IT giant Infosys has approved stock incentives valued at ₹51.75 crore for its Chief Operating Officer and Managing Director, Salil Parekh, according to a regulatory filing made by the company.
In a statement released on Thursday, the board indicated that the annual grants for Parekh were approved following recommendations from the Nomination and Remuneration Committee, in accordance with the employment contract ratified by shareholders. These grants form part of Parekh’s performance-linked annual compensation.
The performance-based stock incentives, termed Annual Performance Equity Grant, will be issued as Restricted Stock Units (RSUs) that cover the company’s equity shares, with a total market value of ₹34.75 crore. Additionally, the incentives will include an ESG (Environmental, Social, and Governance)-based annual performance equity award valued at ₹2 crore, which aims to address specific ESG targets.
Parekh is also set to receive approximately ₹15 crore in performance-based shares. This sum will consist of a ₹5 crore RSU grant that will vest on or after March 31, 2027, contingent upon meeting cumulative relative Total Shareholder Return over two years, and a ₹10 crore RSU grant which will vest after 12 months, contingent on achieving certain performance targets.
The overall value of these grants is approximately ₹51.75 crore, with vesting scheduled over a period of one to two years, dependent on performance milestones defined by the board.
The Restricted Stock Units (RSUs) will be granted to the CEO on May 2, with the number of RSUs calculated based on the market price at the end of trading that day.
For context, Infosys reported a net profit of ₹8,501 crore for the fourth quarter of FY26, marking a 27.8% increase quarter-on-quarter, while revenue grew 2% sequentially to ₹46,402 crore. For FY27, the company has projected revenue growth of 1.5-3.5% in constant currency terms.
Filed by BL intern Adithya Lalgudi
Published on April 24, 2026
