Banerjee Anindya 4

What Happened Anindya Banerjee, Chief Financial Officer of ICICI Bank Ltd (IBN), received a grant of 125,600 stock options (reported as a derivative acquisition) with a reported USD-equivalent exercise price of $14.18 per share, for a translated total value of $1,781,008. This filing records an award/grant (not an open-market purchase or sale) and does not report any immediate exercise or sale of shares.

Key Details

• Transaction reported date: May 1, 2026 (Form 4 filed May 8, 2026).
• Grant date (per footnote): April 17, 2026; the Form 4 records the acquisition on May 1.
• Reported price/translation: $14.18 per share (USD translation); total reported value $1,781,008.
• Shares/options granted: 125,600 stock options (derivative securities).
• Shares owned after transaction: not specified in the filing.
• Footnote F1: Exercise prices are denominated in Indian Rupees and translated to USD at INR 94.90 = $1.00 (Federal Reserve rate on May 1, 2026).
• Footnote F2: Vesting in three tranches — 37,680 vests 4/17/2027 (expires 4/16/2032), 37,680 vests 4/17/2028 (expires 4/16/2033), and 50,240 vests 4/17/2029 (expires 4/16/2034).
• Timeliness: Form 4 was filed seven days after the May 1 transaction; this is later than the typical two-business-day reporting window for Section 16 insiders.

Context This report documents an options award rather than an immediate cash purchase or sale. The options vest over 2027–2029 and have multi-year expirations (2032–2034); no immediate sale or exercise was reported, so there's no immediate change in shareholding or cash proceeds. The USD values are translation conveniences — actual exercise prices and payments are governed in INR.