Infosys CEO sells shares, exercises equity grants
Rhea-AI Filing Summary
Infosys Ltd CEO & Managing Director Salil S. Parekh reported both share sales and option exercises. He sold 95,800 Indian Equity Shares in an open‑market transaction at an average price of INR 1,177.86 per share. Earlier, he exercised performance-based equity grants under the 2015 Plan, acquiring a total of 243,894 Indian Equity Shares at an exercise price of INR 5.00 per share. The derivative awards labeled “Performance Equity Grant (ESG Metrics) - 2015 Plan” and “Annual Performance Equity Grant - 2015 Plan” were fully exercised, leaving no remaining balance from those specific grants. Following these transactions, he directly holds 1,572,697 Indian Equity Shares, and the filing notes that prices are in Indian Rupees and include previously reported restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Parekh Salil S.
Role
CEO & Managing Director
Sold
95,800 shs ($112.84M)
Approx. gross sale proceeds
$112.84M
Approx. exercise cost
$1.22M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Indian Equity Shares | 95,800 | $1,177.86 | $112.84M |
| Exercise | Annual Performance Equity Grant - 2015 Plan | 230,621 | $0.00 | $0.00 |
| Exercise | Performance Equity Grant (ESG Metrics) - 2015 Plan | 13,273 | $0.00 | $0.00 |
| Exercise | Indian Equity Shares | 230,621 | $5.00 | $1.15M |
| Exercise | Indian Equity Shares | 13,273 | $5.00 | $66K |
Holdings After Transaction:
Annual Performance Equity Grant - 2015 Plan — 0 shares (Direct);
Performance Equity Grant (ESG Metrics) - 2015 Plan — 0 shares (Direct);
Indian Equity Shares — 1,572,697 shares (Direct)
Footnotes (3)
- F1. The price is Indian Rupee (INR).
- F2. Includes previously reported Equity Share Restricted Stock Units.
- F3. Disposed pursuant to cashless exercise of vested units.
Key Figures
Shares sold: 95,800 shares
Sale price: INR 1,177.86/share
Shares exercised: 243,894 shares
+5 more
8 metrics
Shares sold
95,800 shares
Indian Equity Shares sold in open market
Sale price
INR 1,177.86/share
Average price for non-derivative sale
Shares exercised
243,894 shares
Indian Equity Shares from 2015 Plan exercises
Exercise price
INR 5.00/share
Conversion or exercise price for grants
Post-transaction holdings
1,572,697 shares
Directly held Indian Equity Shares after transactions
Exercise count
2 exercises
Derivative exercises reported in transaction summary
Net buy/sell shares
-95,800 shares
Net sell direction from transaction summary
Derivative awards remaining
0 from these grants
Total shares following transaction for both derivative grants
Key Terms
Performance Equity Grant (ESG Metrics) - 2015 Plan, Annual Performance Equity Grant - 2015 Plan, cashless exercise, Restricted Stock Units, +1 more
5 terms
Performance Equity Grant (ESG Metrics) - 2015 Plan financial
"Security title listed as "Performance Equity Grant (ESG Metrics) - 2015 Plan""
Annual Performance Equity Grant - 2015 Plan financial
"Security title listed as "Annual Performance Equity Grant - 2015 Plan""
cashless exercise financial
"Footnote states "Disposed pursuant to cashless exercise of vested units.""
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
Restricted Stock Units financial
"Footnote notes "Includes previously reported Equity Share Restricted Stock Units.""
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"Transaction code description: "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did Infosys (INFY) CEO Salil Parekh report?
Salil Parekh reported one sale and multiple option exercises. He sold 95,800 Indian Equity Shares and exercised performance equity grants converting into 243,894 Indian Equity Shares, all under Infosys’ 2015 equity plans and reported as direct ownership changes.
What equity awards did Infosys (INFY) CEO exercise in this Form 4?
He exercised performance equity grants from the 2015 Plan. These included 13,273 shares from a Performance Equity Grant (ESG Metrics) and 230,621 shares from an Annual Performance Equity Grant, both converted into Indian Equity Shares at an exercise price of INR 5.00.
Are the prices in the Infosys (INFY) CEO Form 4 in rupees or dollars?
The prices in this Form 4 are in Indian Rupees (INR). A footnote explicitly states that the reported transaction prices, including the INR 1,177.86 sale price and INR 5.00 exercise price, are denominated in Indian Rupees.
What does cashless exercise mean in the Infosys (INFY) CEO transactions?
The filing notes units were disposed pursuant to cashless exercise. A footnote explains some vested units were disposed through cashless exercise, meaning shares were used to cover the exercise cost rather than paying cash directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
