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Infosys rewards employees by allotting equity shares under two schemes; check details
Employees receive many rewards from IT companies in not just bonuses, incentives but also in the form of equity shares for their key contributions to the growth. And hence, IT giant Infosys has allotted more than 5.11 lakh equity shares to eligible employees. The allotment was done on May 12 under two employee-related schemes. The allotment of shares under these schemes is to expand employees' ownership in the company and as a reward for their performance. In its exchange filing on May 14, Infosys said, "This is to inform that the Company has allotted 5,11,862 equity shares on May 12, 2023, pursuant to the exercise of Restricted Stock Units by eligible employees." Of the total shares allotted to the employees, 1,04,335 equity shares were allotted under the 2015 Stock Incentive Compensation Plan; and 4,07,527 equity shares under the Infosys Expanded Stock Ownership Program 2019. Source - https://www.livemint.com/market/stock-market-news/infosys-rewards-employees-by-allotting-equity-shares-under-two-schemes-check-details-11684110246463.html
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