HBL transfers over 3.96 million shares to employees under deferred compensation plan

Habib Bank Limited has transferred a total of 3,965,914 shares to employees under its deferred variable compensation framework, in line with its Risk Aligned Remuneration Policy, the bank disclosed to the Pakistan Stock Exchange on February 9, 2026.

The shares were credited to Central Depository Company accounts of employees identified as Material Risk Takers, Material Risk Controllers and designated general managers, with the shares vested through a trust structure and purchased from the open market via a brokerage house on behalf of the trust.

As part of the first tranche for deferred compensation relating to 2024, 683,927 shares were credited to the CDC accounts of 130 employees. The second tranche, linked to deferred compensation for 2023, involved the transfer of 1,022,713 shares to 120 employees.

The third tranche, associated with deferred compensation for 2022, comprised 1,249,617 shares credited to 114 employees, with all shares transferred on February 2, 2026 at a rate of Rs 341.60 per share. The transfers were executed through M/S Akhtar and Hassan (Private) Limited, acting as one of the trustees, via a brokerage house.

HBL said all applicable regulatory requirements under PSX rules and the Securities Act, 2015 were duly complied with by the bank and its employees.