ASULINA Co.,Ltd.
Notice Regarding Revision of Restricted Stock Compensation Plan
A proposal to revise the restricted stock compensation plan will be submitted to the 16th Annual General Meeting of Shareholders. Revisions include raising the caps on executive remuneration and number of shares granted, introducing flexibility in restriction periods, reviewing service provision and forfeiture conditions, and expanding treatment upon legitimate resignation.
Key Figures
- Annual cap (Directors excluding Audit and Supervisory Committee members): Annual 4.5 hundred million yen or less
- Annual cap (Directors who are Audit and Supervisory Committee members): Annual 1.5 hundred million yen or less
- Annual cap on shares granted (Directors excluding Audit and Supervisory Committee members): Annual 500,000 shares or less
AI要約
Overview of the Plan Revision
The Company has resolved to revise the restricted stock compensation plan and will submit the proposal to the 16th Annual General Meeting of Shareholders. The revision raises the remuneration caps by director category and also revises the annual caps on shares to be granted. Restriction periods on transferability can be set individually within a 1–5 year range, and the commencement period for service provision conditions is set to one fiscal year, aiming to promote long-term corporate value enhancement and alignment with shareholder interests. In addition, the treatment upon resignation for legitimate reasons and the definitions of reasons for gratuitous acquisition are to be reviewed.
Impact and Future Procedures
The revision is subject to shareholder approval at the General Meeting of Shareholders, and approval for amendments to existing RS compensation resolutions for each category is required. Specific allocation procedures, such as decisions on individual allocations and the timing of application after shareholder approval, will be determined and disclosed separately. Adjustments will be made reasonably in response to stock splits, reverse stock splits and other share number adjustments.
ASULINA Co.,Ltd.
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