Trending @Infosys; About Infosys Stock Reward Program

My manager told me that some stocks are allotted in my name and i may get a call from HR. I have a few questions about this.

1.Will they deduct money for these stocks from my salary or whats the process 2. Are these stocks totally different from my compensation 3. What's the eligibility criteria to get stocks?

12mo ago

WigglyTaco

Infosys

12mo

You need to pay tax (as per your tax slab) and have a demat account (Zerodha/groww etc)
Yes, they are called ESOP and are not part of ctc.
Manager/DM recommendation - this is what I know.

DizzyBurrito

Infosys

12mo

You need to pay tax as per slab, but have to pay tax (~33%)for the ESOPS

DizzyBurrito

Infosys

12mo

No need to **

SquishyRaccoon

Infosys

12mo

Usually how many minimum stocks one can get?

WigglyTaco

Infosys

12mo

Depends on the plan in which you're enrolled. For eg. You may get 100 shares which will be vested for a period of 4 years..i.e. you'll get 25 shares each year

SquishyRaccoon

Infosys

12mo

Got it. Thank you for the information.

DancingBagel

Student

12mo

How is approx worth of these esops?

DerpyBanana

Infosys

12mo

What caused your manager to nominate you for RSUs If you have some pointers on something you did at work, it'd help me out too

DizzyBurrito

Infosys

12mo

There is no plan, if you are long term employee, you will get . Another tactic of not resigning by employee, as the stocks are given in tenure of 4 years

DizzyBurrito

Infosys

12mo

You dont get a call from HR. You will receive mail, how much esops granted!!.

They dont deduct money, but have to pay the tax amount. 2.in the compensation no where stocks mentioned, so these are different.
Min . JL5 . Your manager has to recommend to DM and DM agree for the recommendation to grant RSU.