Akatsuki Eazima Co., Ltd.
Notice on the Introduction of Performance-Linked Stock Compensation System for Directors
Subject to annual general meeting approval, introduce a performance-linked stock compensation system for directors who are not members of the Audit and Supervisory Committee. Combines equity grant and cash compensation, paid via trust. Trust term about 4 years, maximum contributed funds of 132 million yen, conditions for cash payout at retirement and handling of stock disposal.
Key Figures
- 132 million yen: Cap on cash contributions to this trust
- 8,500 points per fiscal year: Cap on stock-issuance points
- about 4 years: Trust period
AI要約
Purpose and framework of introduction
The program is newly introduced for directors to strengthen the linkage between director compensation and corporate value and stock value. It combines restricted stock with cash rewards, aiming to enhance long-term corporate value. Approval at the general meeting is required, and the same system will be applied to executive officers.
Mechanism and practical implementation
Equity grant portion points are issued via a trust to acquire and transfer shares, and cash payments equivalent to the sale proceeds are provided. A base points and performance-linked points are allocated, with base points during the term and performance-linked points applied over specific periods. Upon retirement, cash payments are cashed out, and at trust termination, shares are extinguished or donated. Transfer restrictions apply to granted shares under transfer-restricted agreements.
Akatsuki Eazima Co., Ltd.
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