CSB Bank stock options totalling 1,77,276 were approved for the bank’s whole-time directors by its Nomination and Remuneration Committee on October 5, 2026, according to a BSE filing. The grant falls under the CSB Bank Employee Stock Option Scheme 2026 and carries an exercise price of Rs 304.75 per equity share.

The options form part of variable pay for the performance period from April 1, 2025, to March 31, 2026. The bank said the grant is in line with the Reserve Bank of India approval received on August 19, 2026.

The approved options are exercisable into no more than 1,77,276 fully paid-up equity shares, each with a face value of Rs 10. The filing discloses the aggregate grant to whole-time directors without providing individual allocations.

Pricing and four-year vesting schedule

The exercise price follows the latest available closing price on the National Stock Exchange on October 1, 2026, which the filing identifies as the trading day immediately preceding the committee’s approval. NSE recorded the highest trading volume in the bank’s equity shares on that day.

The options will vest in four annual tranches under the following schedule:

  • October 5, 2027: 25% of the options granted, rounded to the nearest 100, after 12 months.
  • October 5, 2028: 25%, rounded to the nearest 100, after 24 months.
  • October 5, 2029: 25%, rounded to the nearest 100, after 36 months.
  • October 5, 2030: The balance of the options after 48 months.

Exercise window and scheme terms

While continuing in employment or service, recipients may exercise vested options within three years of the vesting date. For separations, the applicable exercise period will follow the scheme’s provisions. All other terms also remain governed by the scheme.

CSB Bank said shareholders approved the scheme under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The bank submitted the disclosure under Regulation 30 of the SEBI listing regulations to BSE and NSE, where it is identified by scrip code 542867 and symbol CSBBANK, respectively.