ICICI Bank (IBN) CFO Anindya Banerjee receives grant of 125,600 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ICICI Bank Group Chief Financial Officer Anindya Banerjee received a grant of 125,600 stock options relating to equity shares with par value Rs. 2 per share. The options have an exercise price of $14.18 per share, translated from Rupees using an INR94.90 to US$1.00 exchange rate.
The grant was awarded on April 17, 2026 and vests in three tranches: 37,680 options on April 17, 2027, another 37,680 on April 17, 2028, and 50,240 on April 17, 2029, with expirations in 2032, 2033, and 2034 respectively. After this award, Banerjee holds 125,600 stock options directly.
Positive
- None.
Negative
- None.
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 | $14.18 | $1.78M |
Holdings After Transaction:
Stock Option (Right to Buy) — 125,600 shares (Direct, null)
Footnotes (1)
- The exercise prices of the stock options are denominated in Rupee and translated for convenience only into USD at the rate of INR94.90 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board on May 1, 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: $14.18 per share
FX rate used: INR94.90 = US$1.00
+4 more
7 metrics
Stock options granted
125,600 options
Grant to Group CFO Anindya Banerjee
Exercise price
$14.18 per share
Translated from Rupee-denominated strike
FX rate used
INR94.90 = US$1.00
Federal Reserve H.10 release on May 1, 2026
First vesting tranche
37,680 options
Vesting on April 17, 2027; expiring April 16, 2032
Second vesting tranche
37,680 options
Vesting on April 17, 2028; expiring April 16, 2033
Third vesting tranche
50,240 options
Vesting on April 17, 2029; expiring April 16, 2034
Options held after grant
125,600 options
Total derivative holdings following this transaction
Key Terms
Stock Option (Right to Buy), exercise prices, vesting, H.10 statistical release, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title is listed as "Stock Option (Right to Buy)" for the transaction"
exercise prices financial
"The exercise prices of the stock options are denominated in Rupee and translated for convenience"
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.
H.10 statistical release financial
"the exchange rate set forth in the H.10 statistical release of the Federal Reserve Board"
The H.10 statistical release is a regularly published table of key interest rates — such as short-term Treasury yields, commercial paper, and interbank borrowing costs — compiled by the central bank. It gives a snapshot of borrowing and lending rates across different maturities, which investors use like a weather report for the credit markets: changes can alter borrowing costs, bond prices, and expected returns, so it helps assess market conditions and value assets.
par value financial
"underlying security described as 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.
FAQ
What did ICICI Bank (IBN) disclose about Anindya Banerjee in this Form 4?
ICICI Bank reported that Group Chief Financial Officer Anindya Banerjee received a grant of 125,600 stock options. These options relate to equity shares with par value Rs. 2 each and represent a compensation award rather than an open-market stock purchase or sale.
What is the exercise price of Anindya Banerjee’s ICICI Bank (IBN) stock options?
The granted stock options carry an exercise price of $14.18 per share. This price is translated from a Rupee-denominated strike using an INR94.90 to US$1.00 exchange rate, based on the Federal Reserve Board’s H.10 statistical release dated May 1, 2026.
How many ICICI Bank (IBN) stock options were granted to Anindya Banerjee?
Anindya Banerjee received a grant of 125,600 stock options. Each option represents the right to buy one ICICI Bank equity share with par value Rs. 2, subject to vesting over time and future exercise at the stated price if conditions are met.
What is the vesting schedule for Anindya Banerjee’s ICICI Bank (IBN) option grant?
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 later expiration date, ranging from April 16, 2032 to April 16, 2034.
When do Anindya Banerjee’s ICICI Bank (IBN) options expire after vesting?
The options expire in stages after vesting: the first 37,680 options expire on April 16, 2032, the next 37,680 on April 16, 2033, and the final 50,240 on April 16, 2034. After these dates, unexercised options from each tranche lapse.
Is this ICICI Bank (IBN) Form 4 transaction an open-market buy or sell?
No. The Form 4 records a grant or award acquisition of stock options, coded as transaction type “A.” It reflects compensation granted by the company, not an open-market purchase or sale of ICICI Bank shares by Anindya Banerjee.