Infosys' Sikka buys 9,116 shares as part of restricted stock units

Country's second largest software services firm Infosys on Wednesday said its chief executive Vishal Sikka has acquired 9,116 shares after partly exercising the restricted stock units awarded to him last year.

"In accordance to the first RSU Grant made on August 21, 2014 to Dr Vishal Sikka, CEO and Managing Director of the Company, 10 per cent of the RSUs numbering 2,279 shares (equivalent to 9,116 shares post bonus issues) have vested on August 20, 2015," Infosys said in a filing to the BSE.

Sikka has exercised the above vested RSUs numbering 2,279 shares, it added. Last year, the Bengaluru-based firm had granted 22,794 RSUs to Sikka.

The RSUs, issued at a grant price of Rs 5 apiece, were to vest over a period of four years subject to continued employment and upon achieving key performance indicators set by the Board/Management Development and Compensation Committee, it had said.

Shares of Infosys today closed at Rs 1,065.35, down 1.95 per cent from the previous close on the BSE.

Photograph: Courtesy, Infosys