenue growth guidance for FY27. A report by JM Financial Institutional Securities Limited noted that Infosys’ fourth-quarter FY26 revenue and margins came in below market expectations.