Infosys (NYSE: INFY) CEO discloses 1,424,603-share equity holding
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Infosys Ltd Chief Executive Officer and Managing Director Salil S. Parekh has reported holdings of 1,424,603 Indian Equity Shares of Infosys Ltd in this initial ownership filing. This total includes 34,970 shares represented by Restricted Stock Units (RSUs), each RSU convertible into one Indian Equity Share subject to vesting and continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Parekh Salil S.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Indian Equity Shares | -- | -- | -- |
Holdings After Transaction:
Indian Equity Shares — 1,424,603 shares (Direct)
Footnotes (1)
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Key Figures
Direct equity holdings: 1,424,603 Indian Equity Shares
RSU-represented shares: 34,970 shares via RSUs
Reporting role: Chief Executive Officer & Managing Director
3 metrics
Direct equity holdings
1,424,603 Indian Equity Shares
Total shares reported as held by CEO Salil S. Parekh
RSU-represented shares
34,970 shares via RSUs
Each RSU represents right to one Indian Equity Share
Reporting role
Chief Executive Officer & Managing Director
Executive positions held by reporting person at Infosys Ltd
Key Terms
Indian Equity Shares, Restricted Stock Units ("RSUs"), vesting schedule, Service Provider
4 terms
Restricted Stock Units ("RSUs") financial
"34,970 shares are represented by Equity Share Restricted Stock Units ("RSUs")"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
vesting schedule financial
"subject to the applicable vesting schedule and the Reporting Person continuing to be a Service Provider"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
Service Provider financial
"the Reporting Person continuing to be a Service Provider through each applicable vesting date"
FAQ
What insider position does Infosys (INFY) CEO Salil Parekh report on this Form 3?
Salil S. Parekh, CEO and Managing Director of Infosys Ltd, reports direct ownership of 1,424,603 Indian Equity Shares. This filing is an initial ownership report, not a new buy or sell transaction, and reflects his existing equity stake.
What is the total direct equity stake of the Infosys (INFY) CEO reported here?
The filing reports that Salil S. Parekh directly holds 1,424,603 Indian Equity Shares. This figure includes shares represented by RSUs and provides investors with a snapshot of his equity exposure as a senior executive of Infosys Ltd.
What conditions apply to the Infosys (INFY) RSUs held by the CEO?
Each RSU represents the right to receive one Indian Equity Share, subject to the applicable vesting schedule. The RSUs require that Salil Parekh continue as a Service Provider through each vesting date before the underlying shares are delivered.