Infosys details stock incentives for key managers
Infosys Limited reports stock incentives acquired by key managerial personnel under its stock option plans and provides related information under Indian and U.S. securities regulations.
Rhea-AI Filing Summary
Infosys Limited reports stock incentives acquired by key managerial personnel under its stock option plans and provides related information under Indian and U.S. securities regulations. The transactions involve securities acquired by these individuals as part of existing employee incentive arrangements.
Under Regulation 7(2) of the Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, promoters, designated persons and directors must disclose acquisitions or disposals to Infosys within 2 trading days when the value of transactions over any calendar quarter aggregates to excess of INR 10 lakhs, and Infosys must notify the National Stock Exchange and Bombay Stock Exchange within 2 trading days of receiving or becoming aware of such information. Infosys states that details of securities acquired by key managerial personnel have been disclosed to these exchanges and are also submitted under applicable SEC regulations.
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Key Figures
Key Terms
Key Managerial Personnels financial
Securities Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 regulatory
foreign private issuer regulatory
stock option plans financial
FAQ
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What disclosure threshold applies to Infosys (INFY) KMP trades under SEBI rules?
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