Mitsubishi Kakoki Kaisha, Ltd.
Notice on Introduction of Restricted Stock Remuneration Plan and Reestablishment of Performance-Linked Stock Remuneration Plan
Resolved to revise the executive compensation framework in anticipation of a business integration. Introduce a restricted stock remuneration plan and reestablish a performance-linked stock remuneration plan. Details such as restriction periods, total compensation limits, and number of shares will be submitted for approval at an extraordinary shareholders meeting.
Key Figures
- Total cap for restricted stock remuneration proposal: within 50 million yen per year
- Cap on total number of eligible shares: 25,000 shares per year (subject to adjustment for stock splits, etc.)
- Contribution cap for performance-linked stock remuneration: 0.6 hundred million yen per fiscal year; applicable period aligned with the medium-term management plan
AI要約
Overview of Plan Introduction
At the board meeting held today, a decision was made to revise the executive compensation framework in light of the planned business integration with Tsukishima Holdings. A restricted stock remuneration plan will be introduced to align directors' incentives with the sustainable enhancement of corporate value. The compensation cap is set within 50 million yen per year, and the eligible recipients are directors excluding outside directors.
Reestablishment of Performance-Linked Stock Remuneration
The contribution limit for the performance-linked stock remuneration plan is set at up to 0.6 hundred million yen per fiscal year. Eligible recipients include executive officers under delegation agreements excluding directors. Shares will be granted and delivered through a trust, and shares etc. will be delivered based on accumulated points. The effectiveness of the report will occur on the effective date of the share exchange (scheduled for 2027-04-01).
Mitsubishi Kakoki Kaisha, Ltd.
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