ICICI Bank (NYSE: IBN) awards 125,600 stock options to its CFO

Rhea-AI Filing Summary

ICICI Bank Ltd reported that Group Chief Financial Officer Anindya Banerjee received a grant of 125,600 stock options on April 17, 2026. The options relate to equity shares with par value Rs. 2 per share and have an exercise price of $14.48, translated from Rupees using an exchange rate of INR92.90 to US$1.00.

The grant vests in three tranches: 37,680 options on April 17, 2027 expiring April 16, 2032, 37,680 options on April 17, 2028 expiring April 16, 2033, and 50,240 options on April 17, 2029 expiring April 16, 2034. This is a compensation-related award; it does not reflect open-market buying or selling of shares.

Insights

Equity compensation analyst

CFO receives 125,600 stock options as routine compensation, with no market buy or sell.

ICICI Bank Ltd granted Group CFO Anindya Banerjee 125,600 stock options at an exercise price of $14.48 per share, translated from Rupees using an exchange rate of INR92.90 to US$1.00. These options are tied to equity shares with par value Rs. 2.

The award vests over three years, with tranches vesting on April 17, 2027, April 17, 2028, and April 17, 2029, and expirations running through April 16, 2034. Because this is a grant (code A) rather than an open-market trade, it primarily reflects executive compensation structure rather than a directional view on the stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Banerjee Anindya

Role Group Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Stock Option (Right to Buy)	125,600	$14.48	$1.82M

Holdings After Transaction: Stock Option (Right to Buy) — 125,600 shares (Direct, null)

Footnotes (1)

1. The exercise prices of the stock options are denominated in Rupee and translated for convenience only into USD at the rate of INR92.90 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on April 17, 2026. A total of 125,600 stock options granted on April 17, 2026 and vesting in three tranches: (i) 37,680 vesting on April 17, 2027 and expiring on April 16, 2032, (ii) 37,680 vesting on April 17, 2028 and expiring on April 16, 2033 and (iii) 50,240 vesting on April 17, 2029 and expiring on April 16, 2034.

Key Figures

Stock options granted: 125,600 options Exercise price: $14.48 per share FX rate used: INR92.90 = US$1.00 +4 more

7 metrics

Stock options granted 125,600 options Grant to Group CFO on April 17, 2026

Exercise price $14.48 per share Option strike price translated from Rupees

FX rate used INR92.90 = US$1.00 Rate from H.10 release on April 17, 2026

First vesting tranche 37,680 options Vest April 17, 2027; expire April 16, 2032

Second vesting tranche 37,680 options Vest April 17, 2028; expire April 16, 2033

Third vesting tranche 50,240 options Vest April 17, 2029; expire April 16, 2034

Options held after grant 125,600 options Total derivative position following this transaction

Key Terms

Stock Option (Right to Buy), exercise price, vesting, par value, +1 more

5 terms

Stock Option (Right to Buy) financial

"security_title: "Stock Option (Right to Buy)""

exercise price financial

"The exercise prices of the stock options are denominated in Rupee"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vesting financial

"A total of 125,600 stock options granted on April 17, 2026 and vesting in three tranches"

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.

par value financial

"Equity Shares, par value Rs. 2 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

expiration date financial

"vesting on April 17, 2027 and expiring on April 16, 2032"

The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Banerjee Anindya

(Last) (First) (Middle)

ICICI BANK TOWERS

BANDRA-KURLA COMPLEX

(Street)

MUMBAI K7 400051

(City) (State) (Zip)

INDIA

(Country)

2. Issuer Name and Ticker or Trading Symbol
ICICI BANK LTD [ IBN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Group Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)
05/08/2026

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$14.48(1)	04/17/2026		A		125,600		(2)	(2)	Equity Shares, par value Rs. 2 per share	125,600	$14.48(1)	125,600(2)	D

Explanation of Responses:

1. The exercise prices of the stock options are denominated in Rupee and translated for convenience only into USD at the rate of INR92.90 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on April 17, 2026.

2. A total of 125,600 stock options granted on April 17, 2026 and vesting in three tranches: (i) 37,680 vesting on April 17, 2027 and expiring on April 16, 2032, (ii) 37,680 vesting on April 17, 2028 and expiring on April 16, 2033 and (iii) 50,240 vesting on April 17, 2029 and expiring on April 16, 2034.

	/s/ Vivek Ranjan, as Attorney-in-fact	05/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did ICICI Bank (IBN) report for CFO Anindya Banerjee?

ICICI Bank reported a grant of 125,600 stock options to Group CFO Anindya Banerjee on April 17, 2026. These options are compensation-related, giving him the right to buy equity shares at a fixed exercise price in future years.

How many stock options were granted to ICICI Bank CFO and at what exercise price?

The CFO received 125,600 stock options with an exercise price of $14.48 per share. That dollar price is translated from Rupees using an exchange rate of INR92.90 to US$1.00, as noted in the filing footnote.

What is the vesting schedule for the ICICI Bank CFO’s 125,600 stock options?

The 125,600 options vest in three tranches: 37,680 on April 17, 2027, 37,680 on April 17, 2028, and 50,240 on April 17, 2029. Each tranche has a corresponding option expiration date between 2032 and 2034.

Does this ICICI Bank Form 4/A show the CFO buying or selling shares on the market?

No, the filing shows a grant of stock options coded as an acquisition (A), not an open-market purchase or sale. It reflects an award of rights to buy shares later, rather than immediate trading activity in ICICI Bank stock.

What underlying security do the ICICI Bank CFO’s options relate to?

The reported options relate to equity shares with par value Rs. 2 per share. Each option represents a right to buy one such underlying share at the stated exercise price when vested and exercisable, subject to the specified vesting and expiration schedule.