Infosys CEO Vishal Sikka granted 22,794 restricted stocks

Vishal Sikka has been granted the stock units as part of his compensation structure.

Bangalore | Updated: August 23, 2014 3:45 pm

 

Infosys CEO Vishal Sikka has been granted 22,794 restricted stock units (RSUs) at a price of Rs 5 per RSU, as part of his compensation structure. In a filing on the stock exchanges on Friday, Infosys said the RSUs will vest over a period of four years subject to continued employment and upon achieving key performance indicators as set by the board/management development and compensation committee from time to time.

 

Under the compensation structure for Sikka, he is entitled to an annual grant of restricted stock units (RSUs) covering either the company equity shares or American Depository Shares (ADS) with a value of $2 million. The annual base salary of Sikka is $900,000 with variable component being $4,180,000 ($4.18 million), making him the highest paid executive in the Indian IT services industry.

 

Sikka has been appointed as CEO and managing director of Infosys for five years from August 1, 2014, till June 13, 2019.

 

The new CEO of Infosys has the task of taking the company back to the industry leading growth rate. Sikka has called upon his colleagues to employ “design thinking” to set new benchmarks in the industry. He has already taken the top executive team of Infosys to Stanford University to familiarise with the leading cutting edge technologies.

 

– fe Bureau

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  1. E
    Employee Grief
    Aug 24, 2014 at 3:06 am
    Great Mr Sikka so now you are at the same level as Narayan murthys and nilekanis. Infosys is in red and has no profit but you happily come and make big bucks. Instead of all your infosys style suggestions to help the porgnaization, all yu need to do is sell these shares and Infosys will get huge profit. I have been in infosys fo rmore than 5 years, then why I cant get shares and only you get shares?infosys as an organization doenso nothing to boost the morale of the employees and only boosts morale of directors and CEOs.
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