Company: INFY
Filing Date: 2025-07-01
Form Type: 20-F
Source: 0000950170-25-091925
Chunk: 273

Company: Infosys Ltd
Filing Date: 2025-07-01
Form: 20-F
Item: Item 18
Chunk 273
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approximately $1.20 million) for fiscal 2025 under the 2019 Plan. These RSUs will vest based on achievement of certain performance targets. Accordingly, 70,699 performance-based RSU’s were granted effective May 2, 2024.

Other KMP

Under the 2015 Plan:

During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved 69,470 time based RSUs to other KMP under the 2015 plan. Time based RSUs will vest over four years.
Under the 2019 Plan:

During the year ended March 31, 2025, based on recommendations of Nomination and Remuneration Committee, the Board approved performance based grants of 47,000 RSUs to other KMPs under the 2019 plan. These RSUs will vest over three years based on achievement of certain performance targets.

Break-up of employee stock compensation expense:

(Dollars in millions)                                                                                              
                                                                                               Year ended March 31,
                                                                2025               2024                        2023
Granted to:                                                                                                        
KMP*                                                                      8                   8                   6
Employees other than KMP                                                 87                  71                  58
Total                                                                    95                  79                  64
Cash settled stock compensation expense included in the above             2                   2                   1

*Includes reversal of employee stock compensation expense on account of resignation / retirement of key managerial personnel.

 

The activity in the 2015 Plan and 2019 Plan for equity-settled share based payment transaction during fiscal 2025 is set out below:

                               Year ended March 31, 2025                              
                               Shares arising                         Weighted average
                               out of options                        exercise price($)
2015 Plan: RSUs                                                                       
Outstanding at the beginning             8,076,058                                0.06
Granted                                  2,255,532                                0.06
Exercised                                2,080,865                                0.06
Forfeited and expired                      991,261                                0.06
Outstanding at the end                   7,259,464                                0.06
Exercisable at the end                     629,138                                0.06
2015 Plan: Stock Options                                                              
Outstanding at the beginning                82,050                                6.61
Granted                                          —                                   -
Exercised