Zenken Corporation
Notice on the Introduction of a Restricted Stock Unit Plan
Introduces a restricted stock unit plan. For designated directors, monetary remuneration claims will be contributed as in-kind to allocate restricted stock, and the same stock will be allocated to employees. A new monetary remuneration framework is established subject to general meeting approval (up to 200 million yen per year in total, effectively around 50 million yen per year). Total allocated shares: 160,000 for directors, 30,000 for employees. Restriction period is four years, with conditional解除 (解除) and free acquisition provisions. Provisions also cover handling in cases of corporate reorganizations such as stock splits.
Key Figures
- Restricted stock total: 160,000 shares (target directors)
- Restricted stock total: 30,000 shares (employees)
- Annual monetary remuneration framework: up to 200 million yen
AI要約
Overview of the system
Based on a board of directors resolution, the company will introduce a restricted stock unit remuneration system, contribute monetary remuneration claims as in-kind to executives, and allocate restricted stock. The payment amount for shares will be determined based on the most recent closing price, and the restricted period is four years. One-quarter of the allocated shares will be released each year. Provisions also include appropriate解除 of restrictions in the event of organizational restructuring.
Key terms and impact
Remuneration framework for targeted directors is newly established, subject to shareholder meeting approval. Employees will also receive similar restricted stock units. The plan includes prohibition on disposal during the restriction period, free acquisition under certain conditions, and treatment in organizational restructuring, designed to align long-term shareholder value and corporate value.
The company name of Zenkken is listed in the materials as 'Zenkken Kabushiki Kaisha', but the official name is unknown, so it is 'Unknown'
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