ICICI Bank (NYSE: IBN) CEO exercises stock options to acquire 220,000 shares
Rhea-AI Filing Summary
ICICI Bank Ltd Chief Executive Officer Sandeep Bakhshi exercised stock options to acquire additional shares in the company. On April 17, 2026, he exercised options covering 220,000 equity shares at an exercise price of $2.39 per share, receiving 220,000 equity shares with direct ownership.
Following this transaction, his direct holdings in equity shares stood at 220,000 shares, while his directly held stock options increased to 693,000 options. The exercised options are part of a larger grant of 913,000 stock options awarded on April 28, 2016, which vest in three tranches with expirations between April 27, 2027 and April 27, 2029. No open-market share sale was reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 220,000 shares
Net Buy
2 txns
Insider
Bakhshi Sandeep
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 220,000 | $2.39 | $526K |
| Exercise | Equity Shares, par value Rs. 2 per share | 220,000 | $2.39 | $526K |
Holdings After Transaction:
Stock Option (Right to Buy) — 693,000 shares (Direct);
Equity Shares, par value Rs. 2 per share — 220,000 shares (Direct)
Footnotes (2)
- F1. 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.
- F2. A total of 913,000 stock options granted on April 28, 2016 and vesting in three tranches: (i) 273,900 vested on April 28, 2017 and expiring on April 27, 2027, 220,000 of which have been exercised by the Reporting Person prior to expiration, (ii) 273,900 vested on April 28, 2018 and expiring on April 27, 2028 and (iii) 365,200 vested on April 28, 2019 and expiring on April 27, 2029.
Key Figures
Shares acquired via option exercise: 220,000 shares
Exercise price per share: $2.39 per share
Shares held after transaction: 220,000 shares
+3 more
6 metrics
Shares acquired via option exercise
220,000 shares
Equity shares acquired on April 17, 2026
Exercise price per share
$2.39 per share
Stock option exercise price translated from Rupees
Shares held after transaction
220,000 shares
Direct equity share ownership following exercise
Stock options held after transaction
693,000 options
Directly held stock options after reported transactions
Original option grant size
913,000 options
Grant dated April 28, 2016 with three vesting tranches
FX rate used for translation
INR92.90 per $1.00
Rate from H.10 release on April 17, 2026
Key Terms
Stock Option (Right to Buy), Exercise or conversion of derivative security, H.10 statistical release, vesting in three tranches, +1 more
5 terms
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
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.
vesting in three tranches financial
"A total of 913,000 stock options granted on April 28, 2016 and vesting in three tranches"
expiration financial
"vested on April 28, 2017 and expiring on April 27, 2027"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did ICICI Bank (IBN) CEO Sandeep Bakhshi report?
ICICI Bank CEO Sandeep Bakhshi reported exercising stock options to acquire 220,000 equity shares. The exercise converted derivative stock options into directly owned shares, increasing his direct share ownership without any reported open‑market sale in this Form 4 filing.
What does transaction code "M" mean in the ICICI Bank (IBN) Form 4?
Transaction code “M” in this Form 4 indicates an exercise or conversion of a derivative security. Here, it reflects exercising stock options to acquire 220,000 underlying equity shares, moving value from options into directly owned common equity rather than an open‑market purchase.
What is the background of the ICICI Bank (IBN) stock option grant exercised by the CEO?
The exercised options are part of a 913,000‑option grant dated April 28, 2016. This grant vests in three tranches: 273,900 options vesting in 2017, 273,900 in 2018, and 365,200 in 2019, with expirations in 2027, 2028, and 2029 respectively.