Infosys (NYSE: INFY) CFO Sanghrajka reports initial Form 3 share stakes
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Infosys Ltd Chief Financial Officer Jayesh Sanghrajka has filed an initial Form 3 disclosing his existing equity interests in the company. The filing shows direct ownership of 185,662 Indian Equity Shares. It also reports an equity share option covering 53,020 underlying Indian Equity Shares, with an exercise price of Indian Rupee (INR) 1,554.30 per share and vesting in annual tranches, each with a five-year exercise period.
In addition, 154,172 shares are represented by ADR Restricted Stock Units, each RSU corresponding to one Indian Equity Share, subject to vesting and continued service. The Form 3 records these holdings and awards but does not report any new purchases or sales of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Sanghrajka Jayesh
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Equity Share Option (right to buy) | -- | -- | -- |
| holding | Indian Equity Shares | -- | -- | -- |
Holdings After Transaction:
Equity Share Option (right to buy) — 53,020 shares (Direct);
Indian Equity Shares — 185,662 shares (Direct)
Footnotes (1)
- 154,172 shares are represented by ADR Restricted Stock Units ("RSUs"). Each RSU represents the Reporting Person's right to receive one Indian Equity Share of the Issuer, subject to the applicable vesting schedule and the Reporting Person continuing to be a Service Provider through each applicable vesting date. The shares subject to the option shall vest in tranches each year, and each vested tranche carries a five year exercise period, subject to the Reporting Person remaining in continuous service through each vesting date. The exercise price is Indian Rupee (INR) 1,554.30 per share.
FAQ
What does Infosys (INFY) CFO Jayesh Sanghrajka report in his Form 3?
He reports his existing equity interests in Infosys, including direct Indian Equity Shares, stock options, and ADR Restricted Stock Units. This Form 3 serves as an initial statement of beneficial ownership rather than a record of new share purchases or sales.
What stock options are disclosed for the Infosys (INFY) CFO in the Form 3?
The filing lists an Equity Share Option over 53,020 underlying Indian Equity Shares. These options vest in annual tranches, each vested tranche carrying a five-year exercise period, with an exercise price of INR 1,554.30 per share.
What Infosys (INFY) RSUs are held by CFO Jayesh Sanghrajka?
The Form 3 notes that 154,172 shares are represented by ADR Restricted Stock Units. Each RSU entitles him to receive one Indian Equity Share, subject to the applicable vesting schedule and his continued service as a provider to Infosys Ltd.
What is the significance of the exercise period for Infosys (INFY) CFO options?
Each vested tranche of the CFO’s option grant carries a five-year exercise period. This means that once a tranche vests, he has up to five years to exercise those options, provided he remains in continuous service through each vesting date.