Infosys, the country’s second-largest IT services company, on Thursday (April 23) granted equities worth ₹34.75 crore to its Managing Director and CEO Salil Parekh for his performance during the year.
Parekh was also granted an ESG-linked annual performance equity award worth ₹2 crore under the same plan. These units will vest after 12 months, subject to the company achieving specified environmental, social and governance milestones. ESG-linked stock awards are incentives that vest only if a company achieves predefined sustainability and governance goals.
In addition, the Board approved an Annual Performance Equity TSR Grant worth ₹5 crore. These RSUs will vest on or after March 31, 2027, depending on the company’s cumulative relative Total Shareholder Return (TSR) performance over a two-year period.
A separate Annual Performance Equity Grant worth ₹10 crore was also approved under the Infosys Expanded Stock Ownership Program 2019. These RSUs will vest after 12 months, subject to performance criteria outlined in the plan.
All the above RSUs will be granted effective May 2, 2026. The number of units will be determined based on the market price of Infosys shares at the close of trading on the day immediately preceding the grant date.
Parekh, who joined Infosys in January 2018, had received 382,071 Restricted Stock Units valued at nearly ₹50 crore in FY25, accounting for over 60% of his total remuneration of ₹80.62 crore for the year.
The 61-year-old executive, whose current term is scheduled to end in March 2027, declined to comment on a possible extension. When asked during the post-Q4 earnings press conference about his tenure ending next March, Parekh responded with a “no comment.”
However, according to media reports, a two-year extension is being considered to facilitate succession planning, with leadership continuity seen as important amid ongoing industry disruption.
A leadership transition at Infosys will be closely watched by investors, especially in a labour-intensive sector like IT that is currently navigating slow growth and concerns over AI-led disruption.
