Infosys’ board approves ‘Expanded Stock Ownership Program 2019’
Infosys’ board of directors has approved the ‘Expanded Stock Ownership Program 2019’ that links long term employee incentives with shareholder value creation. Subject to shareholder approval, this unique plan proposes to allocate 50 million shares (or 5 crore shares) equating 1.15% of the company’s equity shares to a broad base of employees, which will vest on challenging performance criteria.
This program builds on the strong legacy of meritocracy that was established by the founders, and strengthens the company’s efforts towards wealth creation for employees, enhanced shareholder returns and delight for customers. The Infosys Expanded Stock Ownership Program 2019, under which grants will vest based on performance, aims to align employee interest with shareholder value creation, incentivize, attract and retain key talent, and reward employee performance with ownership.
Infosys is a global leader in technology services and consulting. The company enables clients in 45 countries to create and execute strategies for their digital transformation.