Banerjee Anindya 4/A

What Happened
Anindya Banerjee, Chief Financial Officer of ICICI Bank Ltd (IBN), was granted 125,600 stock options on April 17, 2026. The grant is reported as a derivative acquisition (code A) with a reported aggregate value of $1,818,688 (USD equivalent). This filing is an amended Form 4 covering that April 17, 2026 grant.

Key Details

• Transaction date: April 17, 2026 (reported on an amended Form 4 filed May 8, 2026; filing is late relative to the usual 2‑business‑day Form 4 deadline).
• Grant amount: 125,600 stock options. Reported USD equivalent price per option: $14.48; total reported value: $1,818,688.
• Vesting and expirations (per footnote):
  • 37,680 options vest on 2027-04-17, expire 2032-04-16
  • 37,680 options vest on 2028-04-17, expire 2033-04-16
  • 50,240 options vest on 2029-04-17, expire 2034-04-16
• Exercise prices denominated in Indian rupees; USD amounts use INR 92.90 = $1.00 (Fed Reserve rate on Apr 17, 2026).
• Shares owned after transaction: not specified in the supplied filing summary.
• No indication in the provided filing of tax withholding, cashless exercise, 10b5‑1 plan, or immediate sale of shares.

Context

• This transaction is a grant of stock options (a derivative award), not an immediate purchase of common stock. The options vest over three future tranches and have multi‑year expirations; until vested and exercised, they do not represent tradable shares.
• Because the Form 4 was amended and filed well after the transaction date, the late filing may limit near‑term transparency but does not change the nature of the award.
• Grants to executives are commonly part of compensation and long‑term retention programs; they are informative about compensation structure but do not necessarily signal immediate insider buying or selling.