HDFC Bank grants 1.3M employee stock options

Q: When do HDB's options vest, and when must they be exercised?

The options vest in four stages. Each vested option must be exercised within four years from its respective vesting date; otherwise, it lapses.

Each option converts into one equity share upon vesting and exercise; vested options lapse if not exercised within four years of vesting.

Filing Impact

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Filing Sentiment

(Neutral)How Sentiment works

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Form Type

6-K

Rhea-AI Filing Summary

HDFC Bank (HDB), through its Governance, Nomination and Remuneration Committee, granted 1,302,379 equity stock options on October 24, 2026, under Employees’ Stock Option Scheme – Plan H-2024 (ESOS 065). Each option has a grant price of Rs. 692.80 and is convertible into one equity share upon vesting and exercise.

Vesting will occur in four stages. Each vested option must be exercised within four years from its respective vesting date; options not exercised within that period lapse.

Key Figures

Options granted: 1,302,379 options Grant price: Rs. 692.80 per option Shares per option: 1 equity share +2 more

5 metrics

Options granted 1,302,379 options Granted October 24, 2026, under ESOS – Plan H-2024 (ESOS 065)

Grant price Rs. 692.80 per option Options granted October 24, 2026

Shares per option 1 equity share Convertible upon vesting and exercise

Vesting stages 4 stages Under ESOS – Plan H-2024 (ESOS 065)

Exercise period 4 years From each option's respective vesting date

Key Terms

vesting, grant price, Employees’ Stock Option Scheme

3 terms

vesting financial

"Vesting of the options shall happen in 4 stages"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

grant price financial

"at the grant price of Rs. 692.80"

Employees’ Stock Option Scheme financial

"Employees’ Stock Option Scheme (ESOS) – Plan H-2024"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When do HDB's options vest, and when must they be exercised?

The options vest in four stages. Each vested option must be exercised within four years from its respective vesting date; otherwise, it lapses.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

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Available on EDGAR 10/26/2026 - 06:50 AM EDT Accepted by SEC EDGAR 10/26/2026 - 06:49 AM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

under the Securities Exchange Act of 1934

For the month of October, 2026

Commission File Number 001-15216

HDFC BANK LIMITED

(Translation of registrant’s name into English)

HDFC Bank House, Senapati Bapat Marg,

Lower Parel, Mumbai. 400 013, India

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


	HDFC BANK LIMITED
	(Registrant)
Date: October 24, 2026
	By:	/s/ Ajay Agarwal
	Name:	Ajay Agarwal
	Title:	Company Secretary Group Head – Secretarial & Group Oversight

EXHIBIT INDEX

The following documents (bearing the exhibit number listed below) are furnished herewith and are made a part of this report pursuant to the General Instructions for Form 6-K.

Exhibit No. 99

Description

Disclosure

Exhibit 99

October 24, 2026

New York Stock Exchange

11, Wall Street,

New York,

NY 10005

USA

Dear Sir,

Sub: Disclosure

We wish to inform you that today, i.e. on October 24, 2026, the Governance, Nomination and Remuneration Committee (GNRC) of the Bank, has granted 13,02,379 equity stock options of the face value of Re. 1/- (“options”) each at the grant price of Rs. 692.80 (Rupees Six Hundred Ninety-Two and Eighty Paise only) convertible into one equity share each of the Bank upon vesting and exercise in terms of the under Employees’ Stock Option Scheme ESOS – Plan H-2024 (ESOS 065).

Vesting of the options shall happen in 4 stages as under:

•

25% rounded off to the nearest 100 on completion of twelve months from the grant date

•

25% rounded off to the nearest 100 on completion of twenty-four months from the grant date

•

25% rounded off to the nearest 100 on completion of thirty-six months from the grant date

•

Balance on completion of forty-eight months from the grant date

The vested options need to be exercised within a period of 4 years from the respective dates of their vesting, failing which, they shall lapse forthwith. The options have been granted under the Scheme titled Employees’ Stock Option Scheme (ESOS) – Plan H-2024 (ESOS 065) in terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 as amended from time to time.

This is for your information and appropriate dissemination.

Yours faithfully,

For HDFC Bank Limited

Sd/-

Ajay Agarwal

Company Secretary

Group Head – Secretarial & Group Oversight

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

1 document

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EX-99 EX-99 5.9 KB